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Economy of Finland vs Tuvalu compared: GDP & Debt

Updated on by Georank team

Finland has a GDP of $299B compared to $62.3M for Tuvalu, ranking 47/197 and 196/197 by economy size, respectively.

Finland has $245B in government debt (82.1% of GDP), compared to $4.15M (6.96% of GDP) in Tuvalu.

Finland vs Tuvalu GDP by year

Finland
Tuvalu
1x
Year GDP, current $
Finland Tuvalu
2024 $298,696,961,298 -
2023 $295,021,982,463 $62,280,312
2022 $280,253,099,309 $59,065,982
2021 $294,223,210,496 $60,196,406
2020 $270,000,311,606 $51,746,594
2019 $267,014,821,129 $54,123,199
2018 $273,869,255,596 $48,015,260
2017 $253,846,138,440 $45,276,595
2016 $238,777,818,793 $41,629,064
2015 $233,210,733,506 $36,811,936
2014 $273,478,528,955 $38,760,983
2013 $270,268,036,626 $38,615,891
2012 $257,443,384,493 $39,345,579
2011 $275,126,915,516 $39,196,957
2010 $249,429,613,683 $32,105,408
2009 $253,480,783,439 $28,076,984
2008 $285,698,662,071 $31,874,435
2007 $256,360,251,538 $28,450,169
2006 $217,044,068,234 $24,096,875
2005 $204,859,368,791 $22,909,980
2004 $197,458,297,640 $22,798,275
2003 $171,612,867,736 $19,456,338
2002 $140,360,963,812 $16,842,673
2001 $129,519,672,869 $13,964,732
2000 $125,967,821,111 $15,073,976
1999 $135,234,241,918 $14,800,503
1998 $133,990,876,725 $13,795,146
1997 $126,862,902,302 $13,734,210
1996 $131,991,975,149 $13,338,597
1995 $134,060,457,516 $11,922,614
1994 $103,182,697,780 $11,772,611
1993 $89,112,105,756 $10,414,400
1992 $112,537,828,511 $10,535,028
1991 $127,794,441,994 $10,127,314
1990 $141,446,120,355 $9,542,901
1989 $118,991,270,611 $8,454,523
1988 $109,039,090,263 $7,011,059
1987 $91,564,993,913 $5,020,513
1986 $73,511,611,541 $4,574,706
1985 $55,856,676,899 $3,862,852
1984 $52,870,993,273 $4,481,978
1983 $50,956,447,481 $4,152,550
1982 $52,784,013,815 $4,118,945
1981 $52,440,066,134 $4,773,018
1980 $53,649,984,061 $4,206,128
1979 $44,469,218,440 $4,065,659
1978 $36,259,392,058 $3,798,782
1977 $33,502,784,418 $3,669,420
1976 $31,852,352,670 $3,919,072
1975 $29,475,251,333 $4,014,748
1974 $24,851,036,710 $4,122,329
1973 $19,474,098,335 $3,411,915
1972 $14,744,499,570 $2,968,458
1971 $12,528,522,307 $2,716,990
1970 $11,358,529,162 $2,585,956
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/tuvalu | CC BY

GDP per capita in Finland vs Tuvalu by year

Finland
GDP per capita

GDP per capita, PPP
Tuvalu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Finland Tuvalu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $53,150 $65,378 - -
2023 $52,834 $63,415 $6,345 $6,151
2022 $50,441 $62,133 $5,911 $5,661
2021 $53,099 $56,790 $5,905 $5,353
2020 $48,829 $53,297 $4,976 $5,122
2019 $48,358 $52,276 $5,115 $5,210
2018 $49,654 $49,249 $4,466 $4,432
2017 $46,085 $47,235 $4,166 $4,227
2016 $43,451 $44,562 $3,809 $4,031
2015 $42,560 $42,258 $3,358 $3,776
2014 $50,074 $41,547 $3,529 $3,419
2013 $49,691 $41,326 $3,510 $3,277
2012 $47,552 $40,739 $3,598 $3,170
2011 $51,060 $40,846 $3,636 $3,176
2010 $46,506 $38,946 $3,025 $2,945
2009 $47,478 $37,988 $2,684 $3,082
2008 $53,769 $40,081 $3,088 $3,291
2007 $48,473 $37,843 $2,794 $3,034
2006 $41,214 $34,440 $2,396 $2,787
2005 $39,050 $32,048 $2,305 $2,728
2004 $37,768 $31,195 $2,323 $2,765
2003 $32,920 $29,043 $2,007 $2,770
2002 $26,989 $28,596 $1,750 $2,915
2001 $24,965 $27,798 $1,457 $2,596
2000 $24,336 $26,783 $1,579 $2,597
1999 $26,180 $24,762 $1,559 $2,543
1998 $26,000 $23,570 $1,460 $2,560
1997 $24,682 $21,787 $1,461 $2,204
1996 $25,757 $20,067 $1,428 $1,982
1995 $26,246 $19,568 $1,285 $2,083
1994 $20,278 $18,458 $1,279 $2,165
1993 $17,589 $17,458 $1,141 $1,939
1992 $22,320 $17,271 $1,166 $1,837
1991 $25,489 $17,563 $1,134 $1,769
1990 $28,366 $18,149 $1,085 $1,676
1989 $23,969 - $976 -
1988 $22,044 - $823 -
1987 $18,565 - $600 -
1986 $14,947 - $557 -
1985 $11,394 - $480 -
1984 $10,830 - $567 -
1983 $10,494 - $533 -
1982 $10,935 - $537 -
1981 $10,925 - $634 -
1980 $11,225 - $571 -
1979 $9,333 - $566 -
1978 $7,629 - $546 -
1977 $7,070 - $549 -
1976 $6,740 - $612 -
1975 $6,256 - $656 -
1974 $5,298 - $708 -
1973 $4,174 - $601 -
1972 $3,178 - $522 -
1971 $2,716 - $478 -
1970 $2,466 - $457 -
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/tuvalu | CC BY

Finland's GDP per capita is $53,150, ranking 23/197, compared to $6,345 in Tuvalu, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Finland ranks 27th at $65,378, while Tuvalu ranks 152nd at $6,151.

Economic indicators

Finland Tuvalu
Gross domestic product
$299B
2024
$62.3M
2023
GDP rank
47/197
2024
196/197
2023
GDP growth
0.42%
2023-2024
3.85%
2022-2023
GDP per capita
$53,150
2024
$6,345
2023
GDP per capita rank
23/197
2024
110/197
2023
GDP per capita, PPP
$65,378
2024
$6,151
2023
GDP per capita PPP rank
27/197
2024
152/197
2023
Government debt
$245B
2024
$4.15M
2023
Debt-to-GDP ratio
82.1%
2024
6.96%
2024
Government debt per person
$43,662
2024
$423
2023
Government debt per person rank
12/185
2024
171/185
2023
Average annual personal income after taxes
$36,394
2026
$4,233
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
30.8%
2010
Income share by poorest 10%
3.7%
2023
2.7%
2010
Government expenditure, % of GDP
57.7%
2024
118.4%
2024
Consumer prices inflation
1.57%
2023-2024
1.2%
2023-2024
Unemployment rate
8.34%
2024
7.32%
2022
Population
5631965
9341

Spending and national debt comparison by year

Finland
Spending

Debt
Tuvalu
Spending

Debt
1x
Year % of GDP
Finland Tuvalu
Government spending Government debt Government spending Government debt
2024 57.7% 82.1% 118.4% 6.96%
2023 55.9% 77.5% 138.8% 6.67%
2022 52.6% 74% 115.3% 6.33%
2021 55.2% 73.2% 113.8% 11.3%
2020 56.5% 75.3% 119.5% 12.1%
2019 52.6% 65.3% 113.6% 11.6%
2018 52.7% 65.3% 125.6% 11.8%
2017 52.8% 66.6% 106.4% 12%
2016 55.1% 68.6% 119.6% 11.5%
2015 55.7% 68.8% 116.9% 14.4%
2014 57.6% 64.8% 96.8% 16.4%
2013 57.1% 60.8% 80.2% 17.8%
2012 55.7% 57.9% 76.8% 19.3%
2011 53.8% 52% 77.2% 19.1%
2010 54% 50.1% 93.9% 21.1%
2009 54.1% 41.5% 100% 20.6%
2008 47.9% 32.6% 85.8% 19.8%
2007 46.7% 33.9% 88.6% 32.4%
2006 48.3% 38% 98.5% 37.5%
2005 49.2% 39.9% 82.1% 37.4%
2004 48.2% 42.6% 74.1% -
2003 48.3% 42.7% - -
2002 47.5% 40.1% - -
2001 46.2% 40.9% - -
2000 46.9% 42.4% - -
1999 49.9% 44% - -
1998 51.3% 46.8% - -
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/tuvalu | CC BY

In 2024, Finland's government spending was $172B, accounting for 57.7% of its GDP, while Tuvalu spent $86.4M, or 118.4% of GDP.

Debt-to-GDP ratio is 82.1% in Finland and 6.96% in Tuvalu, ranking 42/185 and 182/185, respectively.

Government deficit by year

Deficit/surplus
Finland

Tuvalu
1x
Year Deficit/surplus, % of GDP
Finland Tuvalu
2024 -4.41% -8.23%
2023 -2.98% 15.3%
2022 -0.18% -14.6%
2021 -2.69% -13.3%
2020 -5.53% 13.7%
2019 -0.93% -1.07%
2018 -0.87% 30.3%
2017 -0.63% 2.09%
2016 -1.7% 27.5%
2015 -2.43% 14.7%
2014 -2.99% 3.26%
2013 -2.52% 26%
2012 -2.15% 9.58%
2011 -1.01% -8.8%
2010 -2.57% -23.4%
2009 -2.48% -13.5%
2008 4.18% -17.2%
2007 5.12% -18.6%
2006 3.93% -36.8%
2005 2.59% -12.8%
2004 2.16% -3.6%
2003 2.34% -
2002 3.97% -
2001 4.89% -
2000 6.73% -
1999 1.6% -
1998 1.54% -
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/tuvalu | CC BY

In 2023, Finland's government deficit, the difference between spending and revenue, was $8.81B, equivalent to 2.98% of GDP. This compares to Tuvalu's surplus of $9.55M, or 15.3% of GDP.

Over the past 20 years, Finland recorded a fiscal deficit in 15 of those years, while Tuvalu ran a deficit in 11 years. On average, Finland posted an annual deficit equal to 0.69% of GDP, compared to deficit of 1.06% of GDP for Tuvalu.

Inflation comparison by year

Inflation
Finland

Tuvalu
1x
Year Consumer prices inflation
Finland Tuvalu
2024 1.57% 1.2%
2023 6.25% 7.2%
2022 7.12% 12.2%
2021 2.19% 6.7%
2020 0.29% 1.6%
2019 1.02% 3.5%
2018 1.08% 2.2%
2017 0.75% 4.1%
2016 0.36% 3.5%
2015 -0.21% 3.1%
2014 1.04% 1.1%
2013 1.48% 2%
2012 2.81% 1.4%
2011 3.42% 0.5%
2010 1.18% -1.9%
2009 -0% -0.3%
2008 4.07% 10.4%
2007 2.51% 2.3%
2006 1.57% 4.2%
2005 0.62% 3.2%
2004 0.19% 2.4%
2003 0.88% 2.9%
2002 1.57% 5.1%
2001 2.58% 1.5%
2000 3.04% -
1999 1.16% -
1998 1.4% -
1997 1.19% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2001–2024, retrieved 2026-02-20).

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

Over the past 24 years, Finland has recorded an average annual inflation rate of 1.85%, compared with 3.34% in Tuvalu. In 2024, inflation was 1.57% in Finland and 1.2% in Tuvalu.

Top exports between countries

Finland
Export category Export value
Machinery & equipment $297K
Tuvalu
Export category Export value

Balance of trade

Finland Tuvalu
Current account balance
-$1.99B
2024
$2.71M
2022
Current account balance ranking
143/190
2024
77/190
2022
Current account balance, % of GDP
-0.67%
2024
+4.59%
2022
Goods imports
$76.6B
2024
$24.2M
2022
Goods exports
$83.1B
2024
$184K
2022
Service imports
$47.4B
2024
$33.1M
2022
Service exports
$42B
2024
$2.05M
2022
Imports of goods and services, % of GDP
41.6%
2024
n/a
Exports of goods and services, % of GDP
41.9%
2024
8.22%
2025

Economic freedom indices

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

Finland Tuvalu
Economic freedom 76.6 60
Economic freedom ranking 15/197 99/197
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 Tuvalu
Services, % of GDP
62.2%
2024
n/a
Industry, % of GDP
22.8%
2024
7.02%
2015
Agriculture, forestry, and fishing, % of GDP
2.47%
2024
15.9%
2015
GNI, Atlas method
$290B
2024
$86M
2023
GNI per capita, PPP
$65,640
2024
$8,320
2023
Total reserves including gold
$18B
2024
n/a
Total reserves ranking
65/177
2024
n/a
Net foreign direct investment
$3.28B
2024
$0
2022
Net inflows of foreign direct investment
$8.74B
2024
$258K
2024
Net outflows of foreign direct investment
$12B
2024
$0
2024
Poverty at national poverty lines
12.2%
2022
26.3%
2020
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/tuvalu | CC BY

Compare countries by 7 more topics

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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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  9. TradeMap (2023, retrieved 2026-02-08)

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.