Tax ratio as a percentage of gross domestic product (GDP) in Sweden 2009-2019

The tax ratio as a percentage of the gross domestic product (GDP) in Sweden increased from 2014 to 2018, but reached 42.9 percent in 2019. The gross domestic product in the country increased as well during the same period. In fact, it increased annually from 2009 to 2019, but the tax ratio as a share of the gross domestic product fluctuated over the past decade.

Increase in government revenues

     Both the gross domestic product and the tax revenue as a share of the gross domestic product increased in recent years. This generated a sharp increase in the central government revenue from 2015 to 2019 when the revenue reached over one trillion Swedish kronor all years.  

Central government income

   The largest source of the central government’s income came from tax from labor, direct or indirect. The direct taxes from labor generated higher amounts than the indirect tax from labor. In 2019, the direct taxes generated an income of 655.1 billion Swedish kronor, while the indirect taxes on labor generated 605.1 billion kronor.

Tax ratio as a percentage of gross domestic product (GDP) in current prices in Sweden from 2009 to 2019

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Source

Release date

August 2020

Region

Sweden

Survey time period

2009 to 2019

Supplementary notes

* Preliminary annual figures

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