Gross Fixed Capital Formation — Value Standard Local Currency in Finland
Finland: Gross Fixed Capital Formation — Value Standard Local Currency was 59,110 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Finland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Finland recorded 59,110 million SLC for gross fixed capital formation — value standard local currency in 2024.
The figure is down 6.7% on the previous year and up 32.1% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Finland peaked at 66,412 million SLC in 2022 and was at its lowest, 2,239 million SLC, in 1970.
That places Finland 137th out of 230 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Finland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 2,239 million SLC | — |
| 1971 | 2,577 million SLC | +15.1% |
| 1972 | 3,052 million SLC | +18.4% |
| 1973 | 3,836 million SLC | +25.7% |
| 1974 | 5,013 million SLC | +30.7% |
| 1975 | 6,104 million SLC | +21.8% |
| 1976 | 6,191 million SLC | +1.4% |
| 1977 | 6,628 million SLC | +7.1% |
| 1978 | 6,500 million SLC | -1.9% |
| 1979 | 7,345 million SLC | +13.0% |
| 1980 | 9,195 million SLC | +25.2% |
| 1981 | 10,325 million SLC | +12.3% |
| 1982 | 11,735 million SLC | +13.7% |
| 1983 | 13,272 million SLC | +13.1% |
| 1984 | 14,072 million SLC | +6.0% |
| 1985 | 15,524 million SLC | +10.3% |
| 1986 | 16,384 million SLC | +5.5% |
| 1987 | 18,228 million SLC | +11.3% |
| 1988 | 21,616 million SLC | +18.6% |
| 1989 | 26,246 million SLC | +21.4% |
| 1990 | 26,996 million SLC | +2.9% |
| 1991 | 22,485 million SLC | -16.7% |
| 1992 | 18,844 million SLC | -16.2% |
| 1993 | 16,413 million SLC | -12.9% |
| 1994 | 16,927 million SLC | +3.1% |
| 1995 | 19,059 million SLC | +12.6% |
| 1996 | 20,990 million SLC | +10.1% |
| 1997 | 23,730 million SLC | +13.1% |
| 1998 | 26,822 million SLC | +13.0% |
| 1999 | 28,549 million SLC | +6.4% |
| 2000 | 31,527 million SLC | +10.4% |
| 2001 | 33,150 million SLC | +5.1% |
| 2002 | 32,140 million SLC | -3.0% |
| 2003 | 33,122 million SLC | +3.1% |
| 2004 | 35,402 million SLC | +6.9% |
| 2005 | 37,819 million SLC | +6.8% |
| 2006 | 39,424 million SLC | +4.2% |
| 2007 | 45,329 million SLC | +15.0% |
| 2008 | 47,650 million SLC | +5.1% |
| 2009 | 41,787 million SLC | -12.3% |
| 2010 | 43,003 million SLC | +2.9% |
| 2011 | 45,352 million SLC | +5.5% |
| 2012 | 46,789 million SLC | +3.2% |
| 2013 | 45,512 million SLC | -2.7% |
| 2014 | 44,760 million SLC | -1.7% |
| 2015 | 45,081 million SLC | +0.7% |
| 2016 | 49,805 million SLC | +10.5% |
| 2017 | 53,298 million SLC | +7.0% |
| 2018 | 57,105 million SLC | +7.1% |
| 2019 | 58,313 million SLC | +2.1% |
| 2020 | 58,357 million SLC | +0.1% |
| 2021 | 60,783 million SLC | +4.2% |
| 2022 | 66,412 million SLC | +9.3% |
| 2023 | 63,363 million SLC | -4.6% |
| 2024 | 59,110 million SLC | -6.7% |
Finland compared with similar countries
- Finland's 59,110 million SLC is above the median for high income countries, which is 36,467 million SLC, 1.6× the median. (73 countries reporting)
- Finland's 59,110 million SLC is below the median for Europe & Central Asia, which is 116,713 million SLC, 51% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,949 million SLC | 2,239 million SLC | 7,345 million SLC | 10 |
| 1980s | 15,660 million SLC | 9,195 million SLC | 26,246 million SLC | 10 |
| 1990s | 22,082 million SLC | 16,413 million SLC | 28,549 million SLC | 10 |
| 2000s | 37,735 million SLC | 31,527 million SLC | 47,650 million SLC | 10 |
| 2010s | 48,902 million SLC | 43,003 million SLC | 58,313 million SLC | 10 |
| 2020s | 61,605 million SLC | 58,357 million SLC | 66,412 million SLC | 5 |
Countries ranked near Finland
More economy & growth data for Finland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.48 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.51 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.08 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 856.76 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.84 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 625.6 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Finland?
- Gross fixed capital formation — value standard local currency in Finland was 59,110 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Finland?
- The highest recorded value was 66,412 million SLC in 2022.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Finland?
- The lowest recorded value was 2,239 million SLC in 1970.
- How does Finland rank for gross fixed capital formation — value standard local currency?
- Finland ranks 137th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Finland?
- Over the last ten years it is up 32.1%. The long-run trend across the full record is volatile.
- Where does this Finland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).