Annual GDP growth in Finland
Finland: Annual GDP growth was 0.4% in 2024. ◆ Volatile
Annual GDP growth in Finland, 1980–2024
Source: International Monetary Fund (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
Finland recorded 0.4% for annual gdp growth in 2024.
Compared with earlier readings it is up 129.1% on the previous year and up 178.5% over ten years.
Over the whole period, annual gdp growth in Finland peaked at 6.4% in 1997 and was at its lowest, -8.1%, in 2009.
That places Finland 179th out of 196 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Finland, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 5.7% | — |
| 1981 | 1.3% | -77.2% |
| 1982 | 3.1% | +138.6% |
| 1983 | 3.1% | +1.1% |
| 1984 | 3.2% | +2.9% |
| 1985 | 3.5% | +10.1% |
| 1986 | 2.7% | -22.9% |
| 1987 | 3.6% | +30.6% |
| 1988 | 5.2% | +46.4% |
| 1989 | 5.1% | -2.4% |
| 1990 | 0.2% | -95.9% |
| 1991 | -5.9% | -2886.7% |
| 1992 | -3.3% | -43.7% |
| 1993 | -0.8% | -76.4% |
| 1994 | 4.0% | -607.4% |
| 1995 | 4.2% | +6.8% |
| 1996 | 3.7% | -13.5% |
| 1997 | 6.4% | +74.7% |
| 1998 | 5.5% | -14.8% |
| 1999 | 4.4% | -19.5% |
| 2000 | 5.8% | +31.1% |
| 2001 | 2.6% | -54.1% |
| 2002 | 1.7% | -36.1% |
| 2003 | 2.0% | +19.3% |
| 2004 | 4.0% | +99.1% |
| 2005 | 2.8% | -30.6% |
| 2006 | 4.0% | +44.7% |
| 2007 | 5.3% | +32.2% |
| 2008 | 0.8% | -85.2% |
| 2009 | -8.1% | -1130.1% |
| 2010 | 3.2% | -139.2% |
| 2011 | 2.4% | -24.6% |
| 2012 | -1.5% | -163.8% |
| 2013 | -1.0% | -35.7% |
| 2014 | -0.5% | -51.2% |
| 2015 | 0.5% | -197.7% |
| 2016 | 2.6% | +450.7% |
| 2017 | 3.3% | +28.4% |
| 2018 | 1.2% | -63.9% |
| 2019 | 1.4% | +13.2% |
| 2020 | -2.5% | -284.5% |
| 2021 | 2.7% | -207.4% |
| 2022 | 0.8% | -71.5% |
| 2023 | -1.3% | -268.9% |
| 2024 | 0.4% | -129.1% |
Finland compared with similar countries
- Finland's 0.4% is below the median for high income countries, which is 2.4%, 16% of the median. (67 countries reporting)
- Finland's 0.4% is below the median for Europe & Central Asia, which is 2.5%, 15% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in Finland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | -2886.7% | 0.2% | -5.9% |
| 2009 | -1130.1% | 0.8% | -8.1% |
| 1994 | +607.4% | -0.8% | 4.0% |
| 2016 | +450.7% | 0.5% | 2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.7% | 1.3% | 5.7% | 10 |
| 1990s | 1.8% | -5.9% | 6.4% | 10 |
| 2000s | 2.1% | -8.1% | 5.8% | 10 |
| 2010s | 1.1% | -1.5% | 3.3% | 10 |
| 2020s | 0.0% | -2.5% | 2.7% | 5 |
Countries ranked near Finland
- 176 Italy 0.5% compare
- 177 Hungary 0.4% compare
- 178 San Marino 0.4% compare
- 180 Luxembourg 0.4% compare
- 181 Germany 0.2% compare
- 182 New Zealand 0.2% compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 6.68 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0211 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,183 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -285.87 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -103.27 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -50.63 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 24.81 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Finland?
- Annual gdp growth in Finland was 0.4% in 2024, according to International Monetary Fund (2026) – with minor processing by Our World in Data.
- What is the highest annual gdp growth recorded in Finland?
- The highest recorded value was 6.4% in 1997.
- What is the lowest annual gdp growth recorded in Finland?
- The lowest recorded value was -8.1% in 2009.
- How does Finland rank for annual gdp growth?
- Finland ranks 179th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Finland?
- Over the last ten years it is up 178.5%. The long-run trend across the full record is volatile.
- Where does this Finland data come from?
- The figures come from International Monetary Fund (2026) – with minor processing by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual percent change in gross domestic product. This data is adjusted for inflation.