The Social Security Rate in Panama stands at 22 percent. Social Security Rate in Panama averaged 21.88 percent from 2004 until 2025, reaching an all time high of 23.75 percent in 2006 and a record low of 19.00 percent in 2011. source: Ministry of Labour and Social Security

Social Security Rate in Panama is expected to reach 22.00 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Social Security Rate is projected to trend around 22.00 percent in 2026, according to our econometric models.



Related Last Previous Unit Reference
Corporate Tax Rate 25.00 25.00 percent Dec 2025
Personal Income Tax Rate 25.00 25.00 percent Dec 2025
Sales Tax Rate 7.00 7.00 percent Dec 2025
Social Security Rate 22.00 22.00 percent Dec 2025
Social Security Rate For Companies 12.25 12.25 percent Dec 2025
Social Security Rate For Employees 9.75 9.75 percent Dec 2025
Withholding Tax Rate 12.50 12.50 percent Dec 2024



Panama Social Security Rate
In Panama, 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 Panama because they help to pay for many social programs including welfare, health care and many other benefits.
Actual Previous Highest Lowest Dates Unit Frequency
22.00 22.00 23.75 19.00 2004 - 2025 percent Yearly