The Social Security Rate in Romania stands at 37.25 percent.

Social Security Rate in Romania averaged 45.92 percent from 2004 until 2019, reaching an all time high of 56.75 percent in 2004 and a record low of 37.25 percent in 2018. This page provides - Romania Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Social Security Rate - values, historical data and charts - was last updated on October of 2020.

Social Security Rate in Romania is expected to reach 37.25 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania Social Security Rate is projected to trend around 37.25 percent in 2021, according to our econometric models.

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Romania Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
37.25 37.25 56.75 37.25 2004 - 2019 percent Yearly

Romania Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 16.00 16.00 38.00 16.00 percent [+]
Personal Income Tax Rate 10.00 10.00 48.00 10.00 percent [+]
Sales Tax Rate 19.00 19.00 24.00 19.00 percent [+]
Social Security Rate 37.25 37.25 56.75 37.25 percent [+]
Social Security Rate For Companies 2.25 2.25 39.75 2.25 percent [+]
Social Security Rate For Employees 35.00 35.00 35.00 16.50 percent [+]

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