The Social Security Rate in Bahamas stands at 9.80 percent. Bahamas Social Security Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Social Security Rate in Bahamas averaged 9.33 percent from 2004 until 2018, reaching an all time high of 9.80 percent in 2011 and a record low of 8.80 percent in 2005. This page provides - Bahamas Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Social Security Rate in Bahamas is expected to reach 9.80 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bahamas Social Security Rate is projected to trend around 9.80 percent in 2021, according to our econometric models.

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Bahamas Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.80 9.80 9.80 8.80 2004 - 2020 percent Yearly

Bahamas Social Security Rate
In Bahamas, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Bahamas because they help to pay for many social programs including welfare, health care and many other benefits.