
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. 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 2021 was between 53.0 billion and 196.8 billion USD. The highest level of the last years at 197 billion US Dollar was reached in 2021. The budget deficit in the same year was 7.7 billion USD.
Based on the number of inhabitants, this is a debt of 35,520 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.
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Gross debt of the last 23 years in billion USD
Year | Finland total | Finland per capita | EU per capita |
---|---|---|---|
1998 | 62.70 bn USD | 12,167 USD | 14,079 USD |
1999 | 59.53 bn USD | 11,525 USD | 14,032 USD |
2000 | 53.50 bn USD | 10,336 USD | 11,232 USD |
2001 | 53.01 bn USD | 10,217 USD | 11,255 USD |
2002 | 56.42 bn USD | 10,848 USD | 12,258 USD |
2003 | 73.38 bn USD | 14,076 USD | 15,286 USD |
2004 | 84.21 bn USD | 16,107 USD | 17,595 USD |
2005 | 81.81 bn USD | 15,595 USD | 18,327 USD |
2006 | 82.74 bn USD | 15,711 USD | 18,877 USD |
2007 | 86.92 bn USD | 16,436 USD | 20,898 USD |
2008 | 93.03 bn USD | 17,509 USD | 24,086 USD |
2009 | 105.28 bn USD | 19,720 USD | 25,361 USD |
2010 | 116.99 bn USD | 21,813 USD | 26,496 USD |
2011 | 133.04 bn USD | 24,691 USD | 29,231 USD |
2012 | 138.50 bn USD | 25,582 USD | 28,174 USD |
2013 | 152.58 bn USD | 28,054 USD | 29,981 USD |
2014 | 164.44 bn USD | 30,109 USD | 30,648 USD |
2015 | 149.26 bn USD | 27,240 USD | 25,918 USD |
2016 | 152.11 bn USD | 27,680 USD | 26,261 USD |
2017 | 156.38 bn USD | 28,389 USD | 27,024 USD |
2018 | 164.83 bn USD | 29,884 USD | 28,448 USD |
2019 | 160.02 bn USD | 28,981 USD | 27,168 USD |
2020 | 187.53 bn USD | 33,914 USD | 30,783 USD |
2021 | 196.81 bn USD | 35,520 USD | 33,695 USD |
Comparison of gross debt per capita with the European Union in U.S. dollars
Budget deficit in Finland

The budget balance in Finland in the period between 1998 and 2021 varied between -14.98 billion euros and +13.13 billion euros. In 2021, Finland reached a balance of -7.72 billion euros.
In ratio to population, this equals a new indebtedness of 1,394 euros per capita in Finland in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.
Budget deficit and surplus in the last 23 years
Year | Finland total | Finland per capita | EU per capita |
---|---|---|---|
1998 | 2.05 bn USD | 397 USD | -398 USD |
1999 | 2.08 bn USD | 403 USD | -204 USD |
2000 | 8.48 bn USD | 1,638 USD | 112 USD |
2001 | 6.39 bn USD | 1,232 USD | -299 USD |
2002 | 5.67 bn USD | 1,089 USD | -565 USD |
2003 | 4.36 bn USD | 837 USD | -840 USD |
2004 | 4.36 bn USD | 833 USD | -920 USD |
2005 | 5.30 bn USD | 1,011 USD | -822 USD |
2006 | 8.52 bn USD | 1,618 USD | -568 USD |
2007 | 13.13 bn USD | 2,482 USD | -360 USD |
2008 | 11.93 bn USD | 2,246 USD | -1,085 USD |
2009 | -6.30 bn USD | -1,180 USD | -2,021 USD |
2010 | -6.32 bn USD | -1,178 USD | -1,970 USD |
2011 | -2.81 bn USD | -521 USD | -1,462 USD |
2012 | -5.57 bn USD | -1,029 USD | -1,220 USD |
2013 | -6.85 bn USD | -1,260 USD | -1,027 USD |
2014 | -8.21 bn USD | -1,504 USD | -852 USD |
2015 | -5.69 bn USD | -1,038 USD | -577 USD |
2016 | -4.09 bn USD | -744 USD | -423 USD |
2017 | -1.67 bn USD | -304 USD | -263 USD |
2018 | -2.35 bn USD | -427 USD | -139 USD |
2019 | -2.54 bn USD | -460 USD | -197 USD |
2020 | -14.98 bn USD | -2,709 USD | -2,312 USD |
2021 | -7.72 bn USD | -1,394 USD | -1,787 USD |
(negative numbers = deficit)