Finland: debt-to-GDP ratio 2023

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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.

National debt in relation to gross domestic product (GDP) in Finland from 2013 to 2023

Characteristic	Debt to GDP ratio
2023*	75.8%
2022*	73.5%
2021	72.6%
2020	74.7%
2019	64.9%
2018	64.8%
2017	66%
2016	68%
2015	68.3%
2014	64.5%
2013	60.6%

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Release date

April 2024

More information

Region

Finland

Survey time period

2013 to 2023

Supplementary notes

* Preliminary figures

The source adds the following information: "Twice yearly the Member States of the European Union report data on their so-called EDP deficits and debts to the EU Commission. The reporting is a constituent part of what is known as the Excessive Deficit Procedure (EDP). The reported data are produced in compliance with the European System of Accounts (ESA 2010) and a separate EU Regulation. The data reported by the different Member States are comparable with each other."

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