Flag of fi

Finland Debt to GDP Ratio

Finland's government debt to GDP ratio hit a record 82.1% in 2024, up from 77.5% in 2023. This increase stems from slower nominal GDP growth compared to the euro area and persistent public expenditure. The general government deficit widened to an estimated 4.4% of GDP in 2024. Finland's record low government debt to GDP was 6.1% in 1976 and record high was 82.1% in 2024.

Yearly Historical Data (1975-2024)

(in %)
Year Debt to GDP Ratio
2024 82.1%
2023 77.5%
2022 74%
2021 73.2%
2020 75.4%
2019 65.3%
2018 65.4%
2017 66.6%
2016 68.6%
2015 68.8%
2014 64.5%
2013 60.6%
2012 57.7%
2011 51.9%
2010 50.1%
2009 44.1%
2008 34.7%
2007 36%
2006 40.2%
2005 42.1%
2004 44.9%
2003 45.1%
2002 42.6%
2001 43.4%
2000 45.1%
1999 44.1%
1998 46.8%
1997 52.2%
1996 55.3%
1995 55.2%
1994 56.1%
1993 54.1%
1992 39.2%
1991 21.9%
1990 13.8%
1989 14.2%
1988 16.5%
1987 17.6%
1986 16.4%
1985 15.8%
1984 15.1%
1983 15.3%
1982 13.8%
1981 11.5%
1980 11.2%
1979 11.1%
1978 11%
1977 7.8%
1976 6.1%
1975 6.5%
Finland Debt to GDP Ratio : Definition
Finland's government debt to GDP shows its debt relative to its economy. It is calculated by dividing total government debt by the nation's Gross Domestic Product. A lower ratio suggests better debt management.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -0.7% -0.9% Dec'24
Private Credit (% GDP) 91.68% 93.29% 2024