The Social Security Rate in Montenegro stands at 34.30 percent. Montenegro 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 Montenegro averaged 33.74 percent from 2011 until 2019, reaching an all time high of 34.30 percent in 2018 and a record low of 33.30 percent in 2012. This page provides - Montenegro Social Security Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Social Security Rate in Montenegro is expected to reach 34.30 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Social Security Rate is projected to trend around 34.30 percent in 2021, according to our econometric models.

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Montenegro Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
34.30 34.30 34.30 33.30 2011 - 2019 percent Yearly

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