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Economy of Finland vs Saint Kitts and Nevis compared: GDP & Debt

Updated on by Georank team

Finland has a GDP of $299B compared to $1.12B for Saint Kitts and Nevis, ranking 47/197 and 187/197 by economy size, respectively.

Finland has $245B in government debt (82.1% of GDP), compared to $604M (53.8% of GDP) in Saint Kitts and Nevis.

Finland vs Saint Kitts and Nevis GDP by year

Finland
Saint Kitts and Nevis
1x
Year GDP, current $
Finland Saint Kitts
2024 $298,696,961,298 $1,122,388,889
2023 $295,021,982,463 $1,055,651,852
2022 $280,253,099,309 $981,429,630
2021 $294,223,210,496 $858,622,222
2020 $270,000,311,606 $883,922,222
2019 $267,014,821,129 $1,107,855,556
2018 $273,869,255,596 $1,076,548,148
2017 $253,846,138,440 $1,056,977,778
2016 $238,777,818,793 $1,006,818,519
2015 $233,210,733,506 $957,222,222
2014 $273,478,528,955 $952,111,111
2013 $270,268,036,626 $874,548,148
2012 $257,443,384,493 $824,585,185
2011 $275,126,915,516 $836,092,593
2010 $249,429,613,683 $778,718,519
2009 $253,480,783,439 $774,274,074
2008 $285,698,662,071 $777,692,593
2007 $256,360,251,538 $689,285,185
2006 $217,044,068,234 $644,414,815
2005 $204,859,368,791 $547,203,704
2004 $197,458,297,640 $506,900,000
2003 $171,612,867,736 $469,869,870
2002 $140,360,963,812 $481,077,374
2001 $129,519,672,869 $458,643,829
2000 $125,967,821,111 $421,695,770
1999 $135,234,241,918 $406,595,484
1998 $133,990,876,725 $383,257,331
1997 $126,862,902,302 $374,641,308
1996 $131,991,975,149 $333,944,444
1995 $134,060,457,516 $313,485,185
1994 $103,182,697,780 $295,159,259
1993 $89,112,105,756 $263,755,556
1992 $112,537,828,511 $242,137,037
1991 $127,794,441,994 $220,540,741
1990 $141,446,120,355 $217,259,259
1989 $118,991,270,611 $192,518,519
1988 $109,039,090,263 $172,692,593
1987 $91,564,993,913 $147,748,148
1986 $73,511,611,541 $130,685,185
1985 $55,856,676,899 $111,007,407
1984 $52,870,993,273 $98,603,704
1983 $50,956,447,481 $86,874,074
1982 $52,784,013,815 $86,022,222
1981 $52,440,066,134 $80,888,889
1980 $53,649,984,061 $68,459,259
1979 $44,469,218,440 $58,840,741
1978 $36,259,392,058 $49,433,333
1977 $33,502,784,418 $44,496,296
1976 $31,852,352,670 $30,095,602
1975 $29,475,251,333 $33,364,055
1974 $24,851,036,710 $31,514,856
1973 $19,474,098,335 $24,196,018
1972 $14,744,499,570 $22,944,849
1971 $12,528,522,307 $19,624,746
1970 $11,358,529,162 $16,300,000
1969 $10,177,524,839 $15,850,000
1968 $8,916,565,041 $14,600,000
1967 $9,468,272,357 $16,742,338
1966 $9,306,142,172 $14,469,078
1965 $8,680,393,839 $13,593,932
1964 $7,848,987,793 $13,416,633
1963 $6,958,916,548 $12,833,301
1962 $6,407,796,043 $12,541,635
1961 $5,984,433,774 $12,483,302
1960 $5,279,481,824 $12,366,636

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

GeoRank.org/economy/finland/saint-kitts-and-nevis | CC BY

GDP per capita in Finland vs Saint Kitts and Nevis by year

Finland
GDP per capita

GDP per capita, PPP
Saint Kitts and Nevis
GDP per capita

GDP per capita, PPP
1x
Year Current $
Finland Saint Kitts
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $53,150 $65,378 $23,961 $34,847
2023 $52,834 $63,415 $22,577 $33,980
2022 $50,441 $62,133 $21,012 $31,871
2021 $53,099 $56,790 $18,361 $26,897
2020 $48,829 $53,297 $18,859 $27,326
2019 $48,358 $52,276 $23,595 $32,482
2018 $49,654 $49,249 $22,901 $30,795
2017 $46,085 $47,235 $22,465 $29,579
2016 $43,451 $44,562 $21,388 $28,215
2015 $42,560 $42,258 $20,329 $26,877
2014 $50,074 $41,547 $20,219 $26,756
2013 $49,691 $41,326 $18,580 $24,624
2012 $47,552 $40,739 $17,532 $23,458
2011 $51,060 $40,846 $17,832 $24,550
2010 $46,506 $38,946 $16,623 $23,691
2009 $47,478 $37,988 $16,503 $23,385
2008 $53,769 $40,081 $16,605 $24,102
2007 $48,473 $37,843 $14,758 $21,301
2006 $41,214 $34,440 $13,838 $20,676
2005 $39,050 $32,048 $11,784 $19,500
2004 $37,768 $31,195 $10,945 $17,276
2003 $32,920 $29,043 $10,176 $16,226
2002 $26,989 $28,596 $10,454 $16,619
2001 $24,965 $27,798 $10,023 $16,235
2000 $24,336 $26,783 $9,320 $15,256
1999 $26,180 $24,762 $9,116 $13,754
1998 $26,000 $23,570 $8,711 $13,319
1997 $24,682 $21,787 $8,627 $13,409
1996 $25,757 $20,067 $7,788 $12,498
1995 $26,246 $19,568 $7,406 $11,747
1994 $20,278 $18,458 $7,065 $11,062
1993 $17,589 $17,458 $6,395 $10,418
1992 $22,320 $17,271 $5,947 $9,652
1991 $25,489 $17,563 $5,465 $9,131
1990 $28,366 $18,149 $5,373 $8,983
1989 $23,969 - $4,723 -
1988 $22,044 - $4,206 -
1987 $18,565 - $3,573 -
1986 $14,947 - $3,140 -
1985 $11,394 - $2,651 -
1984 $10,830 - $2,341 -
1983 $10,494 - $2,052 -
1982 $10,935 - $2,023 -
1981 $10,925 - $1,894 -
1980 $11,225 - $1,598 -
1979 $9,333 - $1,367 -
1978 $7,629 - $1,144 -
1977 $7,070 - $1,026 -
1976 $6,740 - $692 -
1975 $6,256 - $765 -
1974 $5,298 - $721 -
1973 $4,174 - $551 -
1972 $3,178 - $521 -
1971 $2,716 - $444 -
1970 $2,466 - $365 -
1969 $2,201 - $347 -
1968 $1,927 - $309 -
1967 $2,056 - $344 -
1966 $2,032 - $290 -
1965 $1,902 - $265.8 -
1964 $1,726 - $256.4 -
1963 $1,538 - $240.1 -
1962 $1,427 - $230.3 -
1961 $1,341 - $225.6 -
1960 $1,192 - $221.6 -

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

GeoRank.org/economy/finland/saint-kitts-and-nevis | CC BY

Finland's GDP per capita is $53,150, ranking 23/197, compared to $23,961 in Saint Kitts and Nevis, ranking 51/197. Adjusted for purchasing power (GDP per capita PPP), Finland ranks 27th at $65,378, while Saint Kitts and Nevis ranks 64th at $34,847.

Economic indicators

Finland Saint Kitts
Gross domestic product
$299B
2024
$1.12B
2024
GDP rank
47/197
2024
187/197
2024
GDP growth
0.42%
2023-2024
0.31%
2023-2024
GDP per capita
$53,150
2024
$23,961
2024
GDP per capita rank
23/197
2024
51/197
2024
GDP per capita, PPP
$65,378
2024
$34,847
2024
GDP per capita PPP rank
27/197
2024
64/197
2024
Government debt
$245B
2024
$604M
2024
Debt-to-GDP ratio
82.1%
2024
53.8%
2024
Government debt per person
$43,662
2024
$12,897
2024
Government debt per person rank
12/185
2024
44/185
2024
Average annual personal income after taxes
$36,394
2026
$13,301
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
n/a
Income share by poorest 10%
3.7%
2023
n/a
Government expenditure, % of GDP
57.7%
2024
43.2%
2024
Consumer prices inflation
1.57%
2023-2024
1.1%
2023-2024
Unemployment rate
8.34%
2024
5.12%
2001
Population
5631965
47017

Spending and national debt comparison by year

Finland
Spending

Debt
Saint Kitts and Nevis
Spending

Debt
1x
Year % of GDP
Finland Saint Kitts
Government spending Government debt Government spending Government debt
2024 57.7% 82.1% 43.2% 53.8%
2023 55.9% 77.5% 43.1% 55.7%
2022 52.6% 74% 49.5% 60.3%
2021 55.2% 73.2% 41.2% 69.1%
2020 56.5% 75.3% 36.5% 68%
2019 52.6% 65.3% 37.2% 54.3%
2018 52.7% 65.3% 33.7% 53.9%
2017 52.8% 66.6% 25.5% 56.2%
2016 55.1% 68.6% 26.1% 57.4%
2015 55.7% 68.8% 29% 62.2%
2014 57.6% 64.8% 28% 69.3%
2013 57.1% 60.8% 28.6% 91.5%
2012 55.7% 57.9% 27.2% 121.4%
2011 53.8% 52% 30.3% 127.1%
2010 54% 50.1% 31.2% 134.9%
2009 54.1% 41.5% 30.4% 129.1%
2008 47.9% 32.6% 29.5% 123.4%
2007 46.7% 33.9% 32.2% 135.4%
2006 48.3% 38% 32.5% 140.3%
2005 49.2% 39.9% 34.7% 130.1%
2004 48.2% 42.6% 33.7% 153.1%
2003 48.3% 42.7% 30.9% 140.7%
2002 47.5% 40.1% 35.4% 119.7%
2001 46.2% 40.9% 30.9% 105.2%
2000 46.9% 42.4% 34.6% 96.5%
1999 49.9% 44% 33.6% 89.2%
1998 51.3% 46.8% 29.1% 79%
1997 54.9% 52.2% 26.3% 67.2%
1996 58.5% 55.4% 26.8% 50.7%
1995 60% 55.2% 23.7% -
1994 62.2% 56.2% 22.2% -
1993 63.7% 54.2% 21.3% -
1992 60.8% 39.3% 19.8% -
1991 55.8% 21.9% 18.2% -
1990 47.1% 13.9% 19.3% -
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/saint-kitts-and-nevis | CC BY

In 2024, Finland's government spending was $172B, accounting for 57.7% of its GDP, while Saint Kitts and Nevis spent $484M, or 43.2% of GDP.

Debt-to-GDP ratio is 82.1% in Finland and 53.8% in Saint Kitts and Nevis, ranking 42/185 and 97/185, respectively.

Government deficit by year

Deficit/surplus
Finland

Saint Kitts and Nevis
1x
Year Deficit/surplus, % of GDP
Finland Saint Kitts
2024 -4.41% -11%
2023 -2.98% -0.27%
2022 -0.18% -4.16%
2021 -2.69% 5.41%
2020 -5.53% -3.06%
2019 -0.93% -0.7%
2018 -0.87% 1.8%
2017 -0.63% 1.68%
2016 -1.7% 3.77%
2015 -2.43% 5.66%
2014 -2.99% 8.52%
2013 -2.52% 10.9%
2012 -2.15% 4.32%
2011 -1.01% 1.6%
2010 -2.57% -4.15%
2009 -2.48% -1.23%
2008 4.18% -1.57%
2007 5.12% -1.03%
2006 3.93% -1.37%
2005 2.59% -3.45%
2004 2.16% -6.6%
2003 2.34% -5.66%
2002 3.97% -11.7%
2001 4.89% -10.9%
2000 6.73% -13.3%
1999 1.6% -11.1%
1998 1.54% -5.13%
1997 -1.33% -2.33%
1996 -3.37% -2.27%
1995 -5.98% 0.9%
1994 -6.41% 0.79%
1993 -8.09% 0.24%
1992 -4.88% 0.5%
1991 0.3% 0.92%
1990 6.63% 0.62%
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/saint-kitts-and-nevis | 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 Saint Kitts and Nevis' deficit of $123M, or 11% of GDP.

Over the past 35 years, Finland recorded a fiscal deficit in 22 of those years, while Saint Kitts and Nevis ran a deficit in 20 years. On average, Finland posted an annual deficit equal to 0.58% of GDP, compared to deficit of 1.52% of GDP for Saint Kitts and Nevis.

Inflation comparison by year

Inflation
Finland

Saint Kitts and Nevis
1x
Year Consumer prices inflation
Finland Saint Kitts
2024 1.57% 1.1%
2023 6.25% 3.56%
2022 7.12% 2.67%
2021 2.19% 1.2%
2020 0.29% -1.17%
2019 1.02% -0.33%
2018 1.08% -1.04%
2017 0.75% 0.69%
2016 0.36% -0.69%
2015 -0.21% -2.3%
2014 1.04% 0.25%
2013 1.48% 1.11%
2012 2.81% 0.82%
2011 3.42% 5.84%
2010 1.18% 0.85%
2009 -0% 2.06%
2008 4.07% 5.3%
2007 2.51% 4.48%
2006 1.57% 8.49%
2005 0.62% 3.38%
2004 0.19% 2.31%
2003 0.88% 2.24%
2002 1.57% 2.04%
2001 2.58% 2.3%
2000 3.04% 2.15%
1999 1.16% 3.36%
1998 1.4% 3.45%
1997 1.19% 8.91%

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

GeoRank.org/economy/finland/saint-kitts-and-nevis | CC BY

Over the past 28 years, Finland has recorded an average annual inflation rate of 1.83%, compared with 2.25% in Saint Kitts and Nevis. In 2024, inflation was 1.57% in Finland and 1.1% in Saint Kitts and Nevis.

Top exports between countries

Finland
Export category Export value
Machinery & equipment $45K
Chemicals & pharma $1K
Textiles & consumer goods $1K
Saint Kitts
Export category Export value

Balance of trade

Finland Saint Kitts
Current account balance
-$1.99B
2024
-$169M
2024
Current account balance ranking
143/190
2024
96/190
2024
Current account balance, % of GDP
-0.67%
2024
-15.1%
2024
Goods imports
$76.6B
2024
$404M
2024
Goods exports
$83.1B
2024
$33.7M
2024
Service imports
$47.4B
2024
$239M
2024
Service exports
$42B
2024
$471M
2024
Imports of goods and services, % of GDP
41.6%
2024
n/a
Exports of goods and services, % of GDP
41.9%
2024
11%
2025

Economic freedom indices

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

Finland Saint Kitts
Economic freedom 76.6 62
Economic freedom ranking 15/197 90/197
Property rights 99.9 n/a
Government integrity 95.4 n/a
Judicial effectiveness 96.4 n/a
Tax burden 68.4 n/a
Government spending 7.9 n/a
Fiscal health 76.3 n/a
Business freedom 85.3 n/a
Labor freedom 65.4 n/a
Monetary freedom 80.3 n/a
Trade freedom 79.4 n/a
Investment freedom 85 n/a
Financial freedom 80 n/a

Other economic metrics

Finland Saint Kitts
Services, % of GDP
62.2%
2024
66.1%
2024
Industry, % of GDP
22.8%
2024
20.9%
2024
Agriculture, forestry, and fishing, % of GDP
2.47%
2024
1.29%
2024
GNI, Atlas method
$290B
2024
$1.05B
2024
GNI per capita, PPP
$65,640
2024
$34,460
2024
Total reserves including gold
$18B
2024
$295M
2024
Total reserves ranking
65/177
2024
168/177
2024
Net foreign direct investment
$3.28B
2024
-$19.5M
2024
Net inflows of foreign direct investment
$8.74B
2024
$42.1M
2024
Net outflows of foreign direct investment
$12B
2024
$8.97M
2024
Poverty at national poverty lines
12.2%
2022
n/a
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/saint-kitts-and-nevis | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1882–1989, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2023–2024, 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.

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.