Social contributions in Finland
Finland: Social contributions was 32.67 billion current LCU in 2024. ◆ Volatile
Social contributions in Finland, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Finland recorded 32.67 billion current LCU for social contributions in 2024.
Compared with earlier readings it is down 4.3% on the previous year and up 24.3% over ten years.
Over the whole period, social contributions in Finland peaked at 34.14 billion current LCU in 2023 and was at its lowest, 202.16 million current LCU, in 1972.
Finland ranks 54th of 112 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Social contributions in Finland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 202.16 million current LCU | — |
| 1973 | 286.26 million current LCU | +41.6% |
| 1974 | 340.24 million current LCU | +18.9% |
| 1975 | 462.01 million current LCU | +35.8% |
| 1976 | 590.84 million current LCU | +27.9% |
| 1977 | 625.66 million current LCU | +5.9% |
| 1978 | 613.55 million current LCU | -1.9% |
| 1979 | 757.35 million current LCU | +23.4% |
| 1980 | 851.03 million current LCU | +12.4% |
| 1981 | 997.02 million current LCU | +17.2% |
| 1982 | 1.13 billion current LCU | +13.8% |
| 1983 | 1.17 billion current LCU | +2.8% |
| 1984 | 1.32 billion current LCU | +13.2% |
| 1985 | 1.59 billion current LCU | +20.0% |
| 1986 | 1.94 billion current LCU | +22.3% |
| 1987 | 1.97 billion current LCU | +1.8% |
| 1988 | 2.13 billion current LCU | +8.2% |
| 1989 | 2.33 billion current LCU | +9.3% |
| 1990 | 2.32 billion current LCU | -0.5% |
| 1991 | 2.20 billion current LCU | -5.2% |
| 1992 | 2.47 billion current LCU | +12.0% |
| 1993 | 3.59 billion current LCU | +45.4% |
| 1994 | 4.11 billion current LCU | +14.6% |
| 1995 | 13.89 billion current LCU | +237.9% |
| 1996 | 13.83 billion current LCU | -0.4% |
| 1997 | 14.11 billion current LCU | +2.0% |
| 1998 | 15.06 billion current LCU | +6.8% |
| 1999 | 15.80 billion current LCU | +4.9% |
| 2000 | 15.99 billion current LCU | +1.2% |
| 2001 | 17.02 billion current LCU | +6.4% |
| 2002 | 17.27 billion current LCU | +1.5% |
| 2003 | 17.38 billion current LCU | +0.6% |
| 2004 | 17.99 billion current LCU | +3.5% |
| 2005 | 19.11 billion current LCU | +6.2% |
| 2006 | 20.50 billion current LCU | +7.3% |
| 2007 | 21.61 billion current LCU | +5.4% |
| 2008 | 22.56 billion current LCU | +4.4% |
| 2009 | 22.27 billion current LCU | -1.3% |
| 2010 | 22.90 billion current LCU | +2.8% |
| 2011 | 24.04 billion current LCU | +5.0% |
| 2012 | 25.53 billion current LCU | +6.2% |
| 2013 | 25.90 billion current LCU | +1.5% |
| 2014 | 26.29 billion current LCU | +1.5% |
| 2015 | 26.94 billion current LCU | +2.5% |
| 2016 | 27.94 billion current LCU | +3.7% |
| 2017 | 27.30 billion current LCU | -2.3% |
| 2018 | 27.92 billion current LCU | +2.3% |
| 2019 | 28.54 billion current LCU | +2.2% |
| 2020 | 27.56 billion current LCU | -3.4% |
| 2021 | 30.45 billion current LCU | +10.5% |
| 2022 | 32.20 billion current LCU | +5.8% |
| 2023 | 34.14 billion current LCU | +6.0% |
| 2024 | 32.67 billion current LCU | -4.3% |
Finland compared with similar countries
- Finland's 32.67 billion current LCU is below the median for high income countries, which is 35.12 billion current LCU, 93% of the median. (49 countries reporting)
- Finland's 32.67 billion current LCU is below the median for Europe & Central Asia, which is 64.53 billion current LCU, 51% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Social contributions in Finland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +237.9% | 4.11 billion current LCU | 13.89 billion current LCU |
| 1993 | +45.4% | 2.47 billion current LCU | 3.59 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 484.76 million current LCU | 202.16 million current LCU | 757.35 million current LCU | 8 |
| 1980s | 1.54 billion current LCU | 851.03 million current LCU | 2.33 billion current LCU | 10 |
| 1990s | 8.74 billion current LCU | 2.20 billion current LCU | 15.80 billion current LCU | 10 |
| 2000s | 19.17 billion current LCU | 15.99 billion current LCU | 22.56 billion current LCU | 10 |
| 2010s | 26.33 billion current LCU | 22.90 billion current LCU | 28.54 billion current LCU | 10 |
| 2020s | 31.40 billion current LCU | 27.56 billion current LCU | 34.14 billion current LCU | 5 |
Countries ranked near Finland
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Frequently asked questions
- What is social contributions in Finland?
- Social contributions in Finland was 32.67 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Finland?
- The highest recorded value was 34.14 billion current LCU in 2023.
- What is the lowest social contributions recorded in Finland?
- The lowest recorded value was 202.16 million current LCU in 1972.
- How does Finland rank for social contributions?
- Finland ranks 54th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Finland?
- Over the last ten years it is up 24.3%. The long-run trend across the full record is volatile.
- Where does this Finland data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Social contributions (current LCU). Statizoid updates them automatically from the source API.
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About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.