General government debt in relation to GDP in Finland 2013-2023, by sector

Published by J. Clausnitzer, May 16, 2024
From 2013 to 2015, the central government debt relative to GDP steadily increased in Finland, reaching a high of 57 percent in 2015. Thereafter, the central government debt to GDP ratio declined, but peaking at 63.1 percent again in 2023. At the same time, the financial position of local government continued to weaken, and as of 2023, the debt in relation to GDP reached 12.7 percent.

General government debt in relation to gross domestic product (GDP) in Finland from 2013 to 2023, by sector

CharacteristicCentral governmentLocal governmentSocial security funds
2023* 63.1% 12.7% 1%
2022* 60% 12.8% 1.5%
2021 59.2% 13% 1.1%
2020 60.5% 13.3% 1.5%
2019 52.5% 12.4% 0.6%
2018 53% 11.3% 1%
2017 55.1% 10.7% 1.2%
2016 56.7% 11% 1.1%
2015 57% 10.8% 1.5%
2014 54.7% 10.4% 1.1%
2013 52.2% 9.7% 0.9%
Showing entries 1 to 11 (11 entries in total)
Created with Highcharts 7.2.2Debt to GDP ratio52.2%52.2%54.7%54.7%57%57%56.7%56.7%55.1%55.1%53%53%52.5%52.5%60.5%60.5%59.2%59.2%60%60%63.1%63.1%9.7%9.7%10.4%10.4%10.8%10.8%11%11%10.7%10.7%11.3%11.3%12.4%12.4%13.3%13.3%13%13%12.8%12.8%12.7%12.7%0.9%0.9%1.1%1.1%1.5%1.5%1.1%1.1%1.2%1.2%1%1%0.6%0.6%1.5%1.5%1.1%1.1%1.5%1.5%1%1%Central governmentLocal governmentSocial security funds2013201420152016201720182019202020212022*2023*
0%10%20%30%40%50%60%70%

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Release date

April 2024

Region

Finland

Survey time period

2013 to 2023

Supplementary notes

* preliminary data

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