Financing of social security benefits in OECD member countries — Tax in Finland
Finland: Financing of social security benefits in OECD member countries — Tax was 11.75 Percentage of GDP in 2024. ▲ Rising
Latest (2024)
11.75 Percentage of GDP
Change on year
down 5.4%
World rank
13th
of 33 countries
All-time high
14.46 Percentage of GDP
in 1994
All-time low
2.05 Percentage of GDP
in 1965
Years of data
60
1965–2024
Financing of social security benefits in OECD member countries — Tax in Finland, 1965–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for financing of social security benefits in oecd member countries — tax in Finland is 11.75 Percentage of GDP, measured in 2024.
The figure is down 5.4% on the previous year and down 7.0% over ten years.
Over the whole period, financing of social security benefits in oecd member countries — tax in Finland peaked at 14.46 Percentage of GDP in 1994 and was at its lowest, 2.05 Percentage of GDP, in 1965.
That places Finland 13th out of 33 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 60 years of available data.
Financing of social security benefits in OECD member countries — Tax in Finland, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1965 | 2.05 Percentage of GDP | — |
| 1966 | 2.06 Percentage of GDP | +0.4% |
| 1967 | 2.43 Percentage of GDP | +18.0% |
| 1968 | 2.48 Percentage of GDP | +2.2% |
| 1969 | 2.54 Percentage of GDP | +2.5% |
| 1970 | 2.79 Percentage of GDP | +9.5% |
| 1971 | 3.92 Percentage of GDP | +40.8% |
| 1972 | 4.23 Percentage of GDP | +7.9% |
| 1973 | 4.82 Percentage of GDP | +13.9% |
| 1974 | 4.69 Percentage of GDP | -2.7% |
| 1975 | 7.39 Percentage of GDP | +57.4% |
| 1976 | 7.92 Percentage of GDP | +7.2% |
| 1977 | 8.43 Percentage of GDP | +6.5% |
| 1978 | 7.36 Percentage of GDP | -12.7% |
| 1979 | 7.74 Percentage of GDP | +5.2% |
| 1980 | 8.25 Percentage of GDP | +6.5% |
| 1981 | 8.48 Percentage of GDP | +2.8% |
| 1982 | 7.91 Percentage of GDP | -6.7% |
| 1983 | 7.53 Percentage of GDP | -4.8% |
| 1984 | 7.83 Percentage of GDP | +3.9% |
| 1985 | 8.6 Percentage of GDP | +9.8% |
| 1986 | 8.74 Percentage of GDP | +1.7% |
| 1987 | 8.71 Percentage of GDP | -0.4% |
| 1988 | 9.51 Percentage of GDP | +9.2% |
| 1989 | 9.62 Percentage of GDP | +1.2% |
| 1990 | 11.01 Percentage of GDP | +14.4% |
| 1991 | 12.35 Percentage of GDP | +12.2% |
| 1992 | 13.13 Percentage of GDP | +6.3% |
| 1993 | 13.84 Percentage of GDP | +5.4% |
| 1994 | 14.46 Percentage of GDP | +4.5% |
| 1995 | 13.73 Percentage of GDP | -5.0% |
| 1996 | 13.23 Percentage of GDP | -3.7% |
| 1997 | 12.43 Percentage of GDP | -6.1% |
| 1998 | 12.22 Percentage of GDP | -1.7% |
| 1999 | 12.17 Percentage of GDP | -0.4% |
| 2000 | 11.55 Percentage of GDP | -5.1% |
| 2001 | 11.6 Percentage of GDP | +0.5% |
| 2002 | 11.48 Percentage of GDP | -1.1% |
| 2003 | 11.31 Percentage of GDP | -1.5% |
| 2004 | 11.19 Percentage of GDP | -1.0% |
| 2005 | 11.46 Percentage of GDP | +2.5% |
| 2006 | 11.73 Percentage of GDP | +2.3% |
| 2007 | 11.43 Percentage of GDP | -2.5% |
| 2008 | 11.5 Percentage of GDP | +0.6% |
| 2009 | 12.14 Percentage of GDP | +5.5% |
| 2010 | 12.04 Percentage of GDP | -0.8% |
| 2011 | 12.03 Percentage of GDP | -0.1% |
| 2012 | 12.61 Percentage of GDP | +4.8% |
| 2013 | 12.6 Percentage of GDP | -0.1% |
| 2014 | 12.64 Percentage of GDP | +0.3% |
| 2015 | 12.67 Percentage of GDP | +0.3% |
| 2016 | 12.81 Percentage of GDP | +1.1% |
| 2017 | 12.02 Percentage of GDP | -6.2% |
| 2018 | 11.92 Percentage of GDP | -0.8% |
| 2019 | 11.86 Percentage of GDP | -0.5% |
| 2020 | 11.56 Percentage of GDP | -2.6% |
| 2021 | 12.13 Percentage of GDP | +5.0% |
| 2022 | 12.01 Percentage of GDP | -1.1% |
| 2023 | 12.43 Percentage of GDP | +3.5% |
| 2024 | 11.75 Percentage of GDP | -5.4% |
Finland compared with similar countries
- Finland's 11.75 Percentage of GDP is above the median for Europe & Central Asia, which is 11.61 Percentage of GDP, 1.0× the median. (25 countries reporting)
- Finland's 11.75 Percentage of GDP is above the median for high income countries, which is 10.73 Percentage of GDP, 1.1× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Financing of social security benefits in OECD member countries — Tax 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 |
|---|---|---|---|
| 1975 | +57.4% | 4.69 Percentage of GDP | 7.39 Percentage of GDP |
| 1971 | +40.8% | 2.79 Percentage of GDP | 3.92 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.31 Percentage of GDP | 2.05 Percentage of GDP | 2.54 Percentage of GDP | 5 |
| 1970s | 5.93 Percentage of GDP | 2.79 Percentage of GDP | 8.43 Percentage of GDP | 10 |
| 1980s | 8.52 Percentage of GDP | 7.53 Percentage of GDP | 9.62 Percentage of GDP | 10 |
| 1990s | 12.86 Percentage of GDP | 11.01 Percentage of GDP | 14.46 Percentage of GDP | 10 |
| 2000s | 11.54 Percentage of GDP | 11.19 Percentage of GDP | 12.14 Percentage of GDP | 10 |
| 2010s | 12.32 Percentage of GDP | 11.86 Percentage of GDP | 12.81 Percentage of GDP | 10 |
| 2020s | 11.98 Percentage of GDP | 11.56 Percentage of GDP | 12.43 Percentage of GDP | 5 |
Countries ranked near Finland
More economy & growth data for Finland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.48 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.51 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 6.68 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0211 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,183 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -285.87 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -103.27 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -50.63 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 24.81 % change on previous year (2025)
Frequently asked questions
- What is financing of social security benefits in oecd member countries — tax in Finland?
- Financing of social security benefits in oecd member countries — tax in Finland was 11.75 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest financing of social security benefits in oecd member countries — tax recorded in Finland?
- The highest recorded value was 14.46 Percentage of GDP in 1994.
- What is the lowest financing of social security benefits in oecd member countries — tax recorded in Finland?
- The lowest recorded value was 2.05 Percentage of GDP in 1965.
- How does Finland rank for financing of social security benefits in oecd member countries — tax?
- Finland ranks 13th out of 33 countries with data for 2024.
- Is financing of social security benefits in oecd member countries — tax rising or falling in Finland?
- Over the last ten years it is down 7.0%. The long-run trend across the full record is rising.
- Where does this Finland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Financing of social security benefits in OECD member countries — Tax revenue. Statizoid updates them automatically from the source API.
Download this data
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About this data
Compulsory payments conferring entitlement to future social benefits These are usually earmarked to finance social benefits and paid to institutions of general government.