Key data points
Last release
—
Observation period
2025
Next release
—
Forecast
—
Highest
16.65 % on Dec 31, 2011
Lowest
10.10 % on Dec 31, 2021
About Iceland Social Security Rate
In Iceland, 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 Iceland because they help to pay for many social programs including welfare, health care and many other benefits.