Skip to content

Economy of Finland vs Moldova compared: GDP & Debt

Updated on by Georank team

Finland has a GDP of $299B compared to $18.2B for Moldova, ranking 47/197 and 134/197 by economy size, respectively.

Finland has $245B in government debt (82.1% of GDP), compared to $7.06B (38.8% of GDP) in Moldova.

Finland vs Moldova GDP by year

Finland
Moldova
1x
Year GDP, current $
Finland Moldova
2024 $298,696,961,298 $18,200,340,854
2023 $295,021,982,463 $16,711,906,746
2022 $280,253,099,309 $14,525,337,524
2021 $294,223,210,496 $13,691,869,264
2020 $270,000,311,606 $11,530,746,234
2019 $267,014,821,129 $11,736,797,055
2018 $273,869,255,596 $11,252,353,421
2017 $253,846,138,440 $9,514,404,016
2016 $238,777,818,793 $7,980,917,076
2015 $233,210,733,506 $7,797,667,197
2014 $273,478,528,955 $9,402,090,138
2013 $270,268,036,626 $9,496,717,876
2012 $257,443,384,493 $8,709,138,635
2011 $275,126,915,516 $8,414,352,020
2010 $249,429,613,683 $6,974,982,370
2009 $253,480,783,439 $5,439,434,272
2008 $285,698,662,071 $6,054,824,248
2007 $256,360,251,538 $4,401,173,152
2006 $217,044,068,234 $3,408,255,451
2005 $204,859,368,791 $2,988,342,907
2004 $197,458,297,640 $2,598,249,556
2003 $171,612,867,736 $1,980,907,435
2002 $140,360,963,812 $1,661,818,168
2001 $129,519,672,869 $1,480,673,594
2000 $125,967,821,111 $1,288,429,392
1999 $135,234,241,918 $1,170,782,957
1998 $133,990,876,725 $1,698,717,505
1997 $126,862,902,302 $1,930,081,169
1996 $131,991,975,149 $1,695,122,174
1995 $134,060,457,516 $1,752,999,370
1994 $103,182,697,780 $1,702,314,268
1993 $89,112,105,756 $2,371,813,324
1992 $112,537,828,511 $2,319,243,436
1991 $127,794,441,994 $3,094,565,871
1990 $141,446,120,355 $3,592,857,043
1989 $118,991,270,611 -
1988 $109,039,090,263 -
1987 $91,564,993,913 -
1986 $73,511,611,541 -
1985 $55,856,676,899 -
1984 $52,870,993,273 -
1983 $50,956,447,481 -
1982 $52,784,013,815 -
1981 $52,440,066,134 -
1980 $53,649,984,061 -
1979 $44,469,218,440 -
1978 $36,259,392,058 -
1977 $33,502,784,418 -
1976 $31,852,352,670 -
1975 $29,475,251,333 -
1974 $24,851,036,710 -
1973 $19,474,098,335 -
1972 $14,744,499,570 -
1971 $12,528,522,307 -
1970 $11,358,529,162 -
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/moldova | CC BY

GDP per capita in Finland vs Moldova by year

Finland
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Finland Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $53,150 $65,378 $7,576 $18,615
2023 $52,834 $63,415 $6,800 $17,747
2022 $50,441 $62,133 $5,744 $16,453
2021 $53,099 $56,790 $5,275 $15,682
2020 $48,829 $53,297 $4,376 $13,527
2019 $48,358 $52,276 $4,405 $13,413
2018 $49,654 $49,249 $4,156 $11,868
2017 $46,085 $47,235 $3,453 $11,252
2016 $43,451 $44,562 $2,847 $10,326
2015 $42,560 $42,258 $2,750 $9,198
2014 $50,074 $41,547 $3,290 $8,643
2013 $49,691 $41,326 $3,321 $8,233
2012 $47,552 $40,739 $3,045 $7,255
2011 $51,060 $40,846 $2,941 $6,833
2010 $46,506 $38,946 $2,437 $6,323
2009 $47,478 $37,988 $1,898 $5,827
2008 $53,769 $40,081 $2,111 $6,153
2007 $48,473 $37,843 $1,531 $5,590
2006 $41,214 $34,440 $1,183 $5,271
2005 $39,050 $32,048 $1,034 $4,866
2004 $37,768 $31,195 $897 $4,378
2003 $32,920 $29,043 $682 $3,960
2002 $26,989 $28,596 $571 $3,633
2001 $24,965 $27,798 $507 $3,311
2000 $24,336 $26,783 $441 $3,045
1999 $26,180 $24,762 $399 $2,910
1998 $26,000 $23,570 $579 $2,965
1997 $24,682 $21,787 $657 $3,136
1996 $25,757 $20,067 $575 $3,021
1995 $26,246 $19,568 $594 $3,146
1994 $20,278 $18,458 $574 $3,111
1993 $17,589 $17,458 $797 $4,394
1992 $22,320 $17,271 $778 $4,337
1991 $25,489 $17,563 $1,038 $5,980
1990 $28,366 $18,149 $1,207 $6,895
1989 $23,969 - - -
1988 $22,044 - - -
1987 $18,565 - - -
1986 $14,947 - - -
1985 $11,394 - - -
1984 $10,830 - - -
1983 $10,494 - - -
1982 $10,935 - - -
1981 $10,925 - - -
1980 $11,225 - - -
1979 $9,333 - - -
1978 $7,629 - - -
1977 $7,070 - - -
1976 $6,740 - - -
1975 $6,256 - - -
1974 $5,298 - - -
1973 $4,174 - - -
1972 $3,178 - - -
1971 $2,716 - - -
1970 $2,466 - - -
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/moldova | CC BY

Finland's GDP per capita is $53,150, ranking 23/197, compared to $7,576 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Finland ranks 27th at $65,378, while Moldova ranks 100th at $18,615.

Economic indicators

Finland Moldova
Gross domestic product
$299B
2024
$18.2B
2024
GDP rank
47/197
2024
134/197
2024
GDP growth
0.42%
2023-2024
0.1%
2023-2024
GDP per capita
$53,150
2024
$7,576
2024
GDP per capita rank
23/197
2024
99/197
2024
GDP per capita, PPP
$65,378
2024
$18,615
2024
GDP per capita PPP rank
27/197
2024
100/197
2024
Government debt
$245B
2024
$7.06B
2024
Debt-to-GDP ratio
82.1%
2024
38.8%
2024
Government debt per person
$43,662
2024
$2,938
2024
Government debt per person rank
12/185
2024
102/185
2024
Average annual personal income after taxes
$36,394
2026
$4,291
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
22.8%
2023
Income share by poorest 10%
3.7%
2023
4.3%
2023
Government expenditure, % of GDP
57.7%
2024
38%
2024
Consumer prices inflation
1.57%
2023-2024
4.68%
2023-2024
Central bank interest rate n/a
6%
2025
Unemployment rate
8.34%
2024
1.43%
2024
Population
5631965
2341166

Spending and national debt comparison by year

Finland
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
Finland Moldova
Government spending Government debt Government spending Government debt
2024 57.7% 82.1% 38% 38.8%
2023 55.9% 77.5% 38.8% 34.9%
2022 52.6% 74% 36.6% 35%
2021 55.2% 73.2% 34.6% 33.6%
2020 56.5% 75.3% 36.7% 36.6%
2019 52.6% 65.3% 32% 28.8%
2018 52.7% 65.3% 31.5% 31.8%
2017 52.8% 66.6% 31% 34.9%
2016 55.1% 68.6% 30.5% 39.7%
2015 55.7% 68.8% 31.7% 42.1%
2014 57.6% 64.8% 33.8% 35.4%
2013 57.1% 60.8% 32.4% 30%
2012 55.7% 57.9% 33.7% 31.3%
2011 53.8% 52% 32.6% 24.2%
2010 54% 50.1% 34.1% 25.5%
2009 54.1% 41.5% 45.3% 32.6%
2008 47.9% 32.6% 41.5% 22.2%
2007 46.7% 33.9% 42.7% 28.3%
2006 48.3% 38% 40.3% 35%
2005 49.2% 39.9% 37.1% 40.4%
2004 48.2% 42.6% 34.8% 49.3%
2003 48.3% 42.7% 33.5% 68.1%
2002 47.5% 40.1% 30.7% 80.3%
2001 46.2% 40.9% 29.5% 85.4%
2000 46.9% 42.4% 34% 89.1%
1999 49.9% 44% 33% 150.7%
1998 51.3% 46.8% 39.1% 159.4%
1997 54.9% 52.2% 46% 89%
1996 58.5% 55.4% 43.3% 87.5%
1995 60% 55.2% 42% 79.5%
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/moldova | CC BY

In 2024, Finland's government spending was $172B, accounting for 57.7% of its GDP, while Moldova spent $6.91B, or 38% of GDP.

Debt-to-GDP ratio is 82.1% in Finland and 38.8% in Moldova, ranking 42/185 and 137/185, respectively.

Government deficit by year

Deficit/surplus
Finland

Moldova
1x
Year Deficit/surplus, % of GDP
Finland Moldova
2024 -4.41% -3.88%
2023 -2.98% -5.13%
2022 -0.18% -3.24%
2021 -2.69% -2.62%
2020 -5.53% -5.32%
2019 -0.93% -1.47%
2018 -0.87% -0.85%
2017 -0.63% -0.65%
2016 -1.7% -1.56%
2015 -2.43% -1.93%
2014 -2.99% -1.6%
2013 -2.52% -1.57%
2012 -2.15% -1.93%
2011 -1.01% -2.05%
2010 -2.57% -2.18%
2009 -2.48% -6.38%
2008 4.18% -0.87%
2007 5.12% 0.15%
2006 3.93% -0.42%
2005 2.59% 1.44%
2004 2.16% 0.59%
2003 2.34% 0.47%
2002 3.97% -1.18%
2001 4.89% -0.34%
2000 6.73% -3.55%
1999 1.6% -2.64%
1998 1.54% -1.52%
1997 -1.33% -7.47%
1996 -3.37% -7.42%
1995 -5.98% -2.58%
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/moldova | 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 Moldova's deficit of $707M, or 3.88% of GDP.

Over the past 30 years, Finland recorded a fiscal deficit in 19 of those years, while Moldova ran a deficit in 26 years. On average, Finland posted an annual deficit equal to 0.26% of GDP, compared to deficit of 2.26% of GDP for Moldova.

Inflation comparison by year

Inflation
Finland

Moldova
1x
Year Consumer prices inflation
Finland Moldova
2024 1.57% 4.68%
2023 6.25% 13.4%
2022 7.12% 28.7%
2021 2.19% 5.11%
2020 0.29% 3.77%
2019 1.02% 4.84%
2018 1.08% 3.05%
2017 0.75% 6.57%
2016 0.36% 6.36%
2015 -0.21% 9.68%
2014 1.04% 5.09%
2013 1.48% 4.6%
2012 2.81% 4.55%
2011 3.42% 7.69%
2010 1.18% 7.48%
2009 -0% -0.06%
2008 4.07% 12.8%
2007 2.51% 12.4%
2006 1.57% 12.8%
2005 0.62% 12%
2004 0.19% 12.5%
2003 0.88% 11.7%
2002 1.57% 5.3%
2001 2.58% 9.76%
2000 3.04% 31.3%
1999 1.16% 39.3%
1998 1.4% 7.7%
1997 1.19% 11.8%

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

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

Over the past 28 years, Finland has recorded an average annual inflation rate of 1.83%, compared with 10.5% in Moldova. In 2024, inflation was 1.57% in Finland and 4.68% in Moldova.

Top exports between countries

Finland
Export category Export value
Machinery & equipment $6.78M
Wood & paper products $2.41M
Metals $1.19M
Animal & marine products $940K
Chemicals & pharma $888K
Processed food, beverages & tobacco $614K
Raw materials & minerals $428K
Textiles & consumer goods $195K
Miscellaneous $77K
Weapons & explosives $13K
Moldova
Export category Export value
Raw agricultural goods $391K
Processed food, beverages & tobacco $120K
Textiles & consumer goods $64K
Metals $35K
Chemicals & pharma $22K
Wood & paper products $17K

Balance of trade

Finland Moldova
Current account balance
-$1.99B
2024
-$3.01B
2024
Current account balance ranking
143/190
2024
156/190
2024
Current account balance, % of GDP
-0.67%
2024
-16.6%
2024
Goods imports
$76.6B
2024
$8.63B
2024
Goods exports
$83.1B
2024
$3.01B
2024
Service imports
$47.4B
2024
$1.8B
2024
Service exports
$42B
2024
$2.73B
2024
Imports of goods and services, % of GDP
41.6%
2024
57.3%
2024
Exports of goods and services, % of GDP
41.9%
2024
31.4%
2024

Economic freedom indices

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

Finland Moldova
Economic freedom 76.6 58.1
Economic freedom ranking 15/197 112/197
Property rights 99.9 40.4
Government integrity 95.4 45.1
Judicial effectiveness 96.4 32.4
Tax burden 68.4 87.9
Government spending 7.9 57.2
Fiscal health 76.3 70.3
Business freedom 85.3 68.3
Labor freedom 65.4 48.1
Monetary freedom 80.3 66
Trade freedom 79.4 76.8
Investment freedom 85 55
Financial freedom 80 50

Economic freedom comparison by year

Finland
Moldova
1x
Year Economic freedom index
Finland Moldova
2026 76.6 58.1
2025 77 58.3
2024 76.3 57.1
2023 77.1 58.5
2022 78.3 61.3
2021 76.1 62.5
2020 75.7 62
2019 74.9 59.1
2018 74.1 58.4
2017 74 58
2016 72.6 57.4
2015 73.4 57.5
2014 73.4 57.3
2013 74 55.5
2012 72.3 54.4
2011 74 55.7
2010 73.8 53.7
2009 74.5 54.9
2008 74.6 57.9
2007 74 58.7
2006 72.9 58
2005 71 57.4
2004 73.4 57.1
2003 73.7 60
2002 73.6 57.4
2001 69.7 54.9
2000 64.3 59.6
1999 63.9 56.1
1998 63.5 53.5
1997 65.2 48.9
1996 63.7 52.5
1995 - 33

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Finland is 76.6, ranking 15/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Finland Moldova
Services, % of GDP
62.2%
2024
62.3%
2024
Industry, % of GDP
22.8%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.47%
2024
7.11%
2024
GNI, Atlas method
$290B
2024
$16.5B
2024
GNI per capita, PPP
$65,640
2024
$18,710
2024
Total reserves including gold
$18B
2024
$5.48B
2024
Total reserves ranking
65/177
2024
96/177
2024
Net foreign direct investment
$3.28B
2024
-$360M
2024
Net inflows of foreign direct investment
$8.74B
2024
$458M
2024
Net outflows of foreign direct investment
$12B
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI n/a
6.22%
2024
Poverty at national poverty lines
12.2%
2022
31.6%
2023
Gross capital formation, % of GDP
22.3%
2024
21.1%
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/moldova | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (1995–2026, 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)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.