Finland vs Serbia: Economic Indicators Comparison

Finland with a GDP of $276.7B ranked the 43rd largest economy in the world, while Serbia ranked 84th with $50.6B. By GDP 5-years average growth and GDP per capita, Finland and Serbia ranked 148th vs 131st and 17th vs 90th, respectively.

Gross Domestic Product & Income

StatFinlandSerbia
GDP$276.7B$50.6B
GDP growth, 1 year2.4%4.4%
GDP growth, 5-years average1.4%2%
Population5.5M7M
GDP per capita$50k$7.2k
GDP per capita growth1.49%4.97%
Purchasing Power Parity conversion factor0.8841.64
Price level ratio of PPP conversion factor GDP to market exchange rate1.040.42
GDP per capita, PPP adjusted$46k$18k
GNI, Atlas method$266.4B$44.6B
GNI per capita$48k$6.4k
GNI, PPP adjusted$268.1B$115.5B
GNI per capita, PPP adjusted$49k$17k

Financial system and Human development

StatFinlandSerbia
Income Tax Rate31.3%10%
Corporate Tax Rate20%15%
Inflation, consumer prices1.2%2%
Inflation, GDP deflator2.1%2.1%
Unemployment7.8%13.5%
Economic Freedom Index75.766
Personal Freedom Index9.57.84
Human Freedom Index8.77.19
Property Rights Index92.355.4
Judical Effectiveness Index80.546.8
Business Freedom Index84.872.6
Fiscal Health Index90.794.1
Labor Freedom Index50.366.9
Investment Freedom Index8570
Financial Freedom Index8050
Trade Freedom Index86.478
Monetary Freedom Index83.680.7
Government Spending Index11.249.7
Tax Burden Index67.583.7
Government Integrity Index96.144
Corruption Perceptions Index8539
Life expectancy at birth, years81.476.1
Suicide mortality rate, per 100,000 people15.915.6
Mortality caused by road traffic injury, per 100,000 people4.77.4
Intentional homicides, per 100,000 people1.21.1
International tourism, number of arrivals3.2M1.7M

Government debt & reserves

StatFinlandSerbia
Central government debt, % of GDP60.5%54.3%
External debt stocks, % of GNIN/A71.7%
External debt stocksN/A$34.3B
Short-term debt, % of total reservesN/A16.4%
Total debt service, % of exports and primary incomeN/A22.3%
Adjusted net savings including particulate emission damage, % of GNI10.2%-3.2%
Gross savings, % of GDP23.9%18.6%
Gross capital formation, % of GDP24.9%22.7%
Total reserves including gold$10.3B$12.9B
Foreign direct investment net inflows-$4.9B$4.1B

Exports, imports and economic structure

StatFinlandSerbia
Exports of goods and services, % of GDP38.6%50.8%
Imports of goods and services, % of GDP39.3%59.3%
Current account balance (balance of payments)-$4.5B-$2.6B
Revenue excluding grants, % of GDP36.6%32.8%
Grants excluding technical cooperation, BoPN/A$334.6M
Personal remittances received$949.7M$4.3B
Industry including construction value added, % of GDP24.5%25.5%
Agriculture, forestry and fishing value added, % of GDP2.5%6.3%
Charges for the use of intellectual property, payments BoP$1.1B$289.7M
Charges for the use of intellectual property, receipts BoP$3.4B$57.9M
Expense, % of GDP37.9%36.9%
Government Expenditure, % of GDP54.4%40.9%

Compare with countries close by GDP per capita

Finland vs

CountryGDP
per capita
Population
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M

Serbia vs

CountryGDP
per capita
Population
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M