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Economy of Finland vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Finland has a GDP of $299B compared to $1.16B for Saint Vincent, ranking 47/197 and 186/197 by economy size, respectively.

Finland has $245B in government debt (82.1% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Finland vs Saint Vincent GDP by year

Finland
Saint Vincent
1x
Year GDP, current $
Finland Saint Vincent
2024 $298,696,961,298 $1,157,207,407
2023 $295,021,982,463 $1,072,237,037
2022 $280,253,099,309 $989,188,889
2021 $294,223,210,496 $888,677,778
2020 $270,000,311,606 $864,566,667
2019 $267,014,821,129 $910,481,481
2018 $273,869,255,596 $884,329,630
2017 $253,846,138,440 $844,040,741
2016 $238,777,818,793 $814,303,704
2015 $233,210,733,506 $786,555,556
2014 $273,478,528,955 $770,900,000
2013 $270,268,036,626 $764,781,259
2012 $257,443,384,493 $730,032,593
2011 $275,126,915,516 $713,796,370
2010 $249,429,613,683 $720,447,889
2009 $253,480,783,439 $714,300,259
2008 $285,698,662,071 $732,663,259
2007 $256,360,251,538 $713,596,667
2006 $217,044,068,234 $643,501,148
2005 $204,859,368,791 $579,948,926
2004 $197,458,297,640 $549,900,185
2003 $171,612,867,736 $509,090,889
2002 $140,360,963,812 $487,763,852
2001 $129,519,672,869 $462,072,333
2000 $125,967,821,111 $427,946,037
1999 $135,234,241,918 $390,718,519
1998 $133,990,876,725 $373,618,519
1997 $126,862,902,302 $347,770,370
1996 $131,991,975,149 $331,488,889
1995 $134,060,457,516 $316,007,407
1994 $103,182,697,780 $289,437,037
1993 $89,112,105,756 $286,307,407
1992 $112,537,828,511 $277,955,556
1991 $127,794,441,994 $254,829,630
1990 $141,446,120,355 $240,366,667
1989 $118,991,270,611 $214,745,002
1988 $109,039,090,263 $200,726,713
1987 $91,564,993,913 $175,580,647
1986 $73,511,611,541 $160,846,657
1985 $55,856,676,899 $145,641,705
1984 $52,870,993,273 $135,024,988
1983 $50,956,447,481 $122,255,350
1982 $52,784,013,815 $113,759,203
1981 $52,440,066,134 $102,086,539
1980 $53,649,984,061 $82,340,340
1979 $44,469,218,440 $71,096,360
1978 $36,259,392,058 $60,844,771
1977 $33,502,784,418 $49,353,162
1976 $31,852,352,670 $32,792,845
1975 $29,475,251,333 $33,237,226
1974 $24,851,036,710 $32,923,703
1973 $19,474,098,335 $30,165,081
1972 $14,744,499,570 $27,585,805
1971 $12,528,522,307 $20,051,922
1970 $11,358,529,162 $18,450,000
1969 $10,177,524,839 $16,650,000
1968 $8,916,565,041 $15,350,000
1967 $9,468,272,357 $15,835,106
1966 $9,306,142,172 $16,099,960
1965 $8,680,393,839 $15,108,296
1964 $7,848,987,793 $14,758,296
1963 $6,958,916,548 $13,708,299
1962 $6,407,796,043 $14,524,964
1961 $5,984,433,774 $13,999,965
1960 $5,279,481,824 $13,066,634

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

GeoRank.org/economy/finland/saint-vincent | CC BY

GDP per capita in Finland vs Saint Vincent by year

Finland
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Finland Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $53,150 $65,378 $11,501 $21,272
2023 $52,834 $63,415 $10,582 $19,820
2022 $50,441 $62,133 $9,694 $18,035
2021 $53,099 $56,790 $8,641 $16,201
2020 $48,829 $53,297 $8,351 $15,337
2019 $48,358 $52,276 $8,741 $15,340
2018 $49,654 $49,249 $8,428 $14,690
2017 $46,085 $47,235 $7,988 $13,575
2016 $43,451 $44,562 $7,657 $13,493
2015 $42,560 $42,258 $7,354 $12,379
2014 $50,074 $41,547 $7,169 $12,136
2013 $49,691 $41,326 $7,072 $11,625
2012 $47,552 $40,739 $6,714 $10,989
2011 $51,060 $40,846 $6,528 $10,774
2010 $46,506 $38,946 $6,552 $10,561
2009 $47,478 $37,988 $6,464 $10,869
2008 $53,769 $40,081 $6,599 $10,902
2007 $48,473 $37,843 $6,398 $10,604
2006 $41,214 $34,440 $5,745 $9,949
2005 $39,050 $32,048 $5,157 $8,986
2004 $37,768 $31,195 $4,873 $8,472
2003 $32,920 $29,043 $4,500 $7,903
2002 $26,989 $28,596 $4,303 $7,250
2001 $24,965 $27,798 $4,071 $6,768
2000 $24,336 $26,783 $3,769 $6,503
1999 $26,180 $24,762 $3,447 $6,266
1998 $26,000 $23,570 $3,301 $6,026
1997 $24,682 $21,787 $3,074 $5,726
1996 $25,757 $20,067 $2,930 $5,440
1995 $26,246 $19,568 $2,795 $5,277
1994 $20,278 $18,458 $2,563 $4,802
1993 $17,589 $17,458 $2,540 $4,769
1992 $22,320 $17,271 $2,471 $4,477
1991 $25,489 $17,563 $2,271 $4,126
1990 $28,366 $18,149 $2,150 $3,960
1989 $23,969 - $1,930 -
1988 $22,044 - $1,814 -
1987 $18,565 - $1,596 -
1986 $14,947 - $1,472 -
1985 $11,394 - $1,342 -
1984 $10,830 - $1,254 -
1983 $10,494 - $1,144 -
1982 $10,935 - $1,074 -
1981 $10,925 - $972 -
1980 $11,225 - $790 -
1979 $9,333 - $687 -
1978 $7,629 - $592 -
1977 $7,070 - $484 -
1976 $6,740 - $324 -
1975 $6,256 - $331 -
1974 $5,298 - $331 -
1973 $4,174 - $306 -
1972 $3,178 - $282.1 -
1971 $2,716 - $207 -
1970 $2,466 - $192.3 -
1969 $2,201 - $175.2 -
1968 $1,927 - $163.1 -
1967 $2,056 - $170 -
1966 $2,032 - $174.9 -
1965 $1,902 - $166.2 -
1964 $1,726 - $164.4 -
1963 $1,538 - $154.9 -
1962 $1,427 - $166.5 -
1961 $1,341 - $163 -
1960 $1,192 - $154.8 -

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

GeoRank.org/economy/finland/saint-vincent | CC BY

Finland's GDP per capita is $53,150, ranking 23/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Finland ranks 27th at $65,378, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Finland Saint Vincent
Gross domestic product
$299B
2024
$1.16B
2024
GDP rank
47/197
2024
186/197
2024
GDP growth
0.42%
2023-2024
4.06%
2023-2024
GDP per capita
$53,150
2024
$11,501
2024
GDP per capita rank
23/197
2024
81/197
2024
GDP per capita, PPP
$65,378
2024
$21,272
2024
GDP per capita PPP rank
27/197
2024
92/197
2024
Government debt
$245B
2024
$1.07B
2024
Debt-to-GDP ratio
82.1%
2024
92.7%
2024
Government debt per person
$43,662
2024
$10,659
2024
Government debt per person rank
12/185
2024
56/185
2024
Average annual personal income after taxes
$36,394
2026
$12,573
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
39.1%
2024
Consumer prices inflation
1.57%
2023-2024
3.63%
2023-2024
Unemployment rate
8.34%
2024
18.8%
2008
Population
5631965
99237

Spending and national debt comparison by year

Finland
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Finland Saint Vincent
Government spending Government debt Government spending Government debt
2024 57.7% 82.1% 39.1% 92.7%
2023 55.9% 77.5% 38.9% 89.4%
2022 52.6% 74% 36.6% 86.3%
2021 55.2% 73.2% 37.2% 88.4%
2020 56.5% 75.3% 32.9% 80.2%
2019 52.6% 65.3% 29.2% 68.2%
2018 52.7% 65.3% 26.3% 69.4%
2017 52.8% 66.6% 26.6% 69%
2016 55.1% 68.6% 27.1% 79.4%
2015 55.7% 68.8% 27.6% 75.1%
2014 57.6% 64.8% 30.4% 75%
2013 57.1% 60.8% 29.4% 69.9%
2012 55.7% 57.9% 26.5% 68.1%
2011 53.8% 52% 29.4% 64%
2010 54% 50.1% 31.1% 61.1%
2009 54.1% 41.5% 31% 57.2%
2008 47.9% 32.6% 28.4% 50.3%
2007 46.7% 33.9% 27.1% 48.5%
2006 48.3% 38% 26.1% 44.7%
2005 49.2% 39.9% 26.7% 50.5%
2004 48.2% 42.6% 24.9% 58.6%
2003 48.3% 42.7% 26% 55.3%
2002 47.5% 40.1% 25.7% 53.2%
2001 46.2% 40.9% 24.4% 52%
2000 46.9% 42.4% 23.8% 54.3%
1999 49.9% 44% 25.2% 52.9%
1998 51.3% 46.8% 25.2% 39.5%
1997 54.9% 52.2% 26% 38.8%
1996 58.5% 55.4% 20.9% 40.7%
1995 60% 55.2% 19.9% 46.8%
1994 62.2% 56.2% 22.4% 52.8%
1993 63.7% 54.2% 22.3% 48.1%
1992 60.8% 39.3% 25.4% 49.6%
1991 55.8% 21.9% 25.5% 52.1%
1990 47.1% 13.9% 23.1% 53.9%
1989 44.4% 14.3% 27.6% -
1988 46.4% 16.5% 24.8% -
1987 47.8% 17.6% 23.7% -
1986 46.9% 16.4% 22.3% -
1985 46.3% 15.8% 21.4% -
1984 44.4% 15.2% 23.1% -
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-vincent | CC BY

In 2024, Finland's government spending was $172B, accounting for 57.7% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 82.1% in Finland and 92.7% in Saint Vincent, ranking 42/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Finland

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Finland Saint Vincent
2024 -4.41% -12.9%
2023 -2.98% -12%
2022 -0.18% -9.35%
2021 -2.69% -7.19%
2020 -5.53% -5.92%
2019 -0.93% -3.45%
2018 -0.87% -1.65%
2017 -0.63% -1.56%
2016 -1.7% 0.04%
2015 -2.43% -2.01%
2014 -2.99% -2.82%
2013 -2.52% -5.81%
2012 -2.15% -1.81%
2011 -1.01% -3.5%
2010 -2.57% -3.7%
2009 -2.48% -2.85%
2008 4.18% -1.3%
2007 5.12% -3.07%
2006 3.93% -3.13%
2005 2.59% -4.3%
2004 2.16% -2.71%
2003 2.34% -2.51%
2002 3.97% -2%
2001 4.89% -1.6%
2000 6.73% -0.82%
1999 1.6% -1.93%
1998 1.54% -1.81%
1997 -1.33% -2.77%
1996 -3.37% 1.57%
1995 -5.98% 1.08%
1994 -6.41% 0.12%
1993 -8.09% -1.46%
1992 -4.88% -3.25%
1991 0.3% -0.47%
1990 6.63% 1.69%
1989 6.73% -1.92%
1988 5.09% 0.59%
1987 1.63% 1.1%
1986 3.83% 2.32%
1985 3.33% 4.23%
1984 3.23% 2.5%
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-vincent | 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 Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 41 years, Finland recorded a fiscal deficit in 22 of those years, while Saint Vincent ran a deficit in 31 years. On average, Finland posted an annual surplus equal to 0.09% of GDP, compared to deficit of 2.35% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Finland

Saint Vincent
1x
Year Consumer prices inflation
Finland Saint Vincent
2024 1.57% 3.63%
2023 6.25% 4.56%
2022 7.12% 5.66%
2021 2.19% 1.57%
2020 0.29% -0.63%
2019 1.02% 0.91%
2018 1.08% 2.32%
2017 0.75% 2.15%
2016 0.36% -0.15%
2015 -0.21% -1.73%
2014 1.04% 0.19%
2013 1.48% 0.81%
2012 2.81% 2.6%
2011 3.42% 3.19%
2010 1.18% 0.75%
2009 -0% 0.42%
2008 4.07% 10.1%
2007 2.51% 7.24%
2006 1.57% 2.74%
2005 0.62% 3.73%
2004 0.19% 2.96%
2003 0.88% 0.21%
2002 1.57% 1.86%
2001 2.58% 0.9%
2000 3.04% 0.17%
1999 1.16% 1.01%
1998 1.4% 2.14%
1997 1.19% 0.44%

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

GeoRank.org/economy/finland/saint-vincent | CC BY

Over the past 28 years, Finland has recorded an average annual inflation rate of 1.83%, compared with 2.13% in Saint Vincent. In 2024, inflation was 1.57% in Finland and 3.63% in Saint Vincent.

Top exports between countries

Finland
Export category Export value
Machinery & equipment $19K
Raw materials & minerals $1K
Wood & paper products $1K
Saint Vincent
Export category Export value

Balance of trade

Finland Saint Vincent
Current account balance
-$1.99B
2024
-$157M
2024
Current account balance ranking
143/190
2024
93/190
2024
Current account balance, % of GDP
-0.67%
2024
-13.5%
2024
Goods imports
$76.6B
2024
$445M
2024
Goods exports
$83.1B
2024
$59.2M
2024
Service imports
$47.4B
2024
$196M
2024
Service exports
$42B
2024
$366M
2024
Imports of goods and services, % of GDP
41.6%
2024
n/a
Exports of goods and services, % of GDP
41.9%
2024
15.3%
2025

Economic freedom indices

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

Finland Saint Vincent
Economic freedom 76.6 60
Economic freedom ranking 15/197 98/197
Property rights 99.9 65.2
Government integrity 95.4 63.3
Judicial effectiveness 96.4 76.9
Tax burden 68.4 82
Government spending 7.9 56.2
Fiscal health 76.3 2.8
Business freedom 85.3 67.3
Labor freedom 65.4 60.1
Monetary freedom 80.3 77.3
Trade freedom 79.4 58.8
Investment freedom 85 70
Financial freedom 80 40

Economic freedom comparison by year

Finland
Saint Vincent
1x
Year Economic freedom index
Finland Saint Vincent
2026 76.6 60
2025 77 60.1
2024 76.3 59.8
2023 77.1 63.5
2022 78.3 65.7
2021 76.1 66.3
2020 75.7 66.8
2019 74.9 65.8
2018 74.1 67.7
2017 74 65.2
2016 72.6 68.8
2015 73.4 68
2014 73.4 67
2013 74 66.7
2012 72.3 66.5
2011 74 66.9
2010 73.8 66.9
2009 74.5 64.3
2008 74.6 -
2007 74 -
2006 72.9 -
2005 71 -
2004 73.4 -
2003 73.7 -
2002 73.6 -
2001 69.7 -
2000 64.3 -
1999 63.9 -
1998 63.5 -
1997 65.2 -
1996 63.7 -

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

GeoRank.org/economy/finland/saint-vincent | CC BY

The Economic Freedom Index for Finland is 76.6, ranking 15/197, compared to 60 for Saint Vincent, ranking 98/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Finland Saint Vincent
Services, % of GDP
62.2%
2024
66.4%
2024
Industry, % of GDP
22.8%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
2.47%
2024
3.55%
2024
GNI, Atlas method
$290B
2024
$1.11B
2024
GNI per capita, PPP
$65,640
2024
$21,150
2024
Total reserves including gold
$18B
2024
$317M
2024
Total reserves ranking
65/177
2024
167/177
2024
Net foreign direct investment
$3.28B
2024
-$74M
2024
Net inflows of foreign direct investment
$8.74B
2024
$139M
2024
Net outflows of foreign direct investment
$12B
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI n/a
3.84%
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-vincent | 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.