Published: 12 July 2012

Tax ratio 43,4 percent in 2011

The tax ratio was 43.4 per cent in 2011. The tax ratio describes the ratio of taxes and compulsory social security contributions to gross domestic product. The tax ratio grew by 0.9 percentage points. The tax ratio last rose in 2005. The accrual of taxes and compulsory social security contributions grew by 8.2 per cent. The total accrual amounted to EUR 82.2 billion. The amount of taxes accrued for the first time exceeded the level of 2008 prior to the economic downturn. This information is based on Statistics Finland’s revised preliminary data concerning 2011. The tax ratio went up because GDP became revised from the preliminary data released in March. The data on the accrual of taxes did not become significantly revised from previously released data.

Taxes and compulsory social security contributions by sector, 2010 – 2011 1)

Sector Year Million euro Ratio to GDP, %
S13+S212 Total 2010 75 968 42,5
2011 82 232 43,4
S1311 Central Government 2010 34 680 19,4
2011 39 180 20,7
S1313 Local Government 2010 18 535 10,4
2011 19 166 10,1
S1314 Social Security Funds 2010 22 601 12,6
2011 23 696 12,5
S212 European Union 2010 152 0,1
2011 190 0,1
1) Preliminary data

The brisk growth in households’ income tax, corporation tax and value added tax particularly contributed to the increase in the tax accrual. The accrual of value added tax amounted to EUR 16.9 billion, or 10.9 per cent more than in 2010. The revenue from households’ income tax rose by 7.4 per cent and totalled EUR 24.0 billion. The corporation tax revenue went up by 13.0 per cent. In addition, the revenue from energy taxes increased by 22.4 per cent and reached nearly EUR 3.9 billion. Changes made to the basis of taxation had an effect on the growth in energy taxes. Among the tax categories, revenue from taxes on goods and service grew by most both in euros and relative to the previous year.

Most of the growth in tax accruals concerned taxes collected by the state. The tax revenue of the state totalled EUR 39.2 billion, which is 13.0 per cent more than one year previously. The tax accrual of municipalities grew clearly more slowly, by 3.4 per cent and was EUR 19.2 billion. Social security funds accrued compulsory social security contributions to the tune of EUR 23.7 billion, or 4.8 per cent more than one year earlier.

The net tax ratio grew to 18.5 per cent from 17.3 per cent in 2010. The net tax ratio is calculated by deducting from the tax ratio the subsidies, and current and capital transfers paid by general government to households and enterprises.

The database table of taxes by category is now available for the first time also in English.


Source: National Accounts, Statistics Finland

Inquiries: Jukka Hytönen 09 1734 3484, financial.accounts@stat.fi

Director in charge: Ari Tyrkkö

Publication in pdf-format (254.5 kB)

Tables

Tables in databases

Appendix tables

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Updated 12.7.2012

Referencing instructions:

Official Statistics of Finland (OSF): Taxes and tax-like payments [e-publication].
ISSN=2341-6998. 2011. Helsinki: Statistics Finland [referred: 1.11.2014].
Access method: http://tilastokeskus.fi/til/vermak/2011/vermak_2011_2012-07-12_tie_001_en.html.

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