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Economy of Finland vs Maldives compared: GDP & Debt

Updated on by Georank team

Finland has a GDP of $299B compared to $7.06B for Maldives, ranking 47/197 and 159/197 by economy size, respectively.

Finland has $245B in government debt (82.1% of GDP), compared to $9.41B (133.3% of GDP) in Maldives.

Finland vs Maldives GDP by year

Finland
Maldives
1x
Year GDP, current $
Finland Maldives
2024 $298,696,961,298 $7,061,608,267
2023 $295,021,982,463 $6,621,008,704
2022 $280,253,099,309 $6,177,123,352
2021 $294,223,210,496 $5,252,457,370
2020 $270,000,311,606 $3,712,604,583
2019 $267,014,821,129 $5,726,094,799
2018 $273,869,255,596 $5,404,344,163
2017 $253,846,138,440 $4,816,426,257
2016 $238,777,818,793 $4,409,942,624
2015 $233,210,733,506 $4,129,505,319
2014 $273,478,528,955 $3,697,353,039
2013 $270,268,036,626 $3,295,009,238
2012 $257,443,384,493 $2,886,163,997
2011 $275,126,915,516 $2,774,350,240
2010 $249,429,613,683 $2,588,176,055
2009 $253,480,783,439 $2,345,294,875
2008 $285,698,662,071 $2,271,646,188
2007 $256,360,251,538 $1,868,383,461
2006 $217,044,068,234 $1,575,200,391
2005 $204,859,368,791 $1,163,362,438
2004 $197,458,297,640 $1,226,829,563
2003 $171,612,867,736 $1,052,121,055
2002 $140,360,963,812 $897,031,250
2001 $129,519,672,869 $870,031,677
2000 $125,967,821,111 $624,337,145
1999 $135,234,241,918 $589,239,754
1998 $133,990,876,725 $540,096,398
1997 $126,862,902,302 $508,223,602
1996 $131,991,975,149 $450,382,328
1995 $134,060,457,516 $398,988,955
1994 $103,182,697,780 $356,014,932
1993 $89,112,105,756 $322,417,837
1992 $112,537,828,511 $284,875,809
1991 $127,794,441,994 $244,396,762
1990 $141,446,120,355 $215,043,970
1989 $118,991,270,611 $189,514,434
1988 $109,039,090,263 $168,514,513
1987 $91,564,993,913 $141,223,029
1986 $73,511,611,541 $141,882,254
1985 $55,856,676,899 $127,190,758
1984 $52,870,993,273 $109,503,546
1983 $50,956,447,481 $57,829,787
1982 $52,784,013,815 $47,911,340
1981 $52,440,066,134 $44,781,457
1980 $53,649,984,061 $42,463,576
1979 $44,469,218,440 $38,523,364
1978 $36,259,392,058 $24,369,109
1977 $33,502,784,418 $20,853,789
1976 $31,852,352,670 $22,399,467
1975 $29,475,251,333 $24,540,878
1974 $24,851,036,710 $39,120,171
1973 $19,474,098,335 $30,862,042
1972 $14,744,499,570 $25,177,138
1971 $12,528,522,307 $21,566,404
1970 $11,358,529,162 $19,328,038
1969 $10,177,524,839 -
1968 $8,916,565,041 -
1967 $9,468,272,357 -
1966 $9,306,142,172 -
1965 $8,680,393,839 -
1964 $7,848,987,793 -
1963 $6,958,916,548 -
1962 $6,407,796,043 -
1961 $5,984,433,774 -
1960 $5,279,481,824 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/finland/maldives | CC BY

GDP per capita in Finland vs Maldives by year

Finland
GDP per capita

GDP per capita, PPP
Maldives
GDP per capita

GDP per capita, PPP
1x
Year Current $
Finland Maldives
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $53,150 $65,378 $13,379 $26,183
2023 $52,834 $63,415 $12,588 $24,786
2022 $50,441 $62,133 $11,786 $22,881
2021 $53,099 $56,790 $10,176 $19,053
2020 $48,829 $53,297 $7,394 $13,425
2019 $48,358 $52,276 $11,740 $23,077
2018 $49,654 $49,249 $11,423 $21,899
2017 $46,085 $47,235 $10,510 $19,768
2016 $43,451 $44,562 $9,948 $18,770
2015 $42,560 $42,258 $9,645 $17,875
2014 $50,074 $41,547 $8,939 $16,723
2013 $49,691 $41,326 $8,236 $15,264
2012 $47,552 $40,739 $7,461 $13,989
2011 $51,060 $40,846 $7,425 $13,726
2010 $46,506 $38,946 $7,174 $12,797
2009 $47,478 $37,988 $6,734 $12,266
2008 $53,769 $40,081 $6,757 $13,779
2007 $48,473 $37,843 $5,758 $12,852
2006 $41,214 $34,440 $5,019 $12,075
2005 $39,050 $32,048 $3,797 $9,704
2004 $37,768 $31,195 $4,070 $10,770
2003 $32,920 $29,043 $3,549 $10,065
2002 $26,989 $28,596 $3,076 $8,823
2001 $24,965 $27,798 $3,034 $8,236
2000 $24,336 $26,783 $2,214 $8,526
1999 $26,180 $24,762 $2,124 $8,162
1998 $26,000 $23,570 $1,980 $7,710
1997 $24,682 $21,787 $1,898 $7,226
1996 $25,757 $20,067 $1,717 $6,687
1995 $26,246 $19,568 $1,555 $6,223
1994 $20,278 $18,458 $1,419 $5,520
1993 $17,589 $17,458 $1,317 $5,138
1992 $22,320 $17,271 $1,194 $4,881
1991 $25,489 $17,563 $1,054 $4,604
1990 $28,366 $18,149 $957 $4,528
1989 $23,969 - $870 -
1988 $22,044 - $799 -
1987 $18,565 - $692 -
1986 $14,947 - $720 -
1985 $11,394 - $669 -
1984 $10,830 - $594 -
1983 $10,494 - $323 -
1982 $10,935 - $274.8 -
1981 $10,925 - $264.1 -
1980 $11,225 - $257.6 -
1979 $9,333 - $240.2 -
1978 $7,629 - $156.1 -
1977 $7,070 - $137.3 -
1976 $6,740 - $151.8 -
1975 $6,256 - $171.4 -
1974 $5,298 - $281.5 -
1973 $4,174 - $228.7 -
1972 $3,178 - $192.2 -
1971 $2,716 - $169.8 -
1970 $2,466 - $156.9 -
1969 $2,201 - - -
1968 $1,927 - - -
1967 $2,056 - - -
1966 $2,032 - - -
1965 $1,902 - - -
1964 $1,726 - - -
1963 $1,538 - - -
1962 $1,427 - - -
1961 $1,341 - - -
1960 $1,192 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/finland/maldives | CC BY

Finland's GDP per capita is $53,150, ranking 23/197, compared to $13,379 in Maldives, ranking 75/197. Adjusted for purchasing power (GDP per capita PPP), Finland ranks 27th at $65,378, while Maldives ranks 81st at $26,183.

Economic indicators

Finland Maldives
Gross domestic product
$299B
2024
$7.06B
2024
GDP rank
47/197
2024
159/197
2024
GDP growth
0.42%
2023-2024
3.49%
2023-2024
GDP per capita
$53,150
2024
$13,379
2024
GDP per capita rank
23/197
2024
75/197
2024
GDP per capita, PPP
$65,378
2024
$26,183
2024
GDP per capita PPP rank
27/197
2024
81/197
2024
Government debt
$245B
2024
$9.41B
2024
Debt-to-GDP ratio
82.1%
2024
133.3%
2024
Government debt per person
$43,662
2024
$17,837
2024
Government debt per person rank
12/185
2024
35/185
2024
Average annual personal income after taxes
$36,394
2026
$9,909
2026
Market capitalization of domestic companies
$20.3B
2004
n/a
Number of billionaires
7
2025
n/a
Income share by richest 10%
22.5%
2023
23.3%
2019
Income share by poorest 10%
3.7%
2023
3.8%
2019
Government expenditure, % of GDP
57.7%
2024
46.1%
2024
Consumer prices inflation
1.57%
2023-2024
1.4%
2023-2024
Unemployment rate
8.34%
2024
4.56%
2019
Population
5631965
532057

Spending and national debt comparison by year

Finland
Spending

Debt
Maldives
Spending

Debt
1x
Year % of GDP
Finland Maldives
Government spending Government debt Government spending Government debt
2024 57.7% 82.1% 46.1% 133.3%
2023 55.9% 77.5% 46.7% 122.4%
2022 52.6% 74% 42% 111.6%
2021 55.2% 73.2% 40.6% 123.4%
2020 56.5% 75.3% 50.4% 155.7%
2019 52.6% 65.3% 32.9% 77.2%
2018 52.7% 65.3% 31.9% 70.7%
2017 52.8% 66.6% 30.4% 63.8%
2016 55.1% 68.6% 37.3% 61.9%
2015 55.7% 68.8% 33.8% 54.8%
2014 57.6% 64.8% 29.1% 55.1%
2013 57.1% 60.8% 27% 55.9%
2012 55.7% 57.9% 29.8% 57.1%
2011 53.8% 52% 31.3% 51.9%
2010 54% 50.1% 33.2% 52.7%
2009 54.1% 41.5% 37% 48.4%
2008 47.9% 32.6% 35.6% 39%
2007 46.7% 33.9% 34.8% 35.8%
2006 48.3% 38% 35% 36.8%
2005 49.2% 39.9% 38.8% 43.2%
2004 48.2% 42.6% 24.1% 34.7%
2003 48.3% 42.7% 26.4% 37.6%
2002 47.5% 40.1% 29.6% 44.3%
2001 46.2% 40.9% 29.6% 41.8%
2000 46.9% 42.4% 29% 39%
1999 49.9% 44% 28% 38.9%
1998 51.3% 46.8% 25.9% 39.3%
1997 54.9% 52.2% 25.2% 38.1%
1996 58.5% 55.4% 27.3% 46.9%
1995 60% 55.2% 31.3% 52.2%
1994 62.2% 56.2% 30.7% 54.6%
1993 63.7% 54.2% 34.7% 55.7%
1992 60.8% 39.3% 36.1% 49%
1991 55.8% 21.9% 37.7% 46.7%
1990 47.1% 13.9% 33.3% 42.4%
1989 44.4% 14.3% - -
1988 46.4% 16.5% - -
1987 47.8% 17.6% - -
1986 46.9% 16.4% - -
1985 46.3% 15.8% - -
1984 44.4% 15.2% - -
1983 44.4% 15.4% - -
1982 42.7% 13.9% - -
1981 41% 11.5% - -
1980 40.1% 10.9% - -
1979 40.3% 11% - -
1978 41.3% 10.7% - -
1977 41.7% 8.22% - -
1976 39.8% 7.09% - -
1975 38.6% 6.76% - -
1974 22.9% 2.97% - -
1973 21.8% 4.42% - -
1972 20.4% 6.46% - -
1971 22.8% 7.94% - -
1970 21.9% 9.19% - -
1969 22.2% 10.8% - -
1968 25.5% 13.9% - -
1967 23.5% 14.2% - -
1966 23.3% 13.7% - -
1965 23.2% 13% - -
1964 22.8% 12.5% - -
1963 21.6% 12.2% - -
1962 23.9% 10.3% - -
1961 22.7% 9.12% - -
1960 22.5% 9.96% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

GeoRank.org/economy/finland/maldives | CC BY

In 2024, Finland's government spending was $172B, accounting for 57.7% of its GDP, while Maldives spent $3.25B, or 46.1% of GDP.

Debt-to-GDP ratio is 82.1% in Finland and 133.3% in Maldives, ranking 42/185 and 10/185, respectively.

Government deficit by year

Deficit/surplus
Finland

Maldives
1x
Year Deficit/surplus, % of GDP
Finland Maldives
2024 -4.41% -13.9%
2023 -2.98% -13.2%
2022 -0.18% -11.2%
2021 -2.69% -14.2%
2020 -5.53% -23.7%
2019 -0.93% -6.54%
2018 -0.87% -5.17%
2017 -0.63% -3.02%
2016 -1.7% -9.93%
2015 -2.43% -6.52%
2014 -2.99% -2.42%
2013 -2.52% -3.49%
2012 -2.15% -6.91%
2011 -1.01% -8.13%
2010 -2.57% -13.6%
2009 -2.48% -17.9%
2008 4.18% -9.92%
2007 5.12% -3.16%
2006 3.93% -4.52%
2005 2.59% -7.81%
2004 2.16% -2.26%
2003 2.34% -3.45%
2002 3.97% -3.97%
2001 4.89% -3.97%
2000 6.73% -3.89%
1999 1.6% -3.03%
1998 1.54% -2.25%
1997 -1.33% -1.46%
1996 -3.37% -2.01%
1995 -5.98% -5.66%
1994 -6.41% -4.82%
1993 -8.09% -13.9%
1992 -4.88% -12.6%
1991 0.3% -10.2%
1990 6.63% -12.8%
1989 6.73% -
1988 5.09% -
1987 1.63% -
1986 3.83% -
1985 3.33% -
1984 3.23% -
1983 1.52% -
1982 3.06% -
1981 5.11% -
1980 3.7% -
1979 3.41% -
1978 3.83% -
1977 6.27% -
1976 7.65% -
1975 4.96% -
1974 -0.03% -
1973 1.48% -
1972 -0.18% -
1971 0.15% -
1970 1.06% -
1969 0.94% -
1968 -1.69% -
1967 -0.26% -
1966 -1.08% -
1965 -1.67% -
1964 -1.35% -
1963 -2.5% -
1962 -2.37% -
1961 -3.03% -
1960 -0.52% -
1959 -0.12% -
1958 -1.73% -
1957 0.08% -
1956 -1.14% -
1955 -1% -
1954 -0.17% -
1953 0.02% -
1952 -1.24% -
1951 1.1% -
1950 -0.26% -
1949 -2.77% -
1948 1.88% -
1947 -5.99% -
1946 -15.3% -
1945 -6.35% -
1944 -21.5% -
1943 -14.2% -
1942 -16.4% -
1941 -35.8% -
1940 -36.9% -
1939 -9.76% -
1938 -1.48% -
1937 -4.44% -
1936 -3.75% -
1935 -3.81% -
1934 -2.81% -
1933 -1.63% -
1932 -2.61% -
1931 -2.32% -
1930 -1.94% -
1929 -0.78% -
1928 -2.07% -
1927 -0.32% -
1926 -2.9% -
1925 -2.92% -
1924 0.04% -
1923 -2.3% -
1922 0.62% -
1921 -2.59% -
1920 -2.6% -
1919 -7.49% -
1918 -11.4% -
1917 -1.27% -
1916 1.48% -
1915 -0.29% -
1914 -1.15% -
1913 -0.25% -
1912 0.33% -
1911 -0.14% -
1910 -0.3% -
1909 -2.64% -
1908 -1.92% -
1907 0.24% -
1906 0.86% -
1905 -1.28% -
1904 -1.63% -
1903 -0.3% -
1902 -1.74% -
1901 -2.13% -
1900 -0.52% -
1899 -1% -
1898 -4.55% -
1897 -0.37% -
1896 -0.56% -
1895 -1.21% -
1894 -0.62% -
1893 0% -
1892 0.82% -
1891 0.16% -
1890 0.17% -
1889 0.18% -
1888 -0.59% -
1887 -1.46% -
1886 0% -
1885 -1.2% -
1884 -0.2% -
1883 0% -
1882 0.2% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1882–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/finland/maldives | CC BY

In 2024, Finland's government deficit, the difference between spending and revenue, was $13.2B, equivalent to 4.41% of GDP. This compares to Maldives' deficit of $982M, or 13.9% of GDP.

Over the past 35 years, Finland recorded a fiscal deficit in 22 of those years, while Maldives ran a deficit in 35 years. On average, Finland posted an annual deficit equal to 0.58% of GDP, compared to deficit of 7.75% of GDP for Maldives.

Inflation comparison by year

Inflation
Finland

Maldives
1x
Year Consumer prices inflation
Finland Maldives
2024 1.57% 1.4%
2023 6.25% 2.6%
2022 7.12% 2.6%
2021 2.19% 0.2%
2020 0.29% -1.6%
2019 1.02% 1.3%
2018 1.08% 1.4%
2017 0.75% 2.3%
2016 0.36% 0.8%
2015 -0.21% 1.4%
2014 1.04% 2.4%
2013 1.48% 4%
2012 2.81% 10.9%
2011 3.42% 11.3%
2010 1.18% 6.1%
2009 -0% 4.5%
2008 4.07% 12%
2007 2.51% 6.8%
2006 1.57% 3.5%
2005 0.62% 2.5%
2004 0.19% 6.3%
2003 0.88% -2.8%
2002 1.57% 0.9%
2001 2.58% 0.7%
2000 3.04% -1.2%
1999 1.16% 3%
1998 1.4% -1.4%
1997 1.19% 7.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/finland/maldives | CC BY

Over the past 28 years, Finland has recorded an average annual inflation rate of 1.83%, compared with 3.2% in Maldives. In 2024, inflation was 1.57% in Finland and 1.4% in Maldives.

Top exports between countries

Finland
Export category Export value
Machinery & equipment $1.55M
Textiles & consumer goods $209K
Wood & paper products $176K
Chemicals & pharma $66K
Metals $29K
Raw materials & minerals $21K
Processed food, beverages & tobacco $8K
Miscellaneous $3K
Precious metals & jewellery $2K
Maldives
Export category Export value
Processed food, beverages & tobacco $448K
Animal & marine products $2K

Balance of trade

Finland Maldives
Current account balance
-$1.99B
2024
-$1.32B
2024
Current account balance ranking
143/190
2024
130/190
2024
Current account balance, % of GDP
-0.67%
2024
-18.7%
2024
Goods imports
$76.6B
2024
$3.46B
2024
Goods exports
$83.1B
2024
$383M
2024
Service imports
$47.4B
2024
$1.89B
2024
Service exports
$42B
2024
$5.03B
2024
Imports of goods and services, % of GDP
41.6%
2024
78.3%
2024
Exports of goods and services, % of GDP
41.9%
2024
78.2%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Finland Maldives
Economic freedom 76.6 47.6
Economic freedom ranking 15/197 174/197
Property rights 99.9 52.2
Government integrity 95.4 41.9
Judicial effectiveness 96.4 39.3
Tax burden 68.4 89.9
Government spending 7.9 39.5
Fiscal health 76.3 0
Business freedom 85.3 49.7
Labor freedom 65.4 54.1
Monetary freedom 80.3 76.4
Trade freedom 79.4 62.8
Investment freedom 85 35
Financial freedom 80 30

Economic freedom comparison by year

Finland
Maldives
1x
Year Economic freedom index
Finland Maldives
2026 76.6 47.6
2025 77 48.3
2024 76.3 47.8
2023 77.1 46.6
2022 78.3 47.3
2021 76.1 55.2
2020 75.7 56.5
2019 74.9 53.2
2018 74.1 51.1
2017 74 50.3
2016 72.6 53.9
2015 73.4 53.4
2014 73.4 51
2013 74 49
2012 72.3 49.2
2011 74 48.3
2010 73.8 49
2009 74.5 51.3
2008 74.6 -
2007 74 -
2006 72.9 -
2005 71 -
2004 73.4 -
2003 73.7 -
2002 73.6 -
2001 69.7 -
2000 64.3 -
1999 63.9 -
1998 63.5 -
1997 65.2 -
1996 63.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/finland/maldives | CC BY

The Economic Freedom Index for Finland is 76.6, ranking 15/197, compared to 47.6 for Maldives, ranking 174/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Finland Maldives
Services, % of GDP
62.2%
2024
72.1%
2024
Industry, % of GDP
22.8%
2024
9.2%
2024
Agriculture, forestry, and fishing, % of GDP
2.47%
2024
3.84%
2024
GNI, Atlas method
$290B
2024
$6.15B
2024
GNI per capita, PPP
$65,640
2024
$23,400
2024
Total reserves including gold
$18B
2024
$674M
2024
Total reserves ranking
65/177
2024
150/177
2024
Net foreign direct investment
$3.28B
2024
-$806M
2024
Net inflows of foreign direct investment
$8.74B
2024
$806M
2024
Net outflows of foreign direct investment
$12B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
7.95%
2024
Poverty at national poverty lines
12.2%
2022
15%
2020
Gross capital formation, % of GDP
22.3%
2024
30.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/finland/maldives | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1882–1996, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.