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Economy of Finland vs Myanmar compared: GDP & Debt

Updated on by Georank team

Finland has a GDP of $299B compared to $74.1B for Myanmar, ranking 47/197 and 85/197 by economy size, respectively.

Finland has $245B in government debt (82.1% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Finland vs Myanmar GDP by year

Finland
Myanmar
1x
Year GDP, current $
Finland Myanmar
2024 $298,696,961,298 $74,068,349,524
2023 $295,021,982,463 $66,757,619,000
2022 $280,253,099,309 $62,253,049,903
2021 $294,223,210,496 $66,345,291,149
2020 $270,000,311,606 $79,006,113,670
2019 $267,014,821,129 $75,065,106,243
2018 $273,869,255,596 $67,860,515,993
2017 $253,846,138,440 $66,053,040,475
2016 $238,777,818,793 $63,298,361,984
2015 $233,210,733,506 $59,607,290,408
2014 $273,478,528,955 $65,531,374,210
2013 $270,268,036,626 $60,269,732,855
2012 $257,443,384,493 $59,937,796,648
2011 $275,126,915,516 $59,977,326,086
2010 $249,429,613,683 $49,540,813,342
2009 $253,480,783,439 $36,906,181,381
2008 $285,698,662,071 $31,862,554,102
2007 $256,360,251,538 $20,182,477,481
2006 $217,044,068,234 $14,502,553,710
2005 $204,859,368,791 $11,986,972,419
2004 $197,458,297,640 $10,567,354,056
2003 $171,612,867,736 $10,467,109,978
2002 $140,360,963,812 $6,777,632,512
2001 $129,519,672,869 $6,477,790,688
2000 $125,967,821,111 $8,905,066,164
1999 $135,234,241,918 $8,486,832,801
1998 $133,990,876,725 $6,459,461,639
1997 $126,862,902,302 $4,722,288,496
1996 $131,991,975,149 $6,123,556,717
1995 $134,060,457,516 $5,289,174,943
1994 $103,182,697,780 $4,432,257,174
1993 $89,112,105,756 $3,163,020,035
1992 $112,537,828,511 $2,411,552,289
1991 $127,794,441,994 $2,069,832,687
1990 $141,446,120,355 $2,115,193,513
1989 $118,991,270,611 $2,013,448,229
1988 $109,039,090,263 $1,541,088,312
1987 $91,564,993,913 $1,562,448,077
1986 $73,511,611,541 $1,582,873,750
1985 $55,856,676,899 $1,478,908,173
1984 $52,870,993,273 $1,304,063,253
1983 $50,956,447,481 $1,381,573,615
1982 $52,784,013,815 $1,481,165,468
1981 $52,440,066,134 $1,111,000,765
1980 $53,649,984,061 $1,038,225,167
1979 $44,469,218,440 $952,265,043
1978 $36,259,392,058 $935,408,775
1977 $33,502,784,418 $873,579,932
1976 $31,852,352,670 $1,204,699,849
1975 $29,475,251,333 $1,061,107,354
1974 $24,851,036,710 $1,225,589,878
1973 $19,474,098,335 $719,754,655
1972 $14,744,499,570 $662,213,083
1971 $12,528,522,307 $587,448,405
1970 $11,358,529,162 $563,555,631
1969 $10,177,524,839 $571,854,215
1968 $8,916,565,041 $559,956,130
1967 $9,468,272,357 $420,359,036
1966 $9,306,142,172 $293,103,479
1965 $8,680,393,839 $367,053,117
1964 $7,848,987,793 $411,419,906
1963 $6,958,916,548 $598,998,419
1962 $6,407,796,043 $634,528,872
1961 $5,984,433,774 $605,581,577
1960 $5,279,481,824 $545,098,448

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

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

GDP per capita in Finland vs Myanmar by year

Finland
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Finland Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $53,150 $65,378 $1,359 $5,997
2023 $52,834 $63,415 $1,233 $5,953
2022 $50,441 $62,133 $1,158 $5,732
2021 $53,099 $56,790 $1,243 $5,178
2020 $48,829 $53,297 $1,490 $5,741
2019 $48,358 $52,276 $1,426 $6,101
2018 $49,654 $49,249 $1,298 $5,581
2017 $46,085 $47,235 $1,273 $4,706
2016 $43,451 $44,562 $1,229 $4,460
2015 $42,560 $42,258 $1,167 $4,459
2014 $50,074 $41,547 $1,293 $4,376
2013 $49,691 $41,326 $1,199 $4,144
2012 $47,552 $40,739 $1,203 $3,845
2011 $51,060 $40,846 $1,214 $3,579
2010 $46,506 $38,946 $1,011 $3,348
2009 $47,478 $37,988 $758 $3,040
2008 $53,769 $40,081 $658 $2,748
2007 $48,473 $37,843 $419 $2,459
2006 $41,214 $34,440 $303 $2,153
2005 $39,050 $32,048 $252.7 $1,860
2004 $37,768 $31,195 $224.5 $1,601
2003 $32,920 $29,043 $224.3 $1,385
2002 $26,989 $28,596 $146.6 $1,204
2001 $24,965 $27,798 $141.5 $1,069
2000 $24,336 $26,783 $196.6 $949
1999 $26,180 $24,762 $189.5 $825
1998 $26,000 $23,570 $146 $742
1997 $24,682 $21,787 $108 $702
1996 $25,757 $20,067 $141.9 $661
1995 $26,246 $19,568 $124.1 $618
1994 $20,278 $18,458 $105.4 $573
1993 $17,589 $17,458 $76.2 $529
1992 $22,320 $17,271 $58.9 $494
1991 $25,489 $17,563 $51.2 $447
1990 $28,366 $18,149 $53.1 $441
1989 $23,969 - $51.3 -
1988 $22,044 - $39.9 -
1987 $18,565 - $41.1 -
1986 $14,947 - $42.4 -
1985 $11,394 - $40.4 -
1984 $10,830 - $36.3 -
1983 $10,494 - $39.3 -
1982 $10,935 - $43 -
1981 $10,925 - $32.8 -
1980 $11,225 - $31.2 -
1979 $9,333 - $29.2 -
1978 $7,629 - $29.3 -
1977 $7,070 - $27.9 -
1976 $6,740 - $39.2 -
1975 $6,256 - $35.2 -
1974 $5,298 - $41.4 -
1973 $4,174 - $24.8 -
1972 $3,178 - $23.3 -
1971 $2,716 - $21.1 -
1970 $2,466 - $20.7 -
1969 $2,201 - $21.5 -
1968 $1,927 - $21.5 -
1967 $2,056 - $16.5 -
1966 $2,032 - $11.8 -
1965 $1,902 - $15.1 -
1964 $1,726 - $17.3 -
1963 $1,538 - $25.8 -
1962 $1,427 - $27.9 -
1961 $1,341 - $27.3 -
1960 $1,192 - $25.1 -

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

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

Finland's GDP per capita is $53,150, ranking 23/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Finland ranks 27th at $65,378, while Myanmar ranks 153rd at $5,997.

Economic indicators

Finland Myanmar
Gross domestic product
$299B
2024
$74.1B
2024
GDP rank
47/197
2024
85/197
2024
GDP growth
0.42%
2023-2024
-0.97%
2023-2024
GDP per capita
$53,150
2024
$1,359
2024
GDP per capita rank
23/197
2024
165/197
2024
GDP per capita, PPP
$65,378
2024
$5,997
2024
GDP per capita PPP rank
27/197
2024
153/197
2024
Government debt
$245B
2024
$44B
2024
Debt-to-GDP ratio
82.1%
2024
59.3%
2024
Government debt per person
$43,662
2024
$806
2024
Government debt per person rank
12/185
2024
150/185
2024
Average annual personal income after taxes
$36,394
2026
$1,646
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
25.5%
2017
Income share by poorest 10%
3.7%
2023
3.8%
2017
Government expenditure, % of GDP
57.7%
2024
20.7%
2024
Consumer prices inflation
1.57%
2023-2024
8.83%
2018-2019
Unemployment rate
8.34%
2024
1.48%
2020
Population
5631965
55292116

Spending and national debt comparison by year

Finland
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Finland Myanmar
Government spending Government debt Government spending Government debt
2024 57.7% 82.1% 20.7% 59.3%
2023 55.9% 77.5% 21.4% 59.1%
2022 52.6% 74% 21.3% 56.1%
2021 55.2% 73.2% 20.9% 63.4%
2020 56.5% 75.3% 21.3% 49.1%
2019 52.6% 65.3% 20.5% 37.6%
2018 52.7% 65.3% 18.7% 39.9%
2017 52.8% 66.6% 19.7% 41.9%
2016 55.1% 68.6% 21.3% 35.7%
2015 55.7% 68.8% 23.7% 36.6%
2014 57.6% 64.8% 24.7% 34.5%
2013 57.1% 60.8% 23.9% 44.8%
2012 55.7% 57.9% 20% 48%
2011 53.8% 52% 15.6% 49.9%
2010 54% 50.1% 15.8% 54.4%
2009 54.1% 41.5% 14.4% 56.4%
2008 47.9% 32.6% 14.4% 59.8%
2007 46.7% 33.9% 15.7% 77.4%
2006 48.3% 38% 15.6% 103.1%
2005 49.2% 39.9% 14.6% 119%
2004 48.2% 42.6% 14.6% 126.6%
2003 48.3% 42.7% 14.3% 146%
2002 47.5% 40.1% 15.3% 190.6%
2001 46.2% 40.9% 19.1% 262%
2000 46.9% 42.4% 21.4% 164.5%
1999 49.9% 44% 22.8% 150.7%
1998 51.3% 46.8% 25.2% 208.6%
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/myanmar | CC BY

In 2024, Finland's government spending was $172B, accounting for 57.7% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 82.1% in Finland and 59.3% in Myanmar, ranking 42/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Finland

Myanmar
1x
Year Deficit/surplus, % of GDP
Finland Myanmar
2024 -4.41% -5.06%
2023 -2.98% -5.18%
2022 -0.18% -2.82%
2021 -2.69% -2.47%
2020 -5.53% -6.5%
2019 -0.93% -4.7%
2018 -0.87% -2.77%
2017 -0.63% -3.42%
2016 -1.7% -2.53%
2015 -2.43% -4.33%
2014 -2.99% -1.06%
2013 -2.52% -1.53%
2012 -2.15% -2.7%
2011 -1.01% -4.82%
2010 -2.57% -5.4%
2009 -2.48% -3.55%
2008 4.18% -2.73%
2007 5.12% -3.52%
2006 3.93% -3.42%
2005 2.59% -3.49%
2004 2.16% -4.62%
2003 2.34% -4.24%
2002 3.97% -4.01%
2001 4.89% -6.34%
2000 6.73% -6.03%
1999 1.6% -4.46%
1998 1.54% -4.89%
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/myanmar | 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 Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Finland recorded a fiscal deficit in 16 of those years, while Myanmar ran a deficit in 27 years. On average, Finland posted an annual surplus equal to 0.11% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Finland

Myanmar
1x
Year Consumer prices inflation
Finland Myanmar
2024 1.57% -
2023 6.25% -
2022 7.12% -
2021 2.19% -
2020 0.29% -
2019 1.02% 8.83%
2018 1.08% 6.87%
2017 0.75% 4.57%
2016 0.36% 6.93%
2015 -0.21% 9.45%
2014 1.04% 4.95%
2013 1.48% 5.64%
2012 2.81% 1.47%
2011 3.42% 5.02%
2010 1.18% 7.72%
2009 -0% 1.47%
2008 4.07% 26.8%
2007 2.51% 35%
2006 1.57% 20%
2005 0.62% 9.37%
2004 0.19% 4.53%
2003 0.88% 36.6%
2002 1.57% 57.1%
2001 2.58% 21.1%
2000 3.04% -0.11%
1999 1.16% 18.4%
1998 1.4% 51.5%
1997 1.19% 29.7%

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

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

Over the past 23 years, Finland has recorded an average annual inflation rate of 1.47%, compared with 16.2% in Myanmar. In 2019, inflation was 1.57% in Finland and 8.83% in Myanmar.

Top exports between countries

Finland
Export category Export value
Machinery & equipment $758K
Raw materials & minerals $181K
Metals $163K
Chemicals & pharma $137K
Wood & paper products $79K
Animal & marine products $58K
Textiles & consumer goods $57K
Myanmar
Export category Export value
Textiles & consumer goods $1.92M
Chemicals & pharma $222K
Wood & paper products $55K
Miscellaneous $1K

Balance of trade

Finland Myanmar
Current account balance
-$1.99B
2024
$67.7M
2019
Current account balance ranking
143/190
2024
71/190
2019
Current account balance, % of GDP
-0.67%
2024
+0.09%
2019
Goods imports
$76.6B
2024
$13.7B
2019
Goods exports
$83.1B
2024
$10.8B
2019
Service imports
$47.4B
2024
$3.66B
2019
Service exports
$42B
2024
$6.68B
2019
Imports of goods and services, % of GDP
41.6%
2024
n/a
Exports of goods and services, % of GDP
41.9%
2024
24.3%
2025

Economic freedom indices

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

Finland Myanmar
Economic freedom 76.6 44.5
Economic freedom ranking 15/197 180/197
Property rights 99.9 5.7
Government integrity 95.4 18.1
Judicial effectiveness 96.4 3.9
Tax burden 68.4 88.6
Government spending 7.9 86.6
Fiscal health 76.3 62.7
Business freedom 85.3 37.9
Labor freedom 65.4 53.2
Monetary freedom 80.3 57.5
Trade freedom 79.4 69.4
Investment freedom 85 30
Financial freedom 80 20

Economic freedom comparison by year

Finland
Myanmar
1x
Year Economic freedom index
Finland Myanmar
2026 76.6 44.5
2025 77 43.7
2024 76.3 42.2
2023 77.1 46.5
2022 78.3 49.6
2021 76.1 55.2
2020 75.7 54
2019 74.9 53.6
2018 74.1 53.9
2017 74 52.5
2016 72.6 48.7
2015 73.4 46.9
2014 73.4 46.5
2013 74 39.2
2012 72.3 38.7
2011 74 37.8
2010 73.8 36.7
2009 74.5 37.7
2008 74.6 39.5
2007 74 41
2006 72.9 40
2005 71 40.5
2004 73.4 43.6
2003 73.7 44.9
2002 73.6 45.5
2001 69.7 46.1
2000 64.3 47.9
1999 63.9 46.4
1998 63.5 45.7
1997 65.2 45.4
1996 63.7 45.1

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

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

The Economic Freedom Index for Finland is 76.6, ranking 15/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Finland Myanmar
Services, % of GDP
62.2%
2024
41.4%
2024
Industry, % of GDP
22.8%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.47%
2024
20.8%
2024
GNI, Atlas method
$290B
2024
$65.9B
2024
GNI per capita, PPP
$65,640
2024
$5,890
2024
Total reserves including gold
$18B
2024
$9.34B
2023
Total reserves ranking
65/177
2024
81/177
2023
Net foreign direct investment
$3.28B
2024
-$1.74B
2019
Net inflows of foreign direct investment
$8.74B
2024
$1.1B
2024
Net outflows of foreign direct investment
$12B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.31%
2024
Poverty at national poverty lines
12.2%
2022
24.8%
2017
Gross capital formation, % of GDP
22.3%
2024
n/a

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/myanmar | 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 (2020–2024, 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.