[ Nominal GDP in billions of USD ]
Year -
$298.70 billions
Finland GDP expanded from 1960 to 2024, increasing from $5.28 billion to $298.70 billion.The compound annual growth rate (CAGR) averaged 6.51% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 37%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 298.70 Billions | $ 361.30 Int Billions |
| Growth (YoY) | 1.246% | 5.015% |
| Net Change vs Previous Year | $ 3.68 Billion | $ 17.26 Int Billion |
| % of World GDP | 0.27% | 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 | 22.46 | 18.871 % | 90.43 | - | - |
| 1991 | 127.79 | -13.65 | -9.652 % | 87.99 | -2.44 | -2.693 % |
| 1992 | 112.54 | -15.26 | -11.938 % | 87.02 | -0.97 | -1.102 % |
| 1993 | 89.11 | -23.43 | -20.816 % | 88.39 | 1.37 | 1.572 % |
| 1994 | 103.18 | 14.07 | 15.79 % | 93.86 | 5.47 | 6.184 % |
| 1995 | 134.06 | 30.88 | 29.925 % | 99.88 | 6.03 | 6.42 % |
| 1996 | 131.99 | -2.07 | -1.543 % | 102.8 | 2.92 | 2.92 % |
| 1997 | 126.86 | -5.13 | -3.886 % | 111.96 | 9.16 | 8.908 % |
| 1998 | 133.99 | 7.13 | 5.619 % | 121.46 | 9.5 | 8.489 % |
| 1999 | 135.23 | 1.24 | 0.928 % | 127.91 | 6.45 | 5.308 % |
| 2000 | 125.97 | -9.27 | -6.852 % | 138.6 | 10.7 | 8.363 % |
| 2001 | 129.52 | 3.55 | 2.82 % | 144.23 | 5.63 | 4.06 % |
| 2002 | 140.36 | 10.84 | 8.37 % | 148.72 | 4.49 | 3.11 % |
| 2003 | 171.61 | 31.25 | 22.265 % | 151.42 | 2.7 | 1.816 % |
| 2004 | 197.46 | 25.85 | 15.06 % | 163.12 | 11.7 | 7.724 % |
| 2005 | 204.86 | 7.4 | 3.748 % | 168.13 | 5.01 | 3.071 % |
| 2006 | 217.04 | 12.19 | 5.948 % | 181.41 | 13.29 | 7.902 % |
| 2007 | 256.36 | 39.32 | 18.114 % | 200.15 | 18.74 | 10.328 % |
| 2008 | 285.7 | 29.34 | 11.444 % | 212.97 | 12.82 | 6.405 % |
| 2009 | 253.48 | -32.22 | -11.277 % | 202.71 | -10.26 | -4.817 % |
| 2010 | 249.43 | -4.05 | -1.598 % | 208.91 | 6.2 | 3.057 % |
| 2011 | 275.13 | 25.7 | 10.302 % | 220.09 | 11.18 | 5.353 % |
| 2012 | 257.44 | -17.68 | -6.428 % | 220.56 | 0.47 | 0.214 % |
| 2013 | 270.27 | 12.83 | 4.982 % | 224.77 | 4.21 | 1.909 % |
| 2014 | 273.48 | 3.21 | 1.188 % | 226.91 | 2.14 | 0.952 % |
| 2015 | 233.21 | -40.27 | -14.724 % | 231.62 | 4.71 | 2.074 % |
| 2016 | 238.78 | 5.57 | 2.387 % | 244.88 | 13.27 | 5.728 % |
| 2017 | 253.85 | 15.07 | 6.31 % | 260.18 | 15.3 | 6.246 % |
| 2018 | 273.87 | 20.02 | 7.888 % | 271.63 | 11.45 | 4.402 % |
| 2019 | 267.02 | -6.85 | -2.503 % | 288.65 | 17.02 | 6.264 % |
| 2020 | 270 | 2.99 | 1.118 % | 294.71 | 6.06 | 2.099 % |
| 2021 | 294.22 | 24.22 | 8.971 % | 314.68 | 19.97 | 6.776 % |
| 2022 | 280.25 | -13.97 | -4.748 % | 340.85 | 26.18 | 8.318 % |
| 2023 | 295.02 | 14.77 | 5.27 % | 344.04 | 3.19 | 0.936 % |
| 2024 | 298.7 | 3.68 | 1.246 % | 361.3 | 17.26 | 5.015 % |
Between 1960 to 2024, 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%.