Finland - Social contributions (% of revenue)

Social contributions (% of revenue) in Finland was 31.94 as of 2019. Its highest value over the past 47 years was 33.91 in 2010, while its lowest value was 7.69 in 1972.

Definition: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 7.69
1973 8.72
1974 8.54
1975 9.45
1976 9.62
1977 9.39
1978 8.91
1979 9.83
1980 9.57
1981 9.49
1982 9.63
1983 8.85
1984 8.83
1985 9.39
1986 10.18
1987 10.07
1988 9.25
1989 8.92
1990 8.42
1991 8.27
1992 9.06
1993 12.88
1994 14.06
1995 33.66
1996 32.86
1997 31.59
1998 31.31
1999 32.08
2000 28.77
2001 30.49
2002 29.92
2003 29.97
2004 29.83
2005 30.39
2006 30.86
2007 30.38
2008 30.59
2009 33.66
2010 33.91
2011 32.53
2012 33.56
2013 33.16
2014 33.27
2015 33.52
2016 33.55
2017 32.30
2018 32.05
2019 31.94

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance