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Finland

Tax-to-GDP Ratio: 42.2% (+6.6% vs OECD Average)

Data year: 2024

Fiscal Balance

Revenue
53.4% of GDP
Spending
57.8% of GDP
Deficit -4.3% of GDP
Gross Debt 85.3% of GDP

Budget Flow

Revenue Spending
Personal Income Tax (13.1%)Corporate Income Tax (2.6%)Social Security Contributions (11.8%)VAT / Sales Tax (9.4%)Property Taxes (1.5%)Other Taxes (4.0%)Borrowing (4.3%)Social Protection (25.7%)Health (7.6%)General Public Services (6.6%)Education (6.3%)Economic Affairs (4.6%)Recreation, Culture & Religion (1.7%)Defence (1.4%)Public Order & Safety (1.2%)Housing & Community (0.5%)Environmental Protection (0.2%)

Tax Revenue Breakdown

Total: 42.2% GDP

Compared to OECD Average

Tax Burden by Income Level

Tax Wedge by Income Level

Single, no children

Who Pays?

Individuals 59%
Corporations 6%
Other 35%

% of total tax revenue

67% of avg wage (low income)
35.7%
100% of avg wage (median)
41.9%
167% of avg wage (high income)
48.2%

Government Spending Breakdown

Social Protection
25.7%
#1/16
Old Age / Retirement
15.5%
#1/14
Family & Children
3.5%
#2/14
Sickness & Disability
3.3%
#7/14
Unemployment
1.6%
#2/14
Social Exclusion
0.9%
#7/14
Survivors
0.7%
#6/14
Housing Assistance
0.6%
#3/13
Other Social Protection
0.3%
#8/14
Health
7.6%
#10/17
Outpatient Services
3.5%
#1/14
Hospital Services
3.2%
#9/14
Medical Products & Equipment
0.7%
#9/14
Public Health Services
0.1%
#12/14
General Public Services
6.6%
#4/17
Public Debt Interest
1.6%
#6/14
Executive & Legislative
1.4%
#10/14
Education
6.3%
#3/17
Secondary
2.7%
#1/14
Tertiary
1.7%
#2/14
Pre-primary & Primary
1.5%
#10/14
Economic Affairs
4.6%
#13/17
Transport
2.8%
#6/14
General Economic & Labour
0.7%
#6/14
Recreation, Culture & Religion
1.7%
#2/17
Defence
1.4%
#10/17
Military Defence
1.3%
#6/12
Public Order & Safety
1.2%
#12/17
Housing & Community
0.5%
#13/17
Environmental Protection
0.2%
#16/16
% of GDP
vs others
Q1โ€“Q3 median Finland

What does the spending achieve?

Health Spending vs Life Expectancy

This country Other countries

Education Spending vs PISA Score

This country Other countries
Life Expectancy 81.7 years
Infant Mortality 1.8 per 1,000 births
PISA Average Score 495