The Social Security Rate in Ecuador stands at 20.60 percent. Ecuador 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 Ecuador averaged 21.72 percent from 2012 until 2017, reaching an all time high of 23.50 percent in 2012 and a record low of 20.60 percent in 2017. This page provides - Ecuador Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Social Security Rate in Ecuador is expected to reach 21.60 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Social Security Rate is projected to trend around 21.60 percent in 2021, according to our econometric models.

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Ecuador Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
21.60 21.60 23.50 21.50 2012 - 2018 percent Yearly

Ecuador Social Security Rate
In Ecuador, 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 Ecuador because they help to pay for many social programs including welfare, health care and many other benefits.