The Social Security Rate in Portugal stands at 34.75 percent. source: Instituto da Segurança Social

Social Security Rate in Portugal averaged 33.80 percent from 1981 until 2021, reaching an all time high of 35.50 percent in 1990 and a record low of 10.50 percent in 1981. This page provides - Portugal Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Social Security Rate - values, historical data and charts - was last updated on March of 2023.

Social Security Rate in Portugal is expected to reach 34.75 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Social Security Rate is projected to trend around 34.75 percent in 2024, according to our econometric models.

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Portugal Social Security Rate

Related Last Previous Unit Reference
Social Security Rate 34.75 34.75 percent Dec 2022
Social Security Rate For Companies 23.75 23.75 percent Dec 2022
Social Security Rate For Employees 11.00 11.00 percent Dec 2022

Portugal Social Security Rate
In Portugal, 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 Portugal because they help to pay for many social programs including welfare, health care and many other benefits.
Actual Previous Highest Lowest Dates Unit Frequency
34.75 34.75 35.50 10.50 1981 - 2022 percent Yearly