Finland recorded a Government Debt to GDP of 82.10 percent of the country's Gross Domestic Product in 2024. This dataset provides - Finland Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) of Finland was estimated at about 82.53 percent in 2024. Between 1980 and 2024, the ratio rose by approximately 71.64 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by around 7.98 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Key information about Finland Government Debt: % of GDP

• Finland Government debt accounted for 82.1 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 82.0 % in the previous quarter.
• Finland government debt to GDP ratio data is updated quarterly, available from Mar 2000 to Dec 2024.
• The data reached an all-time high of 82.1 % in Dec 2024 and a record low of 30.7 % in Sep 2008.

• In the latest reports, Finland National Government Debt reached 234.7 USD bn in Dec 2024.
• The country's Nominal GDP reached 74.8 USD bn in Mar 2023.

From 2013 to 2015, the general government gross debt (national debt) relative to GDP in Finland increased significantly each year, reaching a high of 68.3 percent in 2015. Thereafter, the national debt to GDP ratio decreased again. In 2023, the ratio of government debt to GDP reached 75.8 percent according to preliminary data.

From 2013 to 2015, the central government debt relative to GDP steadily increased in Finland, reaching a high of 57 percent in 2015. Thereafter, the central government debt to GDP ratio declined, but peaking at 63.1 percent again in 2023. At the same time, the financial position of local government continued to weaken, and as of 2023, the debt in relation to GDP reached 12.7 percent.

FI: Gross Public Debt: % of GDP: Central Government: Debt Securities data was reported at 45.345 % in Jun 2018. This records a decrease from the previous number of 45.676 % for Mar 2018. FI: Gross Public Debt: % of GDP: Central Government: Debt Securities data is updated quarterly, averaging 39.354 % from Mar 2000 (Median) to Jun 2018, with 74 observations. The data reached an all-time high of 51.852 % in Mar 2000 and a record low of 24.133 % in Sep 2008. FI: Gross Public Debt: % of GDP: Central Government: Debt Securities data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Finland – Table FI.World Bank.QPSD: Gross Public Debt: % of GDP: Central Government.

Finland: Government debt as percent of GDP: The latest value from 2023 is 75.8 percent, an increase from 73.5 percent in 2022. In comparison, the world average is 61.85 percent, based on data from 137 countries. Historically, the average for Finland from 1975 to 2023 is 40 percent. The minimum value, 6.1 percent, was reached in 1976 while the maximum of 75.8 percent was recorded in 2023.

The ratio of national debt to gross domestic product (GDP) of Finland was estimated at about 82.53 percent in 2024. Between 1980 and 2024, the ratio rose by approximately 71.64 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by around 7.98 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

FI: Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits, Other Account Payable data was reported at 52.814 % in Jun 2018. This records a decrease from the previous number of 52.942 % for Mar 2018. FI: Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits, Other Account Payable data is updated quarterly, averaging 42.786 % from Mar 1995 (Median) to Jun 2018, with 94 observations. The data reached an all-time high of 57.787 % in Mar 2000 and a record low of 0.000 % in Dec 1999. FI: Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits, Other Account Payable data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Finland – Table FI.World Bank.QPSD: Gross Public Debt: % of GDP: Central Government.

This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Finland FI: Gross Public Debt: % of GDP: Central Government: Other Accounts Payable data was reported at 2.001 % in Mar 2018. This records an increase from the previous number of 1.825 % for Dec 2017. Finland FI: Gross Public Debt: % of GDP: Central Government: Other Accounts Payable data is updated quarterly, averaging 1.358 % from Mar 2000 (Median) to Mar 2018, with 73 observations. The data reached an all-time high of 2.598 % in Mar 2017 and a record low of 0.813 % in Sep 2008. Finland FI: Gross Public Debt: % of GDP: Central Government: Other Accounts Payable data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Finland – Table FI.World Bank: QPSD: Gross Public Debt: % of GDP: Central Government.

In 2024, Finland had the highest debt rate of the Nordic countries, followed by Iceland. In 2011, Iceland's debt rate was over *** percent of the country's gross domestic product (GDP), but it had decreased to ** percent in 2024. Finland's debt rate, on the other hand, increased from ** percent in 2010 to ** percent in 2024. Debt rates of the three other Nordic countries were more stable, and were between ** and ** percent in 2024.

Finland FI: Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, SDRs, Currency and Deposits data was reported at 59.510 % in Jun 2018. This records a decrease from the previous number of 59.951 % for Mar 2018. Finland FI: Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, SDRs, Currency and Deposits data is updated quarterly, averaging 41.255 % from Mar 1995 (Median) to Jun 2018, with 94 observations. The data reached an all-time high of 64.184 % in Mar 2016 and a record low of 0.000 % in Dec 1999. Finland FI: Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, SDRs, Currency and Deposits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Finland – Table FI.World Bank: QPSD: Gross Public Debt: % of GDP: General Government.

In 2023, the general government deficit of Finland was measured at 2.7 percent relative to gross domestic product (GDP). From 2013 onwards, the government budget has remained clearly in deficit. The general government debt relative to GDP peaked at 75.8 percent in 2023.

Finland FI: Gross Public Debt: % of GDP: General Government: Short Term: Debt Securities data was reported at 2.018 % in Mar 2018. This records a decrease from the previous number of 3.884 % for Dec 2017. Finland FI: Gross Public Debt: % of GDP: General Government: Short Term: Debt Securities data is updated quarterly, averaging 3.145 % from Mar 2000 (Median) to Mar 2018, with 73 observations. The data reached an all-time high of 6.695 % in Dec 2009 and a record low of 0.424 % in Mar 2006. Finland FI: Gross Public Debt: % of GDP: General Government: Short Term: Debt Securities data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Finland – Table FI.World Bank: QPSD: Gross Public Debt: % of GDP: General Government.

The gross domestic product (GDP) of Finland was 273 billion euros in 2023, an increase of around 7.2 billion euros compared with the previous year. Finland's GDP showed an upward trend from the early 2000’s until 2009, when the economy was strongly hit by the global financial crisis. Thereafter, the Finnish economy stagnated, and the GDP slowly resumed its growth. However, after a three-year recession between 2012 and 2014, the GDP growth rates remained relatively weak. Slow recovery after the financial crisis As a small open economy, Finland was severely affected by the 2008-2009 global financial crisis. While all euro-countries fell into recession in the early stages of the crisis, the recovery of the Finnish economy has been tardy, remaining below the EU average. Finland’s GDP drop in 2009 was the worst since the ‘great depression’ of the early 1990’s, from which the Finnish economy recovered relatively fast because of the strong Nokia-led ICT industry. By 2009, the backbones of Finnish economy, forest and ICT industry, had started to encounter difficulties in foreign trade. This declining value of foreign trade coupled with weaker international business conditions resulted in economic stagnation. Challenging outlook According to economic forecasts, the Finnish economy is expected to experience a slow growth rate of the GDP in the upcoming years. In recent years, the economic growth has been stronger, although Finland is still catching up to other similar EU countries in productivity, household income, and employment rate. Traditionally, the country’s strengths have been high-level education and skilled workforce, openness to investments, as well as stable institutions. However, the population is ageing and the public debt has risen almost 30 percent between 2008 and 2019. The future outlook is further challenged by the economic crisis caused by the coronavirus (COVID-19) pandemic.

FI: Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year data was reported at 50.889 % in Mar 2018. This records an increase from the previous number of 50.022 % for Dec 2017. FI: Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year data is updated quarterly, averaging 40.590 % from Mar 2000 (Median) to Mar 2018, with 73 observations. The data reached an all-time high of 56.051 % in Mar 2000 and a record low of 26.113 % in Sep 2008. FI: Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Finland – Table FI.World Bank: QPSD: Gross Public Debt: % of GDP: Central Government.

PROJECT DESCRIPTION: Replication package for Sabate, Marcela; Fillat, Carmen; Escario, Regina: “Budget deficits and money creation: Exploring their relation before Bretton Woods”, to be published in Explorations in Economic History (accepted December 2018). Panel of seventeen countries from 1870 to 1938. Ten countries are sometimes-floaters before the WWI: Argentina, Bulgaria, Brazil, Chile, Greece, Italy, Japan, Portugal, Romania and Spain. Seven countries are never-floaters before the WWI: Canada, Finland, the Netherlands, Norway, Sweden, the UK and the USA. Equation8.dta (Stata format): Data of public budget, monetary base and nominal GDP. Replication program Equation 8 offers a dynamic heterogeneous estimation of variations in the monetary base on the budget balance. Equation9.dta (Stata format): Data of variations in the monetary base, real GDP per capita( in 1990 Geary-Khamis dollars), average of public spending level , standard deviation of public spending levels, ratio of debt to nominal GDP and number of cabinet changes per year. Replication program Equation 9 offers a dynamic panel estimation of variations in the monetary base on the rest of variables. Abstract of the paper: The sovereign debt crisis in the Eurozone has rekindled the use of the North-South (core-periphery) terminology to refer to the heterogeneity of countries belonging to the Economic and Monetary Union (EMU). In the gold standard literature, this geographical partition had already been employed to oppose the fiscal profligacy and subsequent problems of convertibility of southern countries against the fiscal probity and long convertibility records of their northern counterparts. We provide statistical evidence that the group of countries that, with available data for 1870-1938, exhibited convertibility problems during the classical gold standard, for this reason called the pre-WWI sometimes-floaters, shared a pattern of fiscal dominance. This finding for the sometimes-floaters (southern European and South American countries plus Japan) differs from the non-fiscal dominance pattern that we obtain for the pre-WWI never-floaters (northern Europe and North America countries) when the Great War and its aftermath years are omitted. We also show that the presence of fiscal dominance was partly due to the lower levels of tax efficiency and political stability in the South.

Finland FI: Gross Public Debt: % of GDP: Central Government: Currency and Deposits data was reported at 0.316 % in Jun 2018. This records a decrease from the previous number of 0.318 % for Mar 2018. Finland FI: Gross Public Debt: % of GDP: Central Government: Currency and Deposits data is updated quarterly, averaging 0.239 % from Mar 2000 (Median) to Jun 2018, with 74 observations. The data reached an all-time high of 0.419 % in Sep 2017 and a record low of 0.126 % in Mar 2002. Finland FI: Gross Public Debt: % of GDP: Central Government: Currency and Deposits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Finland – Table FI.World Bank.QPSD: Gross Public Debt: % of GDP: Central Government.

Finland FI: Gross Public Debt: % of GDP: General Government: Debt Securities data was reported at 46.973 % in Jun 2018. This records an increase from the previous number of 46.857 % for Mar 2018. Finland FI: Gross Public Debt: % of GDP: General Government: Debt Securities data is updated quarterly, averaging 37.378 % from Mar 2000 (Median) to Jun 2018, with 74 observations. The data reached an all-time high of 49.492 % in Mar 2016 and a record low of 22.839 % in Sep 2008. Finland FI: Gross Public Debt: % of GDP: General Government: Debt Securities data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Finland – Table FI.World Bank: QPSD: Gross Public Debt: % of GDP: General Government.