The Social Security Rate in Spain stands at 36.25 percent.

Social Security Rate in Spain averaged 36.63 percent from 1981 until 2020, reaching an all time high of 39.44 percent in 1981 and a record low of 36.20 percent in 1990. This page provides the latest reported value for - Spain Social Security Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Social Security Rate - values, historical data and charts - was last updated on October of 2020. source: Ministerio de Empleo y Seguridad Social

Social Security Rate in Spain is expected to reach 36.25 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Social Security Rate is projected to trend around 36.25 percent in 2021, according to our econometric models.

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Spain Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
36.25 36.25 39.44 36.20 1981 - 2020 percent Yearly

Spain Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 25.00 25.00 35.00 25.00 percent [+]
Personal Income Tax Rate 45.00 45.00 56.00 43.00 percent [+]
Sales Tax Rate 21.00 21.00 21.00 16.00 percent [+]
Social Security Rate 36.25 36.25 39.44 36.20 percent [+]
Social Security Rate For Companies 29.90 29.90 33.70 29.90 percent [+]
Social Security Rate For Employees 6.35 6.35 6.35 5.74 percent [+]


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