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Economy of Finland vs Mauritania compared: GDP & Debt

Updated on by Georank team

Finland has a GDP of $299B compared to $10.9B for Mauritania, ranking 47/197 and 153/197 by economy size, respectively.

Finland has $245B in government debt (82.1% of GDP), compared to $4.67B (42.8% of GDP) in Mauritania.

Finland vs Mauritania GDP by year

Finland
Mauritania
1x
Year GDP, current $
Finland Mauritania
2024 $298,696,961,298 $10,908,045,687
2023 $295,021,982,463 $10,726,838,461
2022 $280,253,099,309 $9,557,966,698
2021 $294,223,210,496 $9,222,536,364
2020 $270,000,311,606 $8,260,752,385
2019 $267,014,821,129 $7,894,764,886
2018 $273,869,255,596 $7,473,550,557
2017 $253,846,138,440 $6,800,135,898
2016 $238,777,818,793 $6,398,747,592
2015 $233,210,733,506 $6,166,863,897
2014 $273,478,528,955 $6,592,537,782
2013 $270,268,036,626 $7,223,071,097
2012 $257,443,384,493 $6,728,208,836
2011 $275,126,915,516 $6,764,627,746
2010 $249,429,613,683 $5,628,878,798
2009 $253,480,783,439 $4,714,595,548
2008 $285,698,662,071 $5,206,437,194
2007 $256,360,251,538 $4,346,212,355
2006 $217,044,068,234 $3,919,577,286
2005 $204,859,368,791 $2,936,019,526
2004 $197,458,297,640 $2,362,501,023
2003 $171,612,867,736 $2,051,147,607
2002 $140,360,963,812 $1,777,057,481
2001 $129,519,672,869 $1,746,063,558
2000 $125,967,821,111 $1,779,520,886
1999 $135,234,241,918 $1,985,922,776
1998 $133,990,876,725 $2,032,347,665
1997 $126,862,902,302 $2,071,996,564
1996 $131,991,975,149 $2,132,087,009
1995 $134,060,457,516 $2,091,726,101
1994 $103,182,697,780 $1,944,876,755
1993 $89,112,105,756 $1,847,353,211
1992 $112,537,828,511 $2,164,298,425
1991 $127,794,441,994 $2,133,692,697
1990 $141,446,120,355 $1,506,914,408
1989 $118,991,270,611 $1,450,647,019
1988 $109,039,090,263 $1,414,951,290
1987 $91,564,993,913 $1,344,664,725
1986 $73,511,611,541 $1,186,628,778
1985 $55,856,676,899 $1,009,723,326
1984 $52,870,993,273 $1,074,373,230
1983 $50,956,447,481 $1,165,171,263
1982 $52,784,013,815 $1,108,776,653
1981 $52,440,066,134 $1,105,494,682
1980 $53,649,984,061 $1,047,925,106
1979 $44,469,218,440 $951,900,945
1978 $36,259,392,058 $804,629,877
1977 $33,502,784,418 $799,030,017
1976 $31,852,352,670 $775,045,517
1975 $29,475,251,333 $703,377,837
1974 $24,851,036,710 $613,010,553
1973 $19,474,098,335 $493,237,876
1972 $14,744,499,570 $391,669,449
1971 $12,528,522,307 $335,568,907
1970 $11,358,529,162 $309,405,316
1969 $10,177,524,839 $295,062,308
1968 $8,916,565,041 $311,395,937
1967 $9,468,272,357 $282,615,310
1966 $9,306,142,172 $266,533,605
1965 $8,680,393,839 $255,340,475
1964 $7,848,987,793 $224,495,744
1963 $6,958,916,548 $168,186,297
1962 $6,407,796,043 $164,271,558
1961 $5,984,433,774 $159,213,430
1960 $5,279,481,824 -

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

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

GDP per capita in Finland vs Mauritania by year

Finland
GDP per capita

GDP per capita, PPP
Mauritania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Finland Mauritania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $53,150 $65,378 $2,110 $7,369
2023 $52,834 $63,415 $2,136 $6,966
2022 $50,441 $62,133 $1,960 $6,485
2021 $53,099 $56,790 $1,948 $5,837
2020 $48,829 $53,297 $1,796 $5,741
2019 $48,358 $52,276 $1,767 $5,610
2018 $49,654 $49,249 $1,723 $5,429
2017 $46,085 $47,235 $1,615 $5,353
2016 $43,451 $44,562 $1,566 $4,683
2015 $42,560 $42,258 $1,555 $3,978
2014 $50,074 $41,547 $1,713 $3,865
2013 $49,691 $41,326 $1,934 $3,831
2012 $47,552 $40,739 $1,859 $3,465
2011 $51,060 $40,846 $1,931 $3,271
2010 $46,506 $38,946 $1,660 $3,178
2009 $47,478 $37,988 $1,435 $3,159
2008 $53,769 $40,081 $1,636 $3,236
2007 $48,473 $37,843 $1,405 $3,278
2006 $41,214 $34,440 $1,301 $3,342
2005 $39,050 $32,048 $999 $2,809
2004 $37,768 $31,195 $824 $2,570
2003 $32,920 $29,043 $732 $2,447
2002 $26,989 $28,596 $649 $2,296
2001 $24,965 $27,798 $652 $2,280
2000 $24,336 $26,783 $681 $2,304
1999 $26,180 $24,762 $781 $2,411
1998 $26,000 $23,570 $821 $2,355
1997 $24,682 $21,787 $859 $2,325
1996 $25,757 $20,067 $904 $2,436
1995 $26,246 $19,568 $905 $2,306
1994 $20,278 $18,458 $865 $2,114
1993 $17,589 $17,458 $850 $2,209
1992 $22,320 $17,271 $1,036 $2,122
1991 $25,489 $17,563 $1,062 $2,116
1990 $28,366 $18,149 $772 $2,070
1989 $23,969 - $762 -
1988 $22,044 - $762 -
1987 $18,565 - $746 -
1986 $14,947 - $677 -
1985 $11,394 - $593 -
1984 $10,830 - $650 -
1983 $10,494 - $725 -
1982 $10,935 - $710 -
1981 $10,925 - $729 -
1980 $11,225 - $711 -
1979 $9,333 - $664 -
1978 $7,629 - $578 -
1977 $7,070 - $590 -
1976 $6,740 - $589 -
1975 $6,256 - $551 -
1974 $5,298 - $494 -
1973 $4,174 - $410 -
1972 $3,178 - $335 -
1971 $2,716 - $296 -
1970 $2,466 - $281.3 -
1969 $2,201 - $276.6 -
1968 $1,927 - $301 -
1967 $2,056 - $281.5 -
1966 $2,032 - $273.6 -
1965 $1,902 - $270 -
1964 $1,726 - $244.3 -
1963 $1,538 - $188.2 -
1962 $1,427 - $189 -
1961 $1,341 - $188.2 -
1960 $1,192 - - -

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

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

Finland's GDP per capita is $53,150, ranking 23/197, compared to $2,110 in Mauritania, ranking 156/197. Adjusted for purchasing power (GDP per capita PPP), Finland ranks 27th at $65,378, while Mauritania ranks 147th at $7,369.

Economic indicators

Finland Mauritania
Gross domestic product
$299B
2024
$10.9B
2024
GDP rank
47/197
2024
153/197
2024
GDP growth
0.42%
2023-2024
6.31%
2023-2024
GDP per capita
$53,150
2024
$2,110
2024
GDP per capita rank
23/197
2024
156/197
2024
GDP per capita, PPP
$65,378
2024
$7,369
2024
GDP per capita PPP rank
27/197
2024
147/197
2024
Government debt
$245B
2024
$4.67B
2024
Debt-to-GDP ratio
82.1%
2024
42.8%
2024
Government debt per person
$43,662
2024
$904
2024
Government debt per person rank
12/185
2024
145/185
2024
Average annual personal income after taxes
$36,394
2026
$2,078
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
24.6%
2019
Income share by poorest 10%
3.7%
2023
3.1%
2019
Government expenditure, % of GDP
57.7%
2024
23.6%
2024
Consumer prices inflation
1.57%
2023-2024
2.49%
2023-2024
Unemployment rate
8.34%
2024
10.4%
2019
Population
5631965
5505206

Spending and national debt comparison by year

Finland
Spending

Debt
Mauritania
Spending

Debt
1x
Year % of GDP
Finland Mauritania
Government spending Government debt Government spending Government debt
2024 57.7% 82.1% 23.6% 42.8%
2023 55.9% 77.5% 24.8% 47.1%
2022 52.6% 74% 28.7% 50.5%
2021 55.2% 73.2% 20.8% 54.5%
2020 56.5% 75.3% 18.5% 56.5%
2019 52.6% 65.3% 17.8% 57.7%
2018 52.7% 65.3% 19% 59.2%
2017 52.8% 66.6% 20.3% 55.7%
2016 55.1% 68.6% 20.8% 57.6%
2015 55.7% 68.8% 25.7% 59.9%
2014 57.6% 64.8% 23.9% 49.5%
2013 57.1% 60.8% 20.1% 40.7%
2012 55.7% 57.9% 21.5% 39.3%
2011 53.8% 52% 17% 38.8%
2010 54% 50.1% 17.3% 43.9%
2009 54.1% 41.5% 19.6% 54.3%
2008 47.9% 32.6% 19.8% 57.2%
2007 46.7% 33.9% 19.7% 61.5%
2006 48.3% 38% 19% 38%
2005 49.2% 39.9% 21.3% 71.1%
2004 48.2% 42.6% 23.9% 22%
2003 48.3% 42.7% - 22.9%
2002 47.5% 40.1% - 59.5%
2001 46.2% 40.9% - 63.5%
2000 46.9% 42.4% - 55.5%
1999 49.9% 44% - -
1998 51.3% 46.8% - -
1997 54.9% 52.2% - -
1996 58.5% 55.4% - -
1995 60% 55.2% - -
1994 62.2% 56.2% - -
1993 63.7% 54.2% - -
1992 60.8% 39.3% - -
1991 55.8% 21.9% - -
1990 47.1% 13.9% - -
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 (1960–1989, retrieved 2026-02-20).

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

In 2024, Finland's government spending was $172B, accounting for 57.7% of its GDP, while Mauritania spent $2.57B, or 23.6% of GDP.

Debt-to-GDP ratio is 82.1% in Finland and 42.8% in Mauritania, ranking 42/185 and 126/185, respectively.

Government deficit by year

Deficit/surplus
Finland

Mauritania
1x
Year Deficit/surplus, % of GDP
Finland Mauritania
2024 -4.41% -1.35%
2023 -2.98% -2.45%
2022 -0.18% -3.09%
2021 -2.69% 2.6%
2020 -5.53% 2.78%
2019 -0.93% 2.65%
2018 -0.87% 3.23%
2017 -0.63% 0.53%
2016 -1.7% 0.13%
2015 -2.43% -2.44%
2014 -2.99% -2.64%
2013 -2.52% -0.66%
2012 -2.15% 1.67%
2011 -1.01% 0.07%
2010 -2.57% -0.45%
2009 -2.48% -3.59%
2008 4.18% -3.32%
2007 5.12% -1.38%
2006 3.93% 2.05%
2005 2.59% -3.16%
2004 2.16% -3.06%
2003 2.34% -
2002 3.97% -
2001 4.89% -
2000 6.73% -
1999 1.6% -
1998 1.54% -
1997 -1.33% -
1996 -3.37% -
1995 -5.98% -
1994 -6.41% -
1993 -8.09% -
1992 -4.88% -
1991 0.3% -
1990 6.63% -
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/mauritania | 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 Mauritania's deficit of $148M, or 1.35% of GDP.

Over the past 21 years, Finland recorded a fiscal deficit in 16 of those years, while Mauritania ran a deficit in 12 years. On average, Finland posted an annual deficit equal to 0.86% of GDP, compared to deficit of 0.57% of GDP for Mauritania.

Inflation comparison by year

Inflation
Finland

Mauritania
1x
Year Consumer prices inflation
Finland Mauritania
2024 1.57% 2.49%
2023 6.25% 4.95%
2022 7.12% 9.53%
2021 2.19% 3.57%
2020 0.29% 2.39%
2019 1.02% 2.3%
2018 1.08% 3.07%
2017 0.75% 2.25%
2016 0.36% 1.47%
2015 -0.21% 3.25%
2014 1.04% 3.53%
2013 1.48% 4.13%
2012 2.81% 4.9%
2011 3.42% 5.69%
2010 1.18% 6.28%
2009 -0% 2.22%
2008 4.07% 7.35%
2007 2.51% 7.25%
2006 1.57% 6.24%
2005 0.62% 12.1%
2004 0.19% 10.4%
2003 0.88% 5.15%
2002 1.57% 3.9%
2001 2.58% 4.71%
2000 3.04% 3.25%
1999 1.16% 4.07%
1998 1.4% 8.03%
1997 1.19% 4.63%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Finland has recorded an average annual inflation rate of 1.83%, compared with 4.97% in Mauritania. In 2024, inflation was 1.57% in Finland and 2.49% in Mauritania.

Top exports between countries

Finland
Export category Export value
Machinery & equipment $3.34M
Wood & paper products $161K
Raw materials & minerals $91K
Chemicals & pharma $21K
Textiles & consumer goods $10K
Metals $8K
Mauritania
Export category Export value
Animal & marine products $161K
Machinery & equipment $23K
Raw materials & minerals $3K

Balance of trade

Finland Mauritania
Current account balance
-$1.99B
2024
-$1.04B
2024
Current account balance ranking
143/190
2024
124/190
2024
Current account balance, % of GDP
-0.67%
2024
-9.53%
2024
Goods imports
$76.6B
2024
$4.32B
2024
Goods exports
$83.1B
2024
$3.83B
2024
Service imports
$47.4B
2024
$1.05B
2024
Service exports
$42B
2024
$230M
2024
Imports of goods and services, % of GDP
41.6%
2024
52.2%
2024
Exports of goods and services, % of GDP
41.9%
2024
41.4%
2024

Economic freedom indices

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

Finland Mauritania
Economic freedom 76.6 53.9
Economic freedom ranking 15/197 136/197
Property rights 99.9 32.6
Government integrity 95.4 24.5
Judicial effectiveness 96.4 26.4
Tax burden 68.4 75.5
Government spending 7.9 80.2
Fiscal health 76.3 87.9
Business freedom 85.3 38.7
Labor freedom 65.4 53.6
Monetary freedom 80.3 77.8
Trade freedom 79.4 59.6
Investment freedom 85 50
Financial freedom 80 40

Economic freedom comparison by year

Finland
Mauritania
1x
Year Economic freedom index
Finland Mauritania
2026 76.6 53.9
2025 77 54.9
2024 76.3 55.3
2023 77.1 55.3
2022 78.3 55.3
2021 76.1 56.1
2020 75.7 55.3
2019 74.9 55.7
2018 74.1 54
2017 74 54.4
2016 72.6 54.8
2015 73.4 53.3
2014 73.4 53.2
2013 74 52.3
2012 72.3 53
2011 74 52.1
2010 73.8 52
2009 74.5 53.9
2008 74.6 55.2
2007 74 53.6
2006 72.9 55.7
2005 71 59.4
2004 73.4 61.8
2003 73.7 59
2002 73.6 52.5
2001 69.7 48.5
2000 64.3 46
1999 63.9 42.8
1998 63.5 43.7
1997 65.2 47
1996 63.7 45.5

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

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

The Economic Freedom Index for Finland is 76.6, ranking 15/197, compared to 53.9 for Mauritania, ranking 136/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Finland Mauritania
Services, % of GDP
62.2%
2024
42.4%
2024
Industry, % of GDP
22.8%
2024
30.5%
2024
Agriculture, forestry, and fishing, % of GDP
2.47%
2024
19.3%
2024
GNI, Atlas method
$290B
2024
$11B
2024
GNI per capita, PPP
$65,640
2024
$7,300
2024
Total reserves including gold
$18B
2024
$2.04B
2021
Total reserves ranking
65/177
2024
126/177
2021
Net foreign direct investment
$3.28B
2024
-$1.44B
2024
Net inflows of foreign direct investment
$8.74B
2024
$1.44B
2024
Net outflows of foreign direct investment
$12B
2024
$3.9M
2024
Servicing debt to the IMF, % of GNI n/a
3.82%
2024
Poverty at national poverty lines
12.2%
2022
31.8%
2019
Gross capital formation, % of GDP
22.3%
2024
43.1%
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/mauritania | 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 (1882–1989, 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 (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.