The Social Security Rate in Ecuador stands at 20.60 percent. source: Instituto Ecuatoriano de Seguridad Social

Social Security Rate in Ecuador averaged 20.58 percent from 2012 until 2020, reaching an all time high of 20.60 percent in 2014 and a record low of 20.50 percent in 2013. This page provides - Ecuador Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Social Security Rate - values, historical data and charts - was last updated on May of 2021.

Social Security Rate in Ecuador is expected to reach 21.60 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Social Security Rate is projected to trend around 20.60 percent in 2021, according to our econometric models.

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Ecuador Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
20.60 20.60 20.60 20.50 2012 - 2020 percent Yearly

Ecuador Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 25.00 25.00 36.25 15.00 percent [+]
Personal Income Tax Rate 35.00 35.00 35.00 25.00 percent [+]
Sales Tax Rate 12.00 12.00 14.00 12.00 percent [+]
Social Security Rate 20.60 20.60 20.60 20.50 percent [+]
Social Security Rate For Companies 11.15 11.15 11.15 11.15 percent [+]
Social Security Rate For Employees 9.45 9.45 9.45 9.35 percent [+]

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