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Economy of Finland vs Vietnam compared: GDP & Debt

Updated on by Georank

Finland has a GDP of $317B compared to $515B for Vietnam, ranking 48/197 and 33/197 by economy size, respectively.

Finland has $283B in government debt (89.3% of GDP), compared to $156B (30.3% of GDP) in Vietnam.

Finland vs Vietnam GDP by year

Finland
Vietnam
1x
Year GDP, current $
Finland Vietnam
2025 $317,039,368,820 $514,697,215,165
2024 $298,729,432,712 $476,324,572,784
2023 $295,191,741,637 $433,805,036,898
2022 $280,253,099,309 $413,445,230,669
2021 $294,223,210,496 $366,474,752,771
2020 $270,000,311,606 $346,615,738,538
2019 $267,014,821,129 $334,365,270,497
2018 $273,869,255,596 $310,106,478,395
2017 $253,846,138,440 $281,353,605,987
2016 $238,777,818,793 $257,096,001,178
2015 $233,210,733,506 $239,258,328,382
2014 $273,478,528,955 $233,451,469,643
2013 $270,268,036,626 $213,708,811,665
2012 $257,443,384,493 $195,590,661,129
2011 $275,126,915,516 $172,595,049,184
2010 $249,429,613,683 $147,201,173,197
2009 $253,480,783,439 $106,014,659,565
2008 $285,698,662,071 $99,130,304,099
2007 $256,360,251,538 $77,414,425,532
2006 $217,044,068,234 $66,371,664,817
2005 $204,859,368,791 $57,633,255,738
2004 $197,458,297,640 $45,427,854,693
2003 $171,612,867,736 $39,552,513,232
2002 $140,360,963,812 $35,064,105,501
2001 $129,519,672,869 $32,685,198,809
2000 $125,967,821,111 $31,172,518,403
1999 $135,234,241,918 $28,683,659,007
1998 $133,990,876,725 $27,209,602,050
1997 $126,862,902,302 $26,843,700,442
1996 $131,991,975,149 $24,657,470,575
1995 $134,060,457,516 $20,736,164,459
1994 $103,182,697,780 $16,286,433,533
1993 $89,112,105,756 $13,180,953,598
1992 $112,537,828,511 $9,866,990,236
1991 $127,794,441,994 $9,613,369,520
1990 $141,446,120,355 $6,471,740,806
1989 $118,991,270,611 $6,293,304,975
1988 $109,039,090,263 $25,423,812,649
1987 $91,564,993,913 $36,658,108,850
1986 $73,511,611,541 $26,336,616,250
1985 $55,856,676,899 $14,094,687,821
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Finland vs Vietnam by year

Finland
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Finland Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $56,149 - $5,066 -
2024 $53,156 $65,378 $4,717 $16,386
2023 $52,865 $63,415 $4,323 $15,034
2022 $50,441 $62,133 $4,148 $13,905
2021 $53,099 $56,790 $3,704 $12,049
2020 $48,829 $53,297 $3,534 $11,609
2019 $48,358 $52,276 $3,441 $11,029
2018 $49,654 $49,249 $3,222 $10,010
2017 $46,085 $47,235 $2,956 $9,170
2016 $43,451 $44,562 $2,735 $8,375
2015 $42,560 $42,258 $2,578 $7,672
2014 $50,074 $41,547 $2,546 $7,297
2013 $49,691 $41,326 $2,360 $6,758
2012 $47,552 $40,739 $2,185 $6,377
2011 $51,060 $40,846 $1,951 $5,786
2010 $46,506 $38,946 $1,683 $5,389
2009 $47,478 $37,988 $1,226 $5,061
2008 $53,769 $40,081 $1,164 $4,844
2007 $48,473 $37,843 $926 $4,581
2006 $41,214 $34,440 $808 $4,237
2005 $39,050 $32,048 $711 $3,894
2004 $37,768 $31,195 $565 $3,543
2003 $32,920 $29,043 $497 $3,240
2002 $26,989 $28,596 $445 $3,002
2001 $24,965 $27,798 $419 $2,809
2000 $24,336 $26,783 $404 $2,614
1999 $26,180 $24,762 $376 $2,421
1998 $26,000 $23,570 $361 $2,308
1997 $24,682 $21,787 $362 $2,189
1996 $25,757 $20,067 $337 $2,019
1995 $26,246 $19,568 $287.8 $1,841
1994 $20,278 $18,458 $229.9 $1,674
1993 $17,589 $17,458 $189.4 $1,534
1992 $22,320 $17,271 $144.5 $1,413
1991 $25,489 $17,563 $143.7 $1,298
1990 $28,366 $18,149 $98.8 $1,210
1989 $23,969 - $98.1 -
1988 $22,044 - $405 -
1987 $18,565 - $595 -
1986 $14,947 - $436 -
1985 $11,394 - $238.6 -
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 (1960–2025, retrieved 2026-07-08).

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

Finland's GDP per capita is $56,149, ranking 22/197, compared to $5,066 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), Finland ranks 27th at $65,378, while Vietnam ranks 108th at $16,386.

Economic indicators

Finland Vietnam
Gross domestic product
$317B
2025
$515B
2025
GDP rank
48/197
2025
33/197
2025
GDP growth
0.17%
2024-2025
8.02%
2024-2025
GDP per capita
$56,149
2025
$5,066
2025
GDP per capita rank
22/197
2025
122/197
2025
GDP per capita, PPP
$65,378
2024
$16,386
2024
GDP per capita PPP rank
27/197
2024
108/197
2024
Government debt
$283B
2025
$156B
2025
Debt-to-GDP ratio
89.3%
2025
30.3%
2025
Government debt per person
$50,138
2025
$1,537
2025
Government debt per person rank
11/185
2025
130/185
2025
Average annual personal income after taxes
$36,402
2026
$5,133
2026
Market capitalization of domestic companies
$20.3B
2004
$316B
2025
Number of billionaires
7
2026
5
2026
Income share by richest 10%
22.5%
2023
28.1%
2022
Income share by poorest 10%
3.7%
2023
2.6%
2022
Government expenditure, % of GDP
57.6%
2025
22.1%
2025
Consumer prices inflation
0.34%
2024-2025
3.3%
2024-2025
Central bank interest rate n/a
4.5%
2023
Unemployment rate
9.7%
2025
1.53%
2024
Population
5647947
102486146

Spending and national debt comparison by year

Finland
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Finland Vietnam
Government spending Government debt Government spending Government debt
2025 57.6% 89.3% 22.1% 30.3%
2024 57.8% 82.4% 19.1% 31.2%
2023 56% 77% 18.8% 34.3%
2022 52.6% 74% 18.2% 34.9%
2021 55.2% 73.1% 20.1% 39.2%
2020 56.5% 75.3% 21.3% 41.3%
2019 52.6% 65.3% 19.8% 41%
2018 52.7% 65.3% 20.5% 43.8%
2017 52.8% 66.6% 21.5% 46.6%
2016 55.1% 68.6% 22.2% 47.9%
2015 55.7% 68.8% 24.2% 46.1%
2014 57.6% 64.8% 22.8% 43.6%
2013 57.1% 60.8% 24.5% 41.4%
2012 55.7% 57.9% 23.5% 38.3%
2011 53.8% 52% 21.2% 36.2%
2010 54% 50.1% 23.7% 37.3%
2009 54.1% 41.5% 25% 36.2%
2008 47.9% 32.6% 21.4% 31%
2007 46.7% 33.9% 22.3% 32.2%
2006 48.3% 38% 20.5% 30.2%
2005 49.2% 39.9% 20.6% 28.7%
2004 48.2% 42.6% 19.4% 29.4%
2003 48.3% 42.7% 22.2% 29.8%
2002 47.5% 40.1% 19.7% 27.7%
2001 46.2% 40.9% 19.2% 25.4%
2000 46.9% 42.4% 17.8% 24.8%
1999 49.9% 44% 16.7% -
1998 51.3% 46.8% 16% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Finland's government spending was $183B, accounting for 57.6% of its GDP, while Vietnam spent $114B, or 22.1% of GDP.

Debt-to-GDP ratio is 89.3% in Finland and 30.3% in Vietnam, ranking 31/185 and 153/185, respectively.

Government deficit by year

Deficit/surplus
Finland

Vietnam
1x
Year Deficit/surplus, % of GDP
Finland Vietnam
2025 -3.88% -2.2%
2024 -4.4% -1.54%
2023 -2.89% -1.72%
2022 -0.18% 0.67%
2021 -2.69% -1.43%
2020 -5.53% -2.86%
2019 -0.93% -0.4%
2018 -0.87% -1.02%
2017 -0.63% -1.96%
2016 -1.7% -3.16%
2015 -2.43% -4.98%
2014 -2.99% -5.02%
2013 -2.52% -5.96%
2012 -2.15% -5.46%
2011 -1.01% -0.9%
2010 -2.57% -2.25%
2009 -2.48% -4.82%
2008 4.18% -0.45%
2007 5.12% -1.74%
2006 3.93% 0.2%
2005 2.59% -0.95%
2004 2.16% -0.15%
2003 2.34% -2.56%
2002 3.97% -1.85%
2001 4.89% -2.19%
2000 6.73% -1.61%
1999 1.6% -1.25%
1998 1.54% -0.1%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Finland's government deficit, the difference between spending and revenue, was $12.3B, equivalent to 3.88% of GDP. This compares to Vietnam's deficit of $11.3B, or 2.2% of GDP.

Over the past 28 years, Finland recorded a fiscal deficit in 17 of those years, while Vietnam ran a deficit in 26 years. On average, Finland posted an annual deficit equal to 0.03% of GDP, compared to deficit of 2.06% of GDP for Vietnam.

Inflation comparison by year

Inflation
Finland

Vietnam
1x
Year Consumer prices inflation
Finland Vietnam
2025 0.34% 3.3%
2024 1.57% 3.6%
2023 6.25% 3.3%
2022 7.12% 3.2%
2021 2.19% 1.8%
2020 0.29% 3.2%
2019 1.02% 2.8%
2018 1.08% 3.5%
2017 0.75% 3.5%
2016 0.36% 2.7%
2015 -0.21% 0.6%
2014 1.04% 4.1%
2013 1.48% 6.6%
2012 2.81% 9.1%
2011 3.42% 18.7%
2010 1.18% 10.5%
2009 -0% 6.7%
2008 4.07% 23.1%
2007 2.51% 8.3%
2006 1.57% 7.5%
2005 0.62% 8.4%
2004 0.19% 7.9%
2003 0.88% 3.3%
2002 1.57% 4.1%
2001 2.58% -0.3%
2000 3.04% -1.8%
1999 1.16% 4.1%
1998 1.4% 7.2%
1997 1.19% 3.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Finland has recorded an average annual inflation rate of 1.78%, compared with 5.59% in Vietnam. In 2025, inflation was 0.34% in Finland and 3.3% in Vietnam.

Top exports between countries

Finland
Export category Export value
Machinery & equipment $334M
Wood & paper products $30.8M
Chemicals & pharma $8.96M
Metals $6.8M
Raw materials & minerals $2.84M
Textiles & consumer goods $2.5M
Processed food, beverages & tobacco $939K
Raw agricultural goods $222K
Animal & marine products $67K
Miscellaneous $7K
Vietnam
Export category Export value
Metals $109M
Textiles & consumer goods $46.9M
Machinery & equipment $22.9M
Raw materials & minerals $7.76M
Chemicals & pharma $5.98M
Processed food, beverages & tobacco $4.73M
Raw agricultural goods $4.64M
Animal & marine products $745K
Miscellaneous $473K
Wood & paper products $461K

Balance of trade

Finland Vietnam
Current account balance
$4.23B
2025
$30.2B
2024
Current account balance ranking
33/190
2025
18/190
2024
Current account balance, % of GDP
+1.34%
2025
+6.33%
2024
Goods imports
$81.3B
2025
$363B
2024
Goods exports
$90.7B
2025
$407B
2024
Service imports
$48.9B
2025
$35.6B
2024
Service exports
$43.6B
2025
$25B
2024
Imports of goods and services, % of GDP
41.1%
2025
92.1%
2025
Exports of goods and services, % of GDP
42.3%
2025
98.2%
2025

Economic freedom indices

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

Finland Vietnam
Economic freedom 76.6 64.4
Economic freedom ranking 15/197 73/197
Property rights 99.9 47.3
Government integrity 95.4 39.2
Judicial effectiveness 96.4 31.3
Tax burden 68.4 80.9
Government spending 7.9 89.5
Fiscal health 76.3 96.9
Business freedom 85.3 70
Labor freedom 65.4 54.7
Monetary freedom 80.3 73.2
Trade freedom 79.4 79.8
Investment freedom 85 60
Financial freedom 80 50

Economic freedom comparison by year

Finland
Vietnam
1x
Year Economic freedom index
Finland Vietnam
2026 76.6 64.4
2025 77 65.2
2024 76.3 62.8
2023 77.1 61.8
2022 78.3 60.6
2021 76.1 61.7
2020 75.7 58.8
2019 74.9 55.3
2018 74.1 53.1
2017 74 52.4
2016 72.6 54
2015 73.4 51.7
2014 73.4 50.8
2013 74 51
2012 72.3 51.3
2011 74 51.6
2010 73.8 49.8
2009 74.5 51
2008 74.6 50.4
2007 74 49.8
2006 72.9 50.5
2005 71 48.1
2004 73.4 46.1
2003 73.7 46.2
2002 73.6 45.6
2001 69.7 44.3
2000 64.3 43.7
1999 63.9 42.7
1998 63.5 40.4
1997 65.2 38.6
1996 63.7 40.2
1995 - 41.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Finland is 76.6, ranking 15/197, compared to 64.4 for Vietnam, ranking 73/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Finland Vietnam
Services, % of GDP
62.1%
2025
42.7%
2025
Industry, % of GDP
22.5%
2025
37.6%
2025
Agriculture, forestry, and fishing, % of GDP
2.61%
2025
11.6%
2025
GNI, Atlas method
$312B
2025
$505B
2025
GNI per capita, PPP
$66,300
2025
$17,580
2025
Total reserves including gold
$22.5B
2025
$85.6B
2025
Total reserves ranking
64/177
2025
33/177
2025
Net foreign direct investment
$6.97B
2025
-$19.6B
2024
Net inflows of foreign direct investment
$8.74B
2024
$20.2B
2024
Net outflows of foreign direct investment
$12.5B
2024
$600M
2024
Servicing debt to the IMF, % of GNI n/a
7.29%
2024
Poverty at national poverty lines
12.2%
2022
4.2%
2022
Gross capital formation, % of GDP
21.9%
2025
30.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1882–1989, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.