Finland - Tax revenue (% of GDP)

Tax revenue (% of GDP) in Finland was 20.67 as of 2019. Its highest value over the past 47 years was 24.88 in 1992, while its lowest value was 18.60 in 2010.

Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1972 21.77
1973 22.00
1974 21.35
1975 22.16
1976 24.70
1977 24.22
1978 22.42
1979 21.19
1980 21.46
1981 22.53
1982 22.16
1983 22.34
1984 22.74
1985 23.48
1986 23.97
1987 22.67
1988 24.19
1989 24.65
1990 24.42
1991 24.44
1992 24.88
1993 22.42
1994 23.11
1995 20.70
1996 21.91
1997 22.62
1998 22.71
1999 22.39
2000 24.24
2001 21.89
2002 22.47
2003 22.06
2004 21.81
2005 21.79
2006 21.42
2007 21.07
2008 20.49
2009 18.88
2010 18.60
2011 20.02
2012 20.14
2013 20.64
2014 20.63
2015 20.47
2016 20.81
2017 20.73
2018 20.82
2019 20.67

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: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance