The Social Security Rate in Latvia stands at 34.09 percent. source: State Revenue Service - Ministry of Finance

Social Security Rate in Latvia averaged 33.98 percent from 2004 until 2021, reaching an all time high of 35.09 percent in 2012 and a record low of 33.09 percent in 2005. This page provides - Latvia Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Social Security Rate - values, historical data and charts - was last updated on July of 2021.

Social Security Rate in Latvia is expected to reach 35.09 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Social Security Rate is projected to trend around 35.09 percent in 2022, according to our econometric models.

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Latvia Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
34.09 35.09 35.09 33.09 2004 - 2021 percent Yearly

Latvia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 29.00 15.00 percent [+]
Personal Income Tax Rate 31.00 31.40 31.40 23.00 percent [+]
Sales Tax Rate 21.00 21.00 22.00 18.00 percent [+]
Social Security Rate 34.09 35.09 35.09 33.09 percent [+]
Social Security Rate For Companies 23.59 24.09 24.09 23.59 percent [+]
Social Security Rate For Employees 10.50 11.00 11.00 9.00 percent [+]


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