Jamaica Social Security Rate

The Social Security Rate in Jamaica stands at 18.75 percent. Social Security Rate in Jamaica averaged 18.28 percent from 2004 until 2019, reaching an all time high of 18.75 percent in 2014 and a record low of 18 percent in 2005.

Social Security Rate in Jamaica is expected to be 18.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Social Security Rate is projected to trend around 18.75 percent in 2020, according to our econometric models.

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Jamaica Taxes	Last	Previous	Highest	Lowest	Unit
Corporate Tax Rate	25.00	25.00	33.33	25.00	percent	[+]
Personal Income Tax Rate	30.00	30.00	35.00	25.00	percent	[+]
Sales Tax Rate	16.50	16.50	17.50	16.50	percent	[+]
Social Security Rate	18.75	18.75	18.75	18.00	percent	[+]
Social Security Rate For Companies	12.00	12.00	12.00	11.50	percent	[+]
Social Security Rate For Employees	6.75	6.75	6.75	6.50	percent	[+]

In Jamaica, 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 Jamaica because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Jamaica Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Social Security Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	18.75	18.75	18.75	18.00	2004 - 2019	percent	Yearly

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Country	Last		Previous	Range
France	59.20	Dec/18	59.2	59.2 : 51.22	%
China	48.00	Dec/18	48	48 : 48	%
Netherlands	47.45	Dec/19	46.65	53.05 : 46.12	%
Argentina	43.70	Dec/19	43.7	44 : 40	%
Brazil	39.80	Dec/19	39.8	42.8 : 31	%
Italy	39.49	Dec/19	39.49	45.9 : 39.49	%
Germany	39.06	Dec/19	40.21	42.53 : 33.35	%
Turkey	37.50	Dec/19	37.5	38.5 : 31.5	%
Singapore	37.00	Dec/19	37	37 : 33	%
Spain	36.25	Dec/19	36.25	39.44 : 36.2	%
Russia	30.00	Dec/19	30	35.6 : 26	%
Japan	29.20	Dec/18	29.2	29.6 : 18.39	%
United Kingdom	25.80	Dec/19	25.8	25.8 : 9	%
India	24.00	Dec/18	24	24 : 24	%
Saudi Arabia	22.00	Dec/19	22	22 : 20	%
South Korea	18.81	Dec/18	18.81	18.81 : 15.3	%
United States	15.30	Dec/18	15.3	16.75 : 15.3	%
Canada	14.09	Dec/19	13.81	14.95 : 7.9	%
Switzerland	12.00	Dec/19	12	18.1 : 12	%
Australia	11.50	Dec/19	11.5	11.5 : 10.5	%
Indonesia	9.74	Dec/18	9.74	15.74 : 9.74	%
Mexico	9.23	Dec/18	9.23	17.63 : 0	%
South Africa	2.00	Dec/19	2	3 : 2	%