The Social Security Rate in Finland stands at 32.52 percent.

Social Security Rate in Finland averaged 31.30 percent from 2000 until 2020, reaching an all time high of 33.94 percent in 2016 and a record low of 29.30 percent in 2009. This page provides - Finland Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Social Security Rate - values, historical data and charts - was last updated on October of 2020.

Social Security Rate in Finland is expected to reach 32.53 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Social Security Rate is projected to trend around 32.53 percent in 2021 and 32.52 percent in 2022, according to our econometric models.

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Finland Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
32.52 29.96 33.94 29.30 2000 - 2020 percent Yearly

Finland Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 61.80 20.00 percent [+]
Personal Income Tax Rate 56.95 53.75 62.20 49.00 percent [+]
Sales Tax Rate 24.00 24.00 24.00 22.00 percent [+]
Social Security Rate 32.52 29.96 33.94 29.30 percent [+]
Social Security Rate For Companies 20.76 20.17 26.47 20.17 percent [+]
Social Security Rate For Employees 11.76 9.79 11.76 6.30 percent [+]

Finland Social Security Rate
In Finland, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Finland because they help to pay for many social programs including welfare, health care and many other benefits.