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Finland GDP Annual Growth Rate

Finland's GDP annual growth rate rose to -0.15% in 2024, up from -0.95% in 2023, according to World Bank. This represents an increase of 0.8% from the previous year. Finland has GDP annual growth rate lower than the global median (-0.15% vs median 3.24%). Compared with the median in Europe, Finland is lower (-0.15% vs regional median 2.10%) and ranks 42nd out of 47 countries in Europe.

Finland's real GDP fell to $252.86 billion in 2024, down from $253.25 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 -0.15%
2023 -0.95%
2022 0.76%
2021 2.68%
2020 -2.49%
2019 1.35%
2018 1.19%
2017 3.3%
2016 2.57%
2015 0.47%
2014 -0.48%
2013 -0.98%
2012 -1.52%
2011 2.39%
2010 3.17%
2009 -8.08%
2008 0.78%
2007 5.31%
2006 4.02%
2005 2.78%
2004 4.01%
2003 2.01%
2002 1.69%
2001 2.64%
2000 5.75%
1999 4.39%
1998 5.45%
1997 6.4%
1996 3.66%
1995 4.23%
1994 3.96%
1993 -0.78%
1992 -3.31%
1991 -5.88%
1990 0.69%
1989 5.08%
1988 5.23%
1987 3.56%
1986 2.76%
1985 3.54%
1984 3.23%
1983 3.1%
1982 3.09%
1981 1.29%
1980 5.39%
1979 7.12%
1978 2.92%
1977 0.24%
1976 0.34%
1975 1.8%
1974 3.24%
1973 6.98%
1972 7.74%
1971 2.36%
1970 7.47%
1969 9.59%
1968 2.3%
1967 2.17%
1966 2.37%
1965 5.3%
1964 5.24%
1963 3.29%
1962 2.98%
1961 7.6%
Finland GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Finland's total economic output.
Indicator Last Value Prior Value Period
GDP $299.84B $294.95B 2024
GDP Growth Rate (QoQ) -0.4% 0% Jun'25
GDP Growth Rate (YoY) 0% 1% Jun'25
GDP per Capita $44,855.33 $45,353.45 2024
GDP per Capita PPP $55,628.68 $56,246.44 2024
R&D Expenditure (% GDP) 2.96% 2.99% 2022
Real GDP $252.86B $253.25B 2024