Gross debt in Finland

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Finland in the period from 1998 to 2019 was between 53.0 bn and 164.5 bn USD. The hightest level within the past 21 years was reached in 2018. However, the liabilities in 2019 have been only 159.57 bn USD

Based on the number of inhabitants, this is in Finland a debt of 28,900 USD per person. For comparison: The average debt per person in the same year in the European Union was 32,690 USD.

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Gross debt of the last 21 years in billion USD

JahrFinland totalFinland per capitaEU per capita
199862.70 bn USD12,167 USD12,387 USD
199959.53 bn USD11,525 USD12,342 USD
200053.47 bn USD10,330 USD10,778 USD
200152.97 bn USD10,210 USD10,717 USD
200256.33 bn USD10,831 USD11,593 USD
200373.28 bn USD14,057 USD14,402 USD
200484.21 bn USD16,107 USD16,970 USD
200581.81 bn USD15,595 USD17,846 USD
200682.74 bn USD15,711 USD18,591 USD
200786.92 bn USD16,436 USD20,509 USD
200893.03 bn USD17,509 USD23,520 USD
2009105.28 bn USD19,720 USD25,266 USD
2010116.99 bn USD21,813 USD30,683 USD
2011133.04 bn USD24,691 USD34,278 USD
2012138.50 bn USD25,582 USD33,161 USD
2013152.58 bn USD28,054 USD35,247 USD
2014164.44 bn USD30,109 USD36,694 USD
2015149.26 bn USD27,240 USD31,489 USD
2016152.11 bn USD27,680 USD31,202 USD
2017156.38 bn USD28,389 USD32,052 USD
2018164.55 bn USD29,833 USD33,816 USD
2019159.57 bn USD28,900 USD32,690 USD

Comparison of the gross debt per capita with the European Union in Euro

      Finland       European Union

Budget deficit in Finland

The budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurances, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money, than at at the beginning, it is a surplus - it is less, it is called deficit.

The budget balance in Finland in the period between 1998 and 2019 varied between -8.21 bn Euro and +13.13 bn Euro. In 2019 was reached a balance of -3 bn Euro.

In ratio to population, this equals a new indebtedness of 468 Euro per capita in Finland only in 2019. For comparison, the average debt per capita in the European Union was in the same year at 332 Euro.

Budget deficit and surplus in the last 21 years

JahrFinland totalFinland per capitaEU per capita
19982.05 bn USD397 USD-350 USD
19992.08 bn USD403 USD-180 USD
20008.48 bn USD1,638 USD98 USD
20016.39 bn USD1,232 USD-263 USD
20025.67 bn USD1,089 USD-496 USD
20034.36 bn USD837 USD-738 USD
20044.36 bn USD833 USD-808 USD
20055.30 bn USD1,011 USD-722 USD
20068.52 bn USD1,618 USD-499 USD
200713.13 bn USD2,482 USD-315 USD
200811.93 bn USD2,246 USD-951 USD
2009-6.30 bn USD-1,180 USD-2,252 USD
2010-6.32 bn USD-1,178 USD-2,486 USD
2011-2.81 bn USD-521 USD-1,907 USD
2012-5.57 bn USD-1,029 USD-1,689 USD
2013-6.85 bn USD-1,260 USD-1,354 USD
2014-8.21 bn USD-1,504 USD-1,226 USD
2015-5.69 bn USD-1,038 USD-871 USD
2016-4.09 bn USD-744 USD-620 USD
2017-1.67 bn USD-302 USD-406 USD
2018-2.37 bn USD-430 USD-288 USD
2019-2.59 bn USD-468 USD-332 USD

(negative numbers = deficit)