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Economy of Finland vs Poland compared: GDP & Debt

Updated on by Georank team

Finland has a GDP of $299B compared to $918B for Poland, ranking 47/197 and 21/197 by economy size, respectively.

Finland has $245B in government debt (82.1% of GDP), compared to $507B (55.3% of GDP) in Poland.

Finland vs Poland GDP by year

Finland
Poland
1x
Year GDP, current $
Finland Poland
2024 $298,696,961,298 $917,767,106,147
2023 $295,021,982,463 $812,451,193,396
2022 $280,253,099,309 $695,607,470,875
2021 $294,223,210,496 $689,170,230,665
2020 $270,000,311,606 $605,914,237,904
2019 $267,014,821,129 $602,683,770,145
2018 $273,869,255,596 $594,616,687,350
2017 $253,846,138,440 $528,356,676,667
2016 $238,777,818,793 $473,259,583,970
2015 $233,210,733,506 $480,054,118,583
2014 $273,478,528,955 $542,134,167,179
2013 $270,268,036,626 $518,179,836,405
2012 $257,443,384,493 $498,148,649,703
2011 $275,126,915,516 $527,848,543,023
2010 $249,429,613,683 $478,111,630,684
2009 $253,480,783,439 $440,891,472,247
2008 $285,698,662,071 $535,612,030,672
2007 $256,360,251,538 $429,715,132,138
2006 $217,044,068,234 $345,897,630,736
2005 $204,859,368,791 $306,999,913,151
2004 $197,458,297,640 $256,268,656,145
2003 $171,612,867,736 $218,561,225,998
2002 $140,360,963,812 $199,694,463,256
2001 $129,519,672,869 $191,823,200,371
2000 $125,967,821,111 $172,953,527,033
1999 $135,234,241,918 $170,704,452,715
1998 $133,990,876,725 $175,282,269,667
1997 $126,862,902,302 $159,893,964,917
1996 $131,991,975,149 $160,813,026,223
1995 $134,060,457,516 $142,838,527,115
1994 $103,182,697,780 $110,803,635,288
1993 $89,112,105,756 $96,043,157,273
1992 $112,537,828,511 $94,337,050,693
1991 $127,794,441,994 $85,500,935,935
1990 $141,446,120,355 $65,977,748,211
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/poland | CC BY

GDP per capita in Finland vs Poland by year

Finland
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Finland Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $53,150 $65,378 $25,104 $51,263
2023 $52,834 $63,415 $22,145 $48,473
2022 $50,441 $62,133 $18,891 $46,778
2021 $53,099 $56,790 $18,636 $41,060
2020 $48,829 $53,297 $16,151 $37,089
2019 $48,358 $52,276 $15,875 $35,882
2018 $49,654 $49,249 $15,658 $32,345
2017 $46,085 $47,235 $13,913 $30,170
2016 $43,451 $44,562 $12,464 $28,360
2015 $42,560 $42,258 $12,638 $26,988
2014 $50,074 $41,547 $14,262 $25,460
2013 $49,691 $41,326 $13,622 $24,434
2012 $47,552 $40,739 $13,087 $23,728
2011 $51,060 $40,846 $13,868 $22,809
2010 $46,506 $38,946 $12,568 $20,991
2009 $47,478 $37,988 $11,556 $19,300
2008 $53,769 $40,081 $14,049 $18,372
2007 $48,473 $37,843 $11,273 $16,833
2006 $41,214 $34,440 $9,069 $15,205
2005 $39,050 $32,048 $8,044 $13,936
2004 $37,768 $31,195 $6,712 $13,413
2003 $32,920 $29,043 $5,721 $12,329
2002 $26,989 $28,596 $5,223 $11,841
2001 $24,965 $27,798 $5,015 $11,175
2000 $24,336 $26,783 $4,521 $10,721
1999 $26,180 $24,762 $4,416 $10,081
1998 $26,000 $23,570 $4,534 $9,521
1997 $24,682 $21,787 $4,137 $8,967
1996 $25,757 $20,067 $4,164 $8,310
1995 $26,246 $19,568 $3,701 $7,715
1994 $20,278 $18,458 $2,875 $7,040
1993 $17,589 $17,458 $2,497 $6,560
1992 $22,320 $17,271 $2,459 $6,193
1991 $25,489 $17,563 $2,236 $5,925
1990 $28,366 $18,149 $1,731 $6,185
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/poland | CC BY

Finland's GDP per capita is $53,150, ranking 23/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Finland ranks 27th at $65,378, while Poland ranks 43rd at $51,263.

Economic indicators

Finland Poland
Gross domestic product
$299B
2024
$918B
2024
GDP rank
47/197
2024
21/197
2024
GDP growth
0.42%
2023-2024
3.03%
2023-2024
GDP per capita
$53,150
2024
$25,104
2024
GDP per capita rank
23/197
2024
48/197
2024
GDP per capita, PPP
$65,378
2024
$51,263
2024
GDP per capita PPP rank
27/197
2024
43/197
2024
Government debt
$245B
2024
$507B
2024
Debt-to-GDP ratio
82.1%
2024
55.3%
2024
Government debt per person
$43,662
2024
$13,874
2024
Government debt per person rank
12/185
2024
41/185
2024
Average annual personal income after taxes
$36,394
2026
$20,736
2026
Market capitalization of domestic companies
$20.3B
2004
$197B
2024
Number of billionaires
7
2025
10
2025
Income share by richest 10%
22.5%
2023
22.9%
2023
Income share by poorest 10%
3.7%
2023
3.3%
2023
Government expenditure, % of GDP
57.7%
2024
49.4%
2024
Consumer prices inflation
1.57%
2023-2024
3.78%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
8.34%
2024
2.81%
2024
Population
5631965
35806942

Spending and national debt comparison by year

Finland
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Finland Poland
Government spending Government debt Government spending Government debt
2024 57.7% 82.1% 49.4% 55.3%
2023 55.9% 77.5% 46.9% 49.5%
2022 52.6% 74% 43.2% 48.8%
2021 55.2% 73.2% 43.6% 53%
2020 56.5% 75.3% 47.7% 56.6%
2019 52.6% 65.3% 41.4% 45.2%
2018 52.7% 65.3% 41% 48.2%
2017 52.8% 66.6% 41.1% 50.4%
2016 55.1% 68.6% 41.1% 54.1%
2015 55.7% 68.8% 41.5% 51.1%
2014 57.6% 64.8% 42.7% 51.1%
2013 57.1% 60.8% 43.2% 56.9%
2012 55.7% 57.9% 43.2% 54.5%
2011 53.8% 52% 44.1% 54.8%
2010 54% 50.1% 46% 53.7%
2009 54.1% 41.5% 44.9% 49.7%
2008 47.9% 32.6% 44% 46.6%
2007 46.7% 33.9% 42.8% 44.4%
2006 48.3% 38% 44.3% 47.1%
2005 49.2% 39.9% 44.1% 46.5%
2004 48.2% 42.6% 43.3% 44.9%
2003 48.3% 42.7% 45.5% 46.4%
2002 47.5% 40.1% 45.1% 41.6%
2001 46.2% 40.9% 44.7% 37.2%
2000 46.9% 42.4% 43.1% 36.4%
1999 49.9% 44% 42.5% 39.4%
1998 51.3% 46.8% 44% 38.7%
1997 54.9% 52.2% 46.1% 42.7%
1996 58.5% 55.4% 50.7% 43.2%
1995 60% 55.2% 47.5% 48.7%
1994 62.2% 56.2% - 64.3%
1993 63.7% 54.2% - 83.9%
1992 60.8% 39.3% - 81.9%
1991 55.8% 21.9% - 76.9%
1990 47.1% 13.9% - 89.7%
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% 35.6% -
1978 41.3% 10.7% 35.8% -
1977 41.7% 8.22% 35.6% -
1976 39.8% 7.09% 34.8% -
1975 38.6% 6.76% 34.1% -
1974 22.9% 2.97% 28.6% -
1973 21.8% 4.42% 24.5% -
1972 20.4% 6.46% 24.1% -
1971 22.8% 7.94% 24.1% -
1970 21.9% 9.19% 25.8% -
1969 22.2% 10.8% 26.3% -
1968 25.5% 13.9% 27.3% -
1967 23.5% 14.2% 29.6% -
1966 23.3% 13.7% 31.7% -
1965 23.2% 13% 31.8% -
1964 22.8% 12.5% 33.5% -
1963 21.6% 12.2% 33.3% -
1962 23.9% 10.3% 43% -
1961 22.7% 9.12% 42.8% -
1960 22.5% 9.96% 39.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

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

In 2024, Finland's government spending was $172B, accounting for 57.7% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 82.1% in Finland and 55.3% in Poland, ranking 42/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Finland

Poland
1x
Year Deficit/surplus, % of GDP
Finland Poland
2024 -4.41% -6.59%
2023 -2.98% -5.27%
2022 -0.18% -3.44%
2021 -2.69% -1.75%
2020 -5.53% -6.85%
2019 -0.93% -0.73%
2018 -0.87% -0.24%
2017 -0.63% -1.49%
2016 -1.7% -2.38%
2015 -2.43% -2.59%
2014 -2.99% -3.66%
2013 -2.52% -4.25%
2012 -2.15% -3.8%
2011 -1.01% -4.97%
2010 -2.57% -7.43%
2009 -2.48% -7.24%
2008 4.18% -3.6%
2007 5.12% -1.88%
2006 3.93% -3.53%
2005 2.59% -3.93%
2004 2.16% -4.99%
2003 2.34% -6.02%
2002 3.97% -4.8%
2001 4.89% -4.73%
2000 6.73% -4%
1999 1.6% -2.3%
1998 1.54% -4.25%
1997 -1.33% -4.61%
1996 -3.37% -4.84%
1995 -5.98% -4.39%
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/poland | 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 Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, Finland recorded a fiscal deficit in 19 of those years, while Poland ran a deficit in 30 years. On average, Finland posted an annual deficit equal to 0.26% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Finland

Poland
1x
Year Consumer prices inflation
Finland Poland
2024 1.57% 3.78%
2023 6.25% 11.5%
2022 7.12% 14.4%
2021 2.19% 5.06%
2020 0.29% 3.37%
2019 1.02% 2.23%
2018 1.08% 1.81%
2017 0.75% 2.08%
2016 0.36% -0.66%
2015 -0.21% -0.87%
2014 1.04% 0.05%
2013 1.48% 0.99%
2012 2.81% 3.56%
2011 3.42% 4.24%
2010 1.18% 2.58%
2009 -0% 3.8%
2008 4.07% 4.16%
2007 2.51% 2.46%
2006 1.57% 1.28%
2005 0.62% 2.18%
2004 0.19% 3.38%
2003 0.88% 0.68%
2002 1.57% 1.91%
2001 2.58% 5.41%
2000 3.04% 9.9%
1999 1.16% 7.15%
1998 1.4% 11.6%
1997 1.19% 14.9%

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

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

Over the past 28 years, Finland has recorded an average annual inflation rate of 1.83%, compared with 4.39% in Poland. In 2024, inflation was 1.57% in Finland and 3.78% in Poland.

Top exports between countries

Finland
Export category Export value
Machinery & equipment $673M
Wood & paper products $587M
Metals $443M
Chemicals & pharma $377M
Raw materials & minerals $344M
IT & IP services $168M
Transport & tourism services $163M
Business & finance services $152M
Textiles & consumer goods $66.1M
Animal & marine products $61.9M
Poland
Export category Export value
Machinery & equipment $976M
Metals $541M
Textiles & consumer goods $413M
Raw materials & minerals $278M
Chemicals & pharma $276M
Processed food, beverages & tobacco $250M
Wood & paper products $95.5M
Raw agricultural goods $61M
Animal & marine products $47.6M
Business & finance services $30.8M

Balance of trade

Finland Poland
Current account balance
-$1.99B
2024
$2.8B
2024
Current account balance ranking
143/190
2024
40/190
2024
Current account balance, % of GDP
-0.67%
2024
+0.3%
2024
Goods imports
$76.6B
2024
$367B
2024
Goods exports
$83.1B
2024
$361B
2024
Service imports
$47.4B
2024
$74.9B
2024
Service exports
$42B
2024
$118B
2024
Imports of goods and services, % of GDP
41.6%
2024
48.2%
2024
Exports of goods and services, % of GDP
41.9%
2024
52.2%
2024

Economic freedom indices

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

Finland Poland
Economic freedom 76.6 68.5
Economic freedom ranking 15/197 46/197
Property rights 99.9 71.8
Government integrity 95.4 60.7
Judicial effectiveness 96.4 62.5
Tax burden 68.4 72.7
Government spending 7.9 35.1
Fiscal health 76.3 74.8
Business freedom 85.3 77.5
Labor freedom 65.4 53.7
Monetary freedom 80.3 73.8
Trade freedom 79.4 79.4
Investment freedom 85 80
Financial freedom 80 80

Economic freedom comparison by year

Finland
Poland
1x
Year Economic freedom index
Finland Poland
2026 76.6 68.5
2025 77 67.1
2024 76.3 66
2023 77.1 67.7
2022 78.3 68.7
2021 76.1 69.7
2020 75.7 69.1
2019 74.9 67.8
2018 74.1 68.5
2017 74 68.3
2016 72.6 69.3
2015 73.4 68.6
2014 73.4 67
2013 74 66
2012 72.3 64.2
2011 74 64.1
2010 73.8 63.2
2009 74.5 60.3
2008 74.6 60.3
2007 74 58.1
2006 72.9 59.3
2005 71 59.6
2004 73.4 58.7
2003 73.7 61.8
2002 73.6 65
2001 69.7 61.8
2000 64.3 60
1999 63.9 59.6
1998 63.5 59.2
1997 65.2 56.8
1996 63.7 57.8
1995 - 50.7

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

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

The Economic Freedom Index for Finland is 76.6, ranking 15/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Finland Poland
Services, % of GDP
62.2%
2024
59.1%
2024
Industry, % of GDP
22.8%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
2.47%
2024
2.54%
2024
GNI, Atlas method
$290B
2024
$789B
2024
GNI per capita, PPP
$65,640
2024
$49,540
2024
Total reserves including gold
$18B
2024
$223B
2024
Total reserves ranking
65/177
2024
17/177
2024
Net foreign direct investment
$3.28B
2024
-$10.6B
2024
Net inflows of foreign direct investment
$8.74B
2024
$20.6B
2024
Net outflows of foreign direct investment
$12B
2024
$10B
2024
Poverty at national poverty lines
12.2%
2022
13.3%
2024
Gross capital formation, % of GDP
22.3%
2024
17.8%
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/poland | 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 (1882–1994, 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 (2022–2024, 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.

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.