The Social Security Rate in Montenegro stands at 21.50 percent. source: Ministry of Labour and Social Welfare

Social Security Rate in Montenegro averaged 32.48 percent from 2011 until 2022, reaching an all time high of 34.30 percent in 2018 and a record low of 21.50 percent in 2022. This page provides - Montenegro Social Security Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Social Security Rate - values, historical data and charts - was last updated on January of 2023.

Social Security Rate in Montenegro is expected to reach 21.50 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Social Security Rate is projected to trend around 21.50 percent in 2024, according to our econometric models.

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Montenegro Social Security Rate

Related Last Previous Unit Reference
Social Security Rate For Employees 15.50 24.00 percent Dec 2022
Social Security Rate For Companies 6.00 8.30 percent Dec 2022
Social Security Rate 21.50 32.30 percent Dec 2022

Montenegro Social Security Rate
In Montenegro, 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 Montenegro because they help to pay for many social programs including welfare, health care and many other benefits.
Actual Previous Highest Lowest Dates Unit Frequency
21.50 32.30 34.30 21.50 2011 - 2022 percent Yearly