The Social Security Rate For Employees in Romania stands at 35 percent.

Social Security Rate For Employees in Romania averaged 19 percent from 2004 until 2019, reaching an all time high of 35 percent in 2018 and a record low of 16.50 percent in 2010. This page provides - Romania Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Social Security Rate For Employees in Romania is expected to be 35.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania Social Security Rate For Employees is projected to trend around 35.00 percent in 2020, according to our econometric models.

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Romania Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
35.00 35.00 35.00 16.50 2004 - 2019 percent Yearly

Romania Social Security Rate For Employees
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.