Finland - Taxes on income, profits and capital gains (% of revenue)

Taxes on income, profits and capital gains (% of revenue) in Finland was 15.91 as of 2019. Its highest value over the past 47 years was 35.41 in 1976, while its lowest value was 14.54 in 2010.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

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

See also:

Year Value
1972 29.44
1973 30.90
1974 33.41
1975 32.72
1976 35.41
1977 32.08
1978 27.09
1979 25.50
1980 28.02
1981 30.01
1982 28.52
1983 28.74
1984 30.33
1985 30.94
1986 31.86
1987 28.30
1988 30.36
1989 29.47
1990 30.67
1991 30.34
1992 30.97
1993 23.99
1994 27.13
1995 16.04
1996 18.82
1997 19.61
1998 20.82
1999 20.73
2000 25.30
2001 22.12
2002 22.51
2003 20.82
2004 20.77
2005 20.59
2006 19.90
2007 20.83
2008 19.76
2009 15.06
2010 14.54
2011 15.50
2012 14.72
2013 14.73
2014 15.06
2015 15.18
2016 15.32
2017 15.93
2018 15.95
2019 15.91

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