Social Security Rate in Guatemala is expected to reach 17.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guatemala Social Security Rate is projected to trend around 17.50 percent in 2021, according to our econometric models.
Guatemala Social Security Rate
In Guatemala, 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 Guatemala because they help to pay for many social programs including welfare, health care and many other benefits.