Finland's GDP changed from approximately $53B 714M in 1980 to $308B 55M in 2024, showing an overall 473.5% sharply increased during the period.
The lowest GDP was recorded in 1983 at $51B 56M, and the highest in 2024 at $308B 55M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.0%.
For comparison, the average annual growth rate of Sweden was 3.4%, and that of Russia was 11.1%.
Finland GDP from 1980 to 2024
The total market value of goods and services produced annually in Finland.
Overview of Finland's GDP (1980–2024)
The Gross Domestic Product (GDP) of Finland recorded a 473.5% sharply increased from 1980 to 2024.
The average GDP during this period was $177B 761M, and the median was $141B 718M.
GDP fluctuated within a range of $256B 999M, with a standard deviation of $85B 262M.
The average annual change was $6B 221M.
Highest and Lowest GDP Records
- Lowest GDP: 1983, $51B 56M
- Highest GDP: 2024, $308B 55M
- Most Recent GDP: 2024, $308B 55M
Notable Annual GDP Changes
- 2007: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Finland's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $268B 545M → $271B 668M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $256B 408M → $253B 222M
- Outcome: declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $126B 75M → $129B 533M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $127B 76M → $134B 211M
- Outcome: increased
Key Economic Indicators of Finland (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 5.673 % | $ 53B 714M | $ 45B 541M | $ 11,257.80 | $ 9,544.89 | 28.77 % | 4M 771K people | -2.612 % | 1.829 % |
1981 | 1.294 % | $ 52B 620M | $ 50B 495M | $ 10,990.45 | $ 10,546.67 | 27.70 % | 4M 788K people | -0.909 % | 3.629 % |
1982 | 3.087 % | $ 53B 111M | $ 55B 271M | $ 11,036.94 | $ 11,485.67 | 26.30 % | 4M 812K people | -1.738 % | 1.313 % |
1983 | 3.122 % | $ 51B 56M | $ 59B 228M | $ 10,545.06 | $ 12,232.92 | 26.12 % | 4M 842K people | -2.202 % | -0.654 % |
1984 | 3.213 % | $ 53B 32M | $ 63B 338M | $ 10,889.93 | $ 13,006.09 | 26.90 % | 4M 870K people | -0.039 % | 1.677 % |
1985 | 3.537 % | $ 56B 223M | $ 67B 652M | $ 11,488.75 | $ 13,824.10 | 26.11 % | 4M 894K people | -1.434 % | 1.582 % |
1986 | 2.726 % | $ 73B 652M | $ 70B 895M | $ 14,998.34 | $ 14,436.98 | 25.66 % | 4M 911K people | -0.941 % | 2.183 % |
1987 | 3.559 % | $ 91B 775M | $ 75B 238M | $ 18,632.08 | $ 15,274.72 | 25.19 % | 4M 926K people | -1.887 % | -0.287 % |
1988 | 5.211 % | $ 109B 255M | $ 81B 950M | $ 22,122.56 | $ 16,593.76 | 27.50 % | 4M 939K people | -2.466 % | 3.871 % |
1989 | 5.087 % | $ 119B 106M | $ 89B 496M | $ 24,040.64 | $ 18,064.05 | 27.34 % | 4M 954K people | -4.867 % | 5.765 % |
1990 | 0.211 % | $ 141B 718M | $ 93B 41M | $ 28,489.57 | $ 18,704.10 | 25.09 % | 4M 974K people | -5.052 % | 4.748 % |
1991 | -5.886 % | $ 128B 193M | $ 90B 526M | $ 25,646.58 | $ 18,110.80 | 18.74 % | 4M 998K people | -5.356 % | -1.718 % |
1992 | -3.295 % | $ 113B 134M | $ 89B 539M | $ 22,496.24 | $ 17,804.53 | 16.41 % | 5M 29K people | -4.663 % | -6.866 % |
1993 | -0.662 % | $ 89B 279M | $ 91B 54M | $ 17,661.59 | $ 18,012.79 | 17.12 % | 5M 55K people | -1.461 % | -8.524 % |
1994 | 3.964 % | $ 103B 739M | $ 96B 685M | $ 20,429.39 | $ 19,040.32 | 20.58 % | 5M 78K people | 0.821 % | -5.417 % |
1995 | 4.217 % | $ 134B 339M | $ 102B 875M | $ 26,347.51 | $ 20,176.41 | 24.11 % | 5M 99K people | 3.829 % | -5.198 % |
1996 | 3.667 % | $ 132B 183M | $ 108B 600M | $ 25,833.03 | $ 21,224.03 | 23.70 % | 5M 117K people | 3.515 % | -2.016 % |
1997 | 6.334 % | $ 127B 76M | $ 117B 470M | $ 24,759.98 | $ 22,888.32 | 26.45 % | 5M 132K people | 4.752 % | 0.396 % |
1998 | 5.457 % | $ 134B 211M | $ 125B 273M | $ 26,074.07 | $ 24,337.40 | 27.67 % | 5M 147K people | 4.706 % | 3.063 % |
1999 | 4.38 % | $ 135B 398M | $ 132B 610M | $ 26,241.80 | $ 25,701.32 | 27.20 % | 5M 160K people | 4.845 % | 2.964 % |