Taxes on income, profits and capital gains in Finland
Finland: Taxes on income, profits and capital gains was 26.8% in 2024. ▼ Falling
Taxes on income, profits and capital gains in Finland, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Finland is 26.8%, measured in 2024.
That represents a change of down 0.7% on the previous year and up 78.2% over ten years.
Over the whole period, taxes on income, profits and capital gains in Finland peaked at 35.4% in 1976 and was at its lowest, 14.5%, in 2020.
That places Finland 61st out of 153 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 53 years of available data.
Taxes on income, profits and capital gains in Finland, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 29.4% | — |
| 1973 | 30.9% | +5.0% |
| 1974 | 33.4% | +8.1% |
| 1975 | 32.7% | -2.1% |
| 1976 | 35.4% | +8.2% |
| 1977 | 32.1% | -9.4% |
| 1978 | 27.1% | -15.5% |
| 1979 | 25.5% | -5.9% |
| 1980 | 28.0% | +9.9% |
| 1981 | 30.0% | +7.1% |
| 1982 | 28.5% | -5.0% |
| 1983 | 28.7% | +0.8% |
| 1984 | 30.3% | +5.5% |
| 1985 | 30.9% | +2.0% |
| 1986 | 31.9% | +3.0% |
| 1987 | 28.3% | -11.2% |
| 1988 | 30.4% | +7.3% |
| 1989 | 29.5% | -2.9% |
| 1990 | 30.7% | +4.1% |
| 1991 | 30.3% | -1.1% |
| 1992 | 31.0% | +2.1% |
| 1993 | 24.0% | -22.5% |
| 1994 | 27.1% | +13.1% |
| 1995 | 16.0% | -40.9% |
| 1996 | 18.8% | +17.4% |
| 1997 | 19.6% | +4.2% |
| 1998 | 20.8% | +6.2% |
| 1999 | 20.7% | -0.4% |
| 2000 | 25.3% | +22.0% |
| 2001 | 22.1% | -12.6% |
| 2002 | 22.5% | +1.8% |
| 2003 | 20.8% | -7.5% |
| 2004 | 20.8% | -0.2% |
| 2005 | 20.6% | -0.9% |
| 2006 | 19.9% | -3.3% |
| 2007 | 20.8% | +4.7% |
| 2008 | 19.8% | -5.1% |
| 2009 | 15.1% | -23.8% |
| 2010 | 14.5% | -3.6% |
| 2011 | 15.5% | +6.6% |
| 2012 | 14.7% | -5.0% |
| 2013 | 14.7% | +0.1% |
| 2014 | 15.0% | +2.3% |
| 2015 | 15.2% | +0.8% |
| 2016 | 15.3% | +1.0% |
| 2017 | 15.9% | +4.0% |
| 2018 | 15.9% | -0.0% |
| 2019 | 15.9% | -0.1% |
| 2020 | 14.5% | -8.7% |
| 2021 | 16.4% | +12.9% |
| 2022 | 18.1% | +10.3% |
| 2023 | 27.0% | +49.5% |
| 2024 | 26.8% | -0.7% |
Finland compared with similar countries
- Finland's 26.8% is above the median for high income countries, which is 24.5%, 1.1× the median. (55 countries reporting)
- Finland's 26.8% is above the median for Europe & Central Asia, which is 20.9%, 1.3× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Taxes on income, profits and capital gains 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 |
|---|---|---|---|
| 2023 | +49.5% | 18.1% | 27.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.8% | 25.5% | 35.4% | 8 |
| 1980s | 29.7% | 28.0% | 31.9% | 10 |
| 1990s | 23.9% | 16.0% | 31.0% | 10 |
| 2000s | 20.8% | 15.1% | 25.3% | 10 |
| 2010s | 15.3% | 14.5% | 15.9% | 10 |
| 2020s | 20.6% | 14.5% | 27.0% | 5 |
Countries ranked near Finland
- 58 Fiji 27.8% compare
- 59 South Korea 27.5% compare
- 60 Kazakhstan 27.1% compare
- 62 Cote d'Ivoire 26.8% compare
- 63 Nepal 26.7% compare
- 64 Tunisia 26.7% compare
More public sector data for Finland
- Arms imports 64.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 11.39 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 72.97 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 64.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,243 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0234 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 17.88 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 6.99 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 121.73 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Finland?
- Taxes on income, profits and capital gains in Finland was 26.8% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Finland?
- The highest recorded value was 35.4% in 1976.
- What is the lowest taxes on income, profits and capital gains recorded in Finland?
- The lowest recorded value was 14.5% in 2020.
- How does Finland rank for taxes on income, profits and capital gains?
- Finland ranks 61st out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Finland?
- Over the last ten years it is up 78.2%. The long-run trend across the full record is falling.
- 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 Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.