The Social Security Rate For Employees in Madagascar stands at 1 percent. Madagascar Social Security Rate For Employees - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Social Security Rate For Employees in Madagascar averaged 1.42 percent from 2007 until 2019, reaching an all time high of 2 percent in 2009 and a record low of 1 percent in 2008. This page provides the latest reported value for - Madagascar Social Security Rate For Employees - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Social Security Rate For Employees in Madagascar is expected to reach 1.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Madagascar Social Security Rate For Employees is projected to trend around 1.00 percent in 2021, according to our econometric models.


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Madagascar Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.00 2.00 1.00 2007 - 2019 percent Yearly


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