[ Nominal GDP in billions of USD ]
Year -
$253.48 billions
Finland GDP expanded from 1960 to 2009, increasing from $5.28 billion to $253.48 billion.The compound annual growth rate (CAGR) averaged 8.22% over the period. The economy recorded its peak level in 2008 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 37%, indicating the largest cyclical decline from peak levels. The country experienced 7 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2009 | 2024 |
| Latest GDP | $ 253.48 Billions | $ 367.42 Int Billions |
| Growth (YoY) | -11.277% | 3.761% |
| Net Change vs Previous Year | $ -32.22 Billion | $ 13.32 Int Billion |
| % of World GDP | 0.42% | 0.18% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 5.28 | - | - | - | - | - |
| 1961 | 5.98 | 0.7 | 13.353 % | - | - | - |
| 1962 | 6.41 | 0.42 | 7.074 % | - | - | - |
| 1963 | 6.96 | 0.55 | 8.601 % | - | - | - |
| 1964 | 7.85 | 0.89 | 12.79 % | - | - | - |
| 1965 | 8.68 | 0.83 | 10.593 % | - | - | - |
| 1966 | 9.31 | 0.63 | 7.209 % | - | - | - |
| 1967 | 9.47 | 0.16 | 1.742 % | - | - | - |
| 1968 | 8.92 | -0.55 | -5.827 % | - | - | - |
| 1969 | 10.18 | 1.26 | 14.142 % | - | - | - |
| 1970 | 11.36 | 1.18 | 11.604 % | - | - | - |
| 1971 | 12.53 | 1.17 | 10.301 % | - | - | - |
| 1972 | 14.74 | 2.22 | 17.687 % | - | - | - |
| 1973 | 19.47 | 4.73 | 32.077 % | - | - | - |
| 1974 | 24.85 | 5.38 | 27.611 % | - | - | - |
| 1975 | 29.48 | 4.62 | 18.608 % | - | - | - |
| 1976 | 31.85 | 2.38 | 8.065 % | - | - | - |
| 1977 | 33.5 | 1.65 | 5.182 % | - | - | - |
| 1978 | 36.26 | 2.76 | 8.228 % | - | - | - |
| 1979 | 44.47 | 8.21 | 22.642 % | - | - | - |
| 1980 | 53.65 | 9.18 | 20.645 % | - | - | - |
| 1981 | 52.44 | -1.21 | -2.255 % | - | - | - |
| 1982 | 52.78 | 0.34 | 0.656 % | - | - | - |
| 1983 | 50.96 | -1.83 | -3.462 % | - | - | - |
| 1984 | 52.87 | 1.91 | 3.757 % | - | - | - |
| 1985 | 55.86 | 2.99 | 5.647 % | - | - | - |
| 1986 | 73.51 | 17.65 | 31.608 % | - | - | - |
| 1987 | 91.56 | 18.05 | 24.559 % | - | - | - |
| 1988 | 109.04 | 17.47 | 19.084 % | - | - | - |
| 1989 | 118.99 | 9.95 | 9.127 % | - | - | - |
| 1990 | 141.45 | 22.45 | 18.871 % | 90.5 | - | - |
| 1991 | 127.79 | -13.65 | -9.652 % | 88.06 | -2.44 | -2.698 % |
| 1992 | 112.54 | -15.26 | -11.938 % | 87.08 | -0.98 | -1.108 % |
| 1993 | 89.11 | -23.43 | -20.816 % | 88.45 | 1.37 | 1.572 % |
| 1994 | 103.18 | 14.07 | 15.79 % | 93.92 | 5.47 | 6.184 % |
| 1995 | 134.06 | 30.88 | 29.925 % | 99.95 | 6.03 | 6.42 % |
| 1996 | 131.99 | -2.07 | -1.543 % | 102.84 | 2.89 | 2.891 % |
| 1997 | 126.86 | -5.13 | -3.886 % | 111.98 | 9.15 | 8.893 % |
| 1998 | 133.99 | 7.13 | 5.619 % | 121.47 | 9.49 | 8.471 % |
| 1999 | 135.23 | 1.24 | 0.928 % | 127.91 | 6.44 | 5.301 % |
| 2000 | 125.97 | -9.27 | -6.852 % | 138.63 | 10.73 | 8.387 % |
| 2001 | 129.52 | 3.55 | 2.82 % | 144.22 | 5.58 | 4.027 % |
| 2002 | 140.36 | 10.84 | 8.37 % | 148.72 | 4.5 | 3.121 % |
| 2003 | 171.61 | 31.25 | 22.265 % | 151.4 | 2.68 | 1.804 % |
| 2004 | 197.46 | 25.85 | 15.06 % | 163.09 | 11.69 | 7.724 % |
| 2005 | 204.86 | 7.4 | 3.748 % | 168.13 | 5.03 | 3.085 % |
| 2006 | 217.04 | 12.18 | 5.948 % | 181.37 | 13.25 | 7.879 % |
| 2007 | 256.36 | 39.32 | 18.114 % | 200.14 | 18.77 | 10.348 % |
| 2008 | 285.7 | 29.34 | 11.444 % | 212.97 | 12.83 | 6.409 % |
| 2009 | 253.48 | -32.22 | -11.277 % | 202.82 | -10.15 | -4.767 % |
| 2010 | - | - | - | 208.88 | 6.07 | 2.991 % |
| 2011 | - | - | - | 220.09 | 11.21 | 5.365 % |
| 2012 | - | - | - | 220.56 | 0.47 | 0.214 % |
| 2013 | - | - | - | 224.77 | 4.21 | 1.909 % |
| 2014 | - | - | - | 226.91 | 2.14 | 0.952 % |
| 2015 | - | - | - | 231.55 | 4.64 | 2.046 % |
| 2016 | - | - | - | 244.88 | 13.33 | 5.757 % |
| 2017 | - | - | - | 260.18 | 15.3 | 6.246 % |
| 2018 | - | - | - | 271.63 | 11.45 | 4.402 % |
| 2019 | - | - | - | 288.65 | 17.02 | 6.264 % |
| 2020 | - | - | - | 294.71 | 6.06 | 2.099 % |
| 2021 | - | - | - | 314.68 | 19.97 | 6.776 % |
| 2022 | - | - | - | 345.22 | 30.54 | 9.706 % |
| 2023 | - | - | - | 354.1 | 8.89 | 2.574 % |
| 2024 | - | - | - | 367.42 | 13.32 | 3.761 % |
Between 1960 to 2009, Finland experienced the following economic phases:
The most remarkable growth occurred in 1973 with an increase of 32.077%, while the largest decline was in 1993 at -20.816%.