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%.
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.
Finland GDP from 1980 to 2024
The total market value of goods and services produced annually in Finland.
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 53B 714M | $ 11,257.80 | $ 9,544.89 | $ 45B 541M | 5.673 % | -2.612 % | 28.77 % | 1.829 % | 4M 771K people |
1981 | $ 52B 620M | $ 10,990.45 | $ 10,546.67 | $ 50B 495M | 1.294 % | -0.909 % | 27.70 % | 3.629 % | 4M 788K people |
1982 | $ 53B 111M | $ 11,036.94 | $ 11,485.67 | $ 55B 271M | 3.087 % | -1.738 % | 26.30 % | 1.313 % | 4M 812K people |
1983 | $ 51B 56M | $ 10,545.06 | $ 12,232.92 | $ 59B 228M | 3.122 % | -2.202 % | 26.12 % | -0.654 % | 4M 842K people |
1984 | $ 53B 32M | $ 10,889.93 | $ 13,006.09 | $ 63B 338M | 3.213 % | -0.039 % | 26.90 % | 1.677 % | 4M 870K people |
1985 | $ 56B 223M | $ 11,488.75 | $ 13,824.10 | $ 67B 652M | 3.537 % | -1.434 % | 26.11 % | 1.582 % | 4M 894K people |
1986 | $ 73B 652M | $ 14,998.34 | $ 14,436.98 | $ 70B 895M | 2.726 % | -0.941 % | 25.66 % | 2.183 % | 4M 911K people |
1987 | $ 91B 775M | $ 18,632.08 | $ 15,274.72 | $ 75B 238M | 3.559 % | -1.887 % | 25.19 % | -0.287 % | 4M 926K people |
1988 | $ 109B 255M | $ 22,122.56 | $ 16,593.76 | $ 81B 950M | 5.211 % | -2.466 % | 27.50 % | 3.871 % | 4M 939K people |
1989 | $ 119B 106M | $ 24,040.64 | $ 18,064.05 | $ 89B 496M | 5.087 % | -4.867 % | 27.34 % | 5.765 % | 4M 954K people |
1990 | $ 141B 718M | $ 28,489.57 | $ 18,704.10 | $ 93B 41M | 0.211 % | -5.052 % | 25.09 % | 4.748 % | 4M 974K people |
1991 | $ 128B 193M | $ 25,646.58 | $ 18,110.80 | $ 90B 526M | -5.886 % | -5.356 % | 18.74 % | -1.718 % | 4M 998K people |
1992 | $ 113B 134M | $ 22,496.24 | $ 17,804.53 | $ 89B 539M | -3.295 % | -4.663 % | 16.41 % | -6.866 % | 5M 29K people |
1993 | $ 89B 279M | $ 17,661.59 | $ 18,012.79 | $ 91B 54M | -0.662 % | -1.461 % | 17.12 % | -8.524 % | 5M 55K people |
1994 | $ 103B 739M | $ 20,429.39 | $ 19,040.32 | $ 96B 685M | 3.964 % | 0.821 % | 20.58 % | -5.417 % | 5M 78K people |
1995 | $ 134B 339M | $ 26,347.51 | $ 20,176.41 | $ 102B 875M | 4.217 % | 3.829 % | 24.11 % | -5.198 % | 5M 99K people |
1996 | $ 132B 183M | $ 25,833.03 | $ 21,224.03 | $ 108B 600M | 3.667 % | 3.515 % | 23.70 % | -2.016 % | 5M 117K people |
1997 | $ 127B 76M | $ 24,759.98 | $ 22,888.32 | $ 117B 470M | 6.334 % | 4.752 % | 26.45 % | 0.396 % | 5M 132K people |
1998 | $ 134B 211M | $ 26,074.07 | $ 24,337.40 | $ 125B 273M | 5.457 % | 4.706 % | 27.67 % | 3.063 % | 5M 147K people |
1999 | $ 135B 398M | $ 26,241.80 | $ 25,701.32 | $ 132B 610M | 4.38 % | 4.845 % | 27.20 % | 2.964 % | 5M 160K people |