Finland - Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in Finland was 38.73 as of 2019. Its highest value over the past 47 years was 50.86 in 1979, while its lowest value was 32.01 in 1995.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

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

See also:

Year Value
1972 48.51
1973 46.14
1974 44.00
1975 42.52
1976 40.04
1977 43.93
1978 48.74
1979 50.86
1980 50.17
1981 49.14
1982 49.72
1983 50.04
1984 48.78
1985 47.68
1986 45.54
1987 48.36
1988 48.19
1989 49.81
1990 48.14
1991 47.73
1992 44.67
1993 43.26
1994 42.70
1995 32.01
1996 32.81
1997 35.55
1998 35.28
1999 36.16
2000 33.27
2001 33.70
2002 34.30
2003 36.04
2004 35.68
2005 35.51
2006 35.07
2007 33.92
2008 33.34
2009 36.14
2010 36.71
2011 37.61
2012 37.83
2013 38.44
2014 38.33
2015 37.87
2016 38.42
2017 38.51
2018 39.07
2019 38.73

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