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Published: 11 July 2013

Tax ratio 44.1 per cent in 2012

The tax ratio was 44.1 in 2012 and increased for the second year in a row. The tax ratio describes the ratio of taxes and compulsory social security contributions to gross domestic product. In 2011, the tax ratio was 43.7 per cent. The accrual of taxes and compulsory social security contributions grew by 3.0 per cent in 2012. The total accrual amounted to EUR 84.9 billion. The tax ratio for 2012 went up by 0.5 percentage points 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. These data are based on the revised national accounts data for 2012.

Taxes and compulsory social security contributions by sector, 2011–2012 ¹⁾

Sector	Year	Million euro	Ratio to GDP, %
S13+S212 Total	2011	82 416	43,7
	2012	84 878	44,1
S1311 Central Government	2011	39 299	20,8
	2012	40 093	20,8
S1313 Local Government	2011	19 166	10,2
	2012	19 359	10,1
S1314 Social Security Funds	2011	23 761	12,6
	2012	25 241	13,1
S212 European Union	2011	190	0,1
	2012	185	0,1

1) Preliminary data

The revenue from households' income tax rose by 3.2 per cent and totalled approximately EUR 24.8 billion. The value added tax revenue grew by 3.6 per cent and was EUR 17.6 billion. The revenue from employers' employment pension contributions increased by 4.0 per cent. Employment pension contributions by the insured grew by 12.7 per cent. The corporation tax revenue decreased by EUR 0.9 billion from last year. The decrease in corporation tax revenue was affected by, for instance, a drop in the tax rate in 2012.

The tax revenue of the state totalled EUR 40.1 billion, which is 2.0 per cent more than one year previously. The tax accrual of municipalities grew by one per cent and was EUR 19.4 billion. Social security funds accrued compulsory social security contributions to the tune of EUR 25.2 billion, or 6.2 per cent more than one year earlier. Only social security funds' accrual of taxes and contributions grew relative to GDP.

Net tax ratio decreased to 18.3 per cent from 18.8 per cent the year before. The net tax ratio is calculated by deducting the subsidies, and current and capital transfers paid by general government to households and enterprises from the tax ratio.

Source: National Accounts, Statistics Finland

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

Director in charge: Leena Storgårds

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Appendix tables

• Appendix table 1. Taxes by sector and tax category, 2011 - 2012 1) (11.7.2013)
• Appendix table 2. Net tax ratio and public transfers, 1975 - 2012 1) (11.7.2013)

Figures

• Appendix figure 1. Tax ratio, 1980 - 2012* (11.7.2013)

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Updated 11.7.2013