Taxes on income, profits and capital gains in Finland
Finland: Taxes on income, profits and capital gains was 45.1% 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 total taxes.
Analysis
The most recent figure for taxes on income, profits and capital gains in Finland is 45.1%, measured in 2024.
The figure is down 1.3% on the previous year and up 61.9% over ten years.
Over the whole period, taxes on income, profits and capital gains in Finland peaked at 45.8% in 2023 and was at its lowest, 26.2%, in 2020.
Finland ranks 47th of 153 countries on this measure, 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 total taxes | Change |
|---|---|---|
| 1972 | 34.6% | — |
| 1973 | 36.8% | +6.4% |
| 1974 | 39.5% | +7.4% |
| 1975 | 39.6% | +0.2% |
| 1976 | 42.6% | +7.5% |
| 1977 | 38.9% | -8.7% |
| 1978 | 33.1% | -14.7% |
| 1979 | 31.8% | -4.0% |
| 1980 | 34.5% | +8.5% |
| 1981 | 36.8% | +6.6% |
| 1982 | 35.4% | -3.8% |
| 1983 | 35.5% | +0.3% |
| 1984 | 37.3% | +5.1% |
| 1985 | 38.2% | +2.4% |
| 1986 | 40.4% | +5.7% |
| 1987 | 36.1% | -10.5% |
| 1988 | 37.7% | +4.4% |
| 1989 | 36.4% | -3.6% |
| 1990 | 38.1% | +4.7% |
| 1991 | 38.0% | -0.2% |
| 1992 | 40.0% | +5.1% |
| 1993 | 34.8% | -13.0% |
| 1994 | 37.8% | +8.7% |
| 1995 | 32.4% | -14.2% |
| 1996 | 35.4% | +9.2% |
| 1997 | 34.9% | -1.4% |
| 1998 | 36.6% | +4.8% |
| 1999 | 35.9% | -1.9% |
| 2000 | 42.5% | +18.3% |
| 2001 | 39.0% | -8.3% |
| 2002 | 38.9% | -0.1% |
| 2003 | 36.1% | -7.4% |
| 2004 | 36.2% | +0.3% |
| 2005 | 36.1% | -0.3% |
| 2006 | 35.7% | -1.0% |
| 2007 | 37.6% | +5.3% |
| 2008 | 36.6% | -2.7% |
| 2009 | 29.0% | -20.7% |
| 2010 | 28.1% | -3.4% |
| 2011 | 28.9% | +3.0% |
| 2012 | 27.7% | -4.3% |
| 2013 | 27.3% | -1.4% |
| 2014 | 27.9% | +2.2% |
| 2015 | 28.2% | +1.1% |
| 2016 | 28.2% | -0.1% |
| 2017 | 28.7% | +1.8% |
| 2018 | 28.6% | -0.4% |
| 2019 | 28.7% | +0.3% |
| 2020 | 26.2% | -8.6% |
| 2021 | 29.6% | +13.0% |
| 2022 | 32.2% | +9.0% |
| 2023 | 45.8% | +41.9% |
| 2024 | 45.1% | -1.3% |
Finland compared with similar countries
- Finland's 45.1% is above the median for high income countries, which is 43.9%, 1.0× the median. (55 countries reporting)
- Finland's 45.1% is above the median for Europe & Central Asia, which is 39.4%, 1.1× 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 | +41.9% | 32.2% | 45.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 37.1% | 31.8% | 42.6% | 8 |
| 1980s | 36.8% | 34.5% | 40.4% | 10 |
| 1990s | 36.4% | 32.4% | 40.0% | 10 |
| 2000s | 36.8% | 29.0% | 42.5% | 10 |
| 2010s | 28.2% | 27.3% | 28.9% | 10 |
| 2020s | 35.8% | 26.2% | 45.8% | 5 |
Countries ranked near Finland
More public sector data for Finland
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Finland?
- Taxes on income, profits and capital gains in Finland was 45.1% 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 45.8% in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in Finland?
- The lowest recorded value was 26.2% in 2020.
- How does Finland rank for taxes on income, profits and capital gains?
- Finland ranks 47th 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 61.9%. 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.