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Economy of Finland vs Yemen compared: GDP & Debt

Updated on by Georank team

Finland has a GDP of $300B compared to $21.6B for Yemen, ranking 48/197 and 124/197 by economy size, respectively.

Finland has $247B in government debt (86.4% of GDP), compared to $18.8B (71.2% of GDP) in Yemen.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Finland
GDP, current $

GDP, constant 2015 $
Yemen
GDP, current $

GDP, constant 2015 $
Year GDP
Finland Yemen
Current $ Constant $ Current $ Constant $
1960 $5,279,481,824 $49,407,156,991 - -
1961 $5,984,433,774 $53,164,408,474 - -
1962 $6,407,796,043 $54,749,742,179 - -
1963 $6,958,916,548 $56,548,325,760 - -
1964 $7,848,987,793 $59,510,715,323 - -
1965 $8,680,393,839 $62,666,483,933 - -
1966 $9,306,142,172 $64,153,448,687 - -
1967 $9,468,272,357 $65,544,827,212 - -
1968 $8,916,565,041 $67,054,514,651 - -
1969 $10,177,524,839 $73,487,247,215 - -
1970 $11,358,529,162 $78,977,062,520 - -
1971 $12,528,522,307 $80,838,489,675 - -
1972 $14,744,499,570 $87,091,738,772 - -
1973 $19,474,098,335 $93,174,076,320 - -
1974 $24,851,036,710 $96,189,686,453 - -
1975 $29,475,251,333 $97,925,812,134 - -
1976 $31,852,352,670 $98,263,052,167 - -
1977 $33,502,784,418 $98,498,402,622 - -
1978 $36,259,392,058 $101,374,267,934 - -
1979 $44,469,218,440 $108,594,068,216 - -
1980 $53,649,984,061 $114,446,254,119 - -
1981 $52,440,066,134 $115,921,906,116 - -
1982 $52,784,013,815 $119,500,085,463 - -
1983 $50,956,447,481 $123,209,187,440 - -
1984 $52,870,993,273 $127,184,572,428 - -
1985 $55,856,676,899 $131,686,975,464 - -
1986 $73,511,611,541 $135,315,082,419 - -
1987 $91,564,993,913 $140,133,697,120 - -
1988 $109,039,090,263 $147,464,248,897 - -
1989 $118,991,270,611 $154,961,227,426 - -
1990 $141,446,120,355 $156,033,016,628 $12,643,821,569 $23,917,787,986
1991 $127,794,441,994 $146,857,345,005 $14,665,445,462 $25,423,052,504
1992 $112,537,828,511 $141,994,349,627 $17,959,367,194 $27,509,674,488
1993 $89,112,105,756 $140,887,056,303 $21,736,802,664 $28,610,602,412
1994 $103,182,697,780 $146,472,344,494 $28,019,483,764 $30,533,792,550
1995 $134,060,457,516 $152,674,521,262 $12,796,345,679 $32,264,866,629
1996 $131,991,975,149 $158,266,465,562 $6,496,163,616 $33,760,332,652
1997 $126,862,902,302 $168,391,880,312 $6,838,298,531 $35,526,373,478
1998 $133,990,876,725 $177,576,428,489 $6,322,175,566 $37,660,334,235
1999 $135,234,241,918 $185,370,756,399 $7,639,325,296 $39,082,211,639
2000 $125,967,821,111 $196,036,503,504 $9,679,316,770 $41,498,240,974
2001 $129,519,672,869 $201,212,380,923 $9,852,990,693 $43,076,687,104
2002 $140,360,963,812 $204,607,490,635 $10,693,430,511 $44,771,854,466
2003 $171,612,867,736 $208,723,783,983 $11,777,532,662 $46,449,634,128
2004 $197,458,297,640 $217,083,963,685 $13,867,634,371 $48,294,937,071
2005 $204,859,368,791 $223,113,056,548 $16,731,566,717 $50,995,468,285
2006 $217,044,068,234 $232,081,249,320 $19,063,143,370 $52,612,233,385
2007 $256,360,251,538 $244,411,266,035 $21,650,528,674 $54,368,654,892
2008 $285,698,662,071 $246,328,504,349 $26,910,855,807 $56,351,789,349
2009 $253,480,783,439 $226,434,937,569 $25,130,278,213 $58,530,478,862
2010 $249,429,613,683 $233,609,048,325 $30,906,749,533 $63,038,676,059
2011 $275,126,915,516 $239,193,226,293 $32,726,417,878 $55,023,373,391
2012 $257,443,384,493 $235,550,695,854 $35,401,331,609 $56,340,077,326
2013 $270,268,036,626 $233,242,909,052 $40,415,233,436 $59,057,651,706
2014 $273,478,528,955 $232,127,848,351 $43,228,585,321 $58,946,215,682
2015 $233,210,733,506 $233,210,733,506 $42,444,490,074 $42,444,490,074
2016 $238,777,818,793 $239,208,760,000 $31,317,825,274 $38,465,266,573
2017 $253,846,138,440 $247,110,710,502 $26,842,229,045 $36,514,386,859
2018 $273,869,255,596 $250,058,685,919 $21,606,160,663 $36,789,138,484
2019 $267,014,821,129 $253,433,824,169 - -
2020 $270,000,311,606 $247,120,696,232 - -
2021 $294,223,210,496 $253,734,502,126 - -
2022 $280,253,099,309 $255,670,602,725 - -
2023 $294,950,618,733 $253,249,645,355 - -
2024 $299,835,625,551 $252,859,096,868 - -

Economic indicators

Finland Yemen
Gross domestic product
$300B
2024
$21.6B
2018
GDP rank
48/197
2024
124/197
2018
GDP growth
1.66%
2023-2024
-19.5%
2017-2018
GDP per capita
$53,189
2024
$634
2018
GDP per capita rank
22/197
2024
192/197
2018
GDP per capita, PPP
$64,091
2024
$3,164
2013
Government debt
$247B
2024
$18.8B
2018
Debt-to-GDP ratio
86.4%
2025
71.2%
2025
Government debt per person
$43,897
2024
$551
2018
Government debt per person rank
12/185
2024
164/185
2018
Average annual personal income after taxes
$37,252
2025
$1,333
2025
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
29.4%
2014
Income share by poorest 10%
3.7%
2023
3%
2014
Government expenditure, % of GDP
57.5%
2025
9.59%
2025
Consumer prices inflation
1.57%
2023-2024
20.4%
2024-2025
Unemployment rate
8.34%
2024
13.5%
2014
Population
5643254
42727988

GDP per capita in Finland vs Yemen

Finland's GDP per capita is $53,189, ranking 22/197, compared to $634 in Yemen, ranking 192/197. Adjusted for purchasing power (GDP per capita PPP), Finland ranks 28th at $64,091, while Yemen ranks 178th at $3,164.

Finland
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
Year Current $
Finland Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $1,192 - - -
1961 $1,341 - - -
1962 $1,427 - - -
1963 $1,538 - - -
1964 $1,726 - - -
1965 $1,902 - - -
1966 $2,032 - - -
1967 $2,056 - - -
1968 $1,927 - - -
1969 $2,201 - - -
1970 $2,466 - - -
1971 $2,716 - - -
1972 $3,178 - - -
1973 $4,174 - - -
1974 $5,298 - - -
1975 $6,256 - - -
1976 $6,740 - - -
1977 $7,070 - - -
1978 $7,629 - - -
1979 $9,333 - - -
1980 $11,225 - - -
1981 $10,925 - - -
1982 $10,935 - - -
1983 $10,494 - - -
1984 $10,830 - - -
1985 $11,394 - - -
1986 $14,947 - - -
1987 $18,565 - - -
1988 $22,044 - - -
1989 $23,969 - - -
1990 $28,366 $18,135 $910 $1,742
1991 $25,489 $17,550 $1,016 $1,843
1992 $22,320 $17,260 $1,198 $1,963
1993 $17,589 $17,446 $1,397 $2,013
1994 $20,278 $18,445 $1,735 $2,115
1995 $26,246 $19,555 $764 $2,201
1996 $25,757 $20,060 $375 $2,268
1997 $24,682 $21,782 $383 $2,351
1998 $26,000 $23,568 $343 $2,442
1999 $26,180 $24,762 $401 $2,492
2000 $24,336 $26,777 $493 $2,624
2001 $24,965 $27,801 $487 $2,702
2002 $26,989 $28,596 $513 $2,768
2003 $32,920 $29,046 $549 $2,844
2004 $37,768 $31,199 $628 $2,949
2005 $39,050 $32,048 $734 $3,113
2006 $41,214 $34,448 $810 $3,205
2007 $48,473 $37,844 $890 $3,294
2008 $53,769 $40,081 $1,072 $3,370
2009 $47,478 $37,969 $969 $3,411
2010 $46,506 $38,951 $1,155 $3,603
2011 $51,060 $40,846 $1,186 $3,113
2012 $47,552 $40,739 $1,245 $3,005
2013 $49,691 $41,326 $1,379 $3,164
2014 $50,074 $41,547 $1,430 -
2015 $42,560 $42,269 $1,362 -
2016 $43,451 $44,562 $975 -
2017 $46,085 $47,235 $811 -
2018 $49,654 $49,249 $634 -
2019 $48,358 $52,276 - -
2020 $48,829 $53,297 - -
2021 $53,099 $56,790 - -
2022 $50,441 $61,347 - -
2023 $52,822 $61,613 - -
2024 $53,189 $64,091 - -

Spending and national debt comparison

In 2024, Finland's government spending was $172B, accounting for 57.5% of its GDP, while Yemen's spent $3.08B, or 9.59% of GDP.

Debt-to-GDP ratio is 86.4% in Finland and 71.2% in Yemen, ranking 38/185 and 54/185, respectively.

Finland
Government spending

Government debt
Yemen
Government spending

Government debt
Year % of GDP
Finland Yemen
Government spending Government debt Government spending Government debt
1960 22.5% 9.96% - -
1961 22.7% 9.12% - -
1962 23.9% 10.3% - -
1963 21.6% 12.2% - -
1964 22.8% 12.5% - -
1965 23.2% 13% - -
1966 23.3% 13.7% - -
1967 23.5% 14.2% - -
1968 25.5% 13.9% - -
1969 22.2% 10.8% - -
1970 21.9% 9.19% - -
1971 22.8% 7.94% - -
1972 20.4% 6.46% - -
1973 21.8% 4.42% - -
1974 22.9% 2.97% - -
1975 38.6% 6.76% - -
1976 39.8% 7.09% - -
1977 41.7% 8.22% - -
1978 41.3% 10.7% - -
1979 40.3% 11% - -
1980 40.1% 10.9% - -
1981 41% 11.5% - -
1982 42.7% 13.9% - -
1983 44.4% 15.4% - -
1984 44.4% 15.2% - -
1985 46.3% 15.8% - -
1986 46.9% 16.4% - -
1987 47.8% 17.6% - -
1988 46.4% 16.5% - -
1989 44.4% 14.3% - -
1990 47.1% 13.9% 26.6% 91.6%
1991 55.8% 21.9% 24.7% 82.7%
1992 60.8% 39.3% 24.6% 78%
1993 63.7% 54.2% 25.8% 76.7%
1994 62.2% 56.2% 25.2% 73.3%
1995 60% 55.2% 24.1% 84.1%
1996 58.5% 55.4% 30.7% 114.9%
1997 54.9% 52.2% 34.2% 74.2%
1998 51.3% 46.8% 34.3% 110.6%
1999 49.9% 44% 28.2% 96.1%
2000 46.9% 42.4% 31.7% 60.8%
2001 46.2% 40.9% 30.5% 60.6%
2002 47.5% 40.1% 30.8% 57.8%
2003 48.3% 42.7% 35.3% 56.8%
2004 48.2% 42.6% 34.2% 52.1%
2005 49.2% 39.9% 36.8% 43.8%
2006 48.3% 38% 37.4% 40.8%
2007 46.7% 33.9% 40.3% 40.4%
2008 47.9% 32.6% 41.2% 36.4%
2009 54.1% 41.5% 35.2% 49.8%
2010 54% 50.1% 30.2% 42.4%
2011 53.8% 52% 29.8% 45.7%
2012 55.7% 57.9% 36.2% 47.6%
2013 57.1% 60.8% 30.8% 48.4%
2014 57.6% 64.8% 27.8% 48.9%
2015 55.7% 68.8% 19.4% 57.7%
2016 55.1% 68.6% 16.1% 76.5%
2017 52.8% 66.6% 8.39% 83.8%
2018 52.9% 65.3% 14.3% 86.9%
2019 52.6% 65.2% 13.2% 91.5%
2020 56.4% 75.4% 10.6% 87%
2021 55.1% 73.2% 8.22% 75.9%
2022 52.6% 74% 12.2% 65.3%
2023 55.8% 77.3% 11.8% 77.9%
2024 57.4% 82.5% 8.91% 70.9%
2025 57.5% 86.4% 9.59% 71.2%

Government deficit by year

In 2018, Finland's government deficit, the difference between spending and revenue, was -$3.1B, equivalent to -1.13% of GDP. This compares to Yemen's deficit of -$1.7B, or -7.85% of GDP.

Over the past 29 years, Finland recorded a fiscal deficit in 16 of those years, while Yemen ran a deficit in 25 years. On average, Finland posted an annual deficit equal to -0.13% of GDP, compared to deficit of -5.04% of GDP for Yemen.

Deficit/surplus
Finland

Yemen
Year Deficit/surplus, % of GDP
Finland Yemen
1882 0.2% -
1883 0% -
1884 -0.2% -
1885 -1.2% -
1886 0% -
1887 -1.46% -
1888 -0.59% -
1889 0.18% -
1890 0.17% -
1891 0.16% -
1892 0.82% -
1893 0% -
1894 -0.62% -
1895 -1.21% -
1896 -0.56% -
1897 -0.37% -
1898 -4.55% -
1899 -1% -
1900 -0.52% -
1901 -2.13% -
1902 -1.74% -
1903 -0.3% -
1904 -1.63% -
1905 -1.28% -
1906 0.86% -
1907 0.24% -
1908 -1.92% -
1909 -2.64% -
1910 -0.3% -
1911 -0.14% -
1912 0.33% -
1913 -0.25% -
1914 -1.15% -
1915 -0.29% -
1916 1.48% -
1917 -1.27% -
1918 -11.4% -
1919 -7.49% -
1920 -2.6% -
1921 -2.59% -
1922 0.62% -
1923 -2.3% -
1924 0.04% -
1925 -2.92% -
1926 -2.9% -
1927 -0.32% -
1928 -2.07% -
1929 -0.78% -
1930 -1.94% -
1931 -2.32% -
1932 -2.61% -
1933 -1.63% -
1934 -2.81% -
1935 -3.81% -
1936 -3.75% -
1937 -4.44% -
1938 -1.48% -
1939 -9.76% -
1940 -36.9% -
1941 -35.8% -
1942 -16.4% -
1943 -14.2% -
1944 -21.5% -
1945 -6.35% -
1946 -15.3% -
1947 -5.99% -
1948 1.88% -
1949 -2.77% -
1950 -0.26% -
1951 1.1% -
1952 -1.24% -
1953 0.02% -
1954 -0.17% -
1955 -1% -
1956 -1.14% -
1957 0.08% -
1958 -1.73% -
1959 -0.12% -
1960 -0.52% -
1961 -3.03% -
1962 -2.37% -
1963 -2.5% -
1964 -1.35% -
1965 -1.67% -
1966 -1.08% -
1967 -0.26% -
1968 -1.69% -
1969 0.94% -
1970 1.06% -
1971 0.15% -
1972 -0.18% -
1973 1.48% -
1974 -0.03% -
1975 4.96% -
1976 7.65% -
1977 6.27% -
1978 3.83% -
1979 3.41% -
1980 3.7% -
1981 5.11% -
1982 3.06% -
1983 1.52% -
1984 3.23% -
1985 3.33% -
1986 3.83% -
1987 1.63% -
1988 5.09% -
1989 6.73% -
1990 6.63% -10.3%
1991 0.3% -5.76%
1992 -4.88% -10.9%
1993 -8.09% -12.8%
1994 -6.41% -14%
1995 -5.98% -5.74%
1996 -3.37% -0.92%
1997 -1.33% -1.5%
1998 1.54% -7.77%
1999 1.6% 0.06%
2000 6.73% 6.09%
2001 4.89% 2.79%
2002 3.97% -0.56%
2003 2.34% -4.2%
2004 2.16% -2.15%
2005 2.59% -1.82%
2006 3.93% 1.19%
2007 5.12% -7.18%
2008 4.18% -4.53%
2009 -2.48% -10.2%
2010 -2.57% -4.06%
2011 -1.01% -4.51%
2012 -2.15% -6.32%
2013 -2.52% -6.9%
2014 -2.99% -4.14%
2015 -2.43% -8.75%
2016 -1.68% -8.51%
2017 -0.61% -4.9%
2018 -1.13% -7.85%
2019 -0.93% -5.89%
2020 -5.53% -4.3%
2021 -2.69% -0.89%
2022 -0.17% -2.15%
2023 -3% -5.63%
2024 -4.21% -2.48%
2025 -3.51% -3.73%

Inflation comparison by year

Over the past 29 years, Finland has recorded an average annual inflation rate of 1.79%, compared with 16.3% in Yemen. In 2024, inflation was 1.57% in Finland and 20.4% in Yemen.

Inflation
Finland

Yemen
Year Inflation
Finland Yemen Finland Yemen
1996 0.63% 38.8%
1997 1.19% 4.6%
1998 1.4% 11.5%
1999 1.16% 7.9%
2000 3.04% 11%
2001 2.58% 11.9%
2002 1.57% 12.2%
2003 0.88% 10.8%
2004 0.19% 12.5%
2005 0.62% 9.9%
2006 1.57% 10.8%
2007 2.51% 7.9%
2008 4.07% 19%
2009 -0% 3.7%
2010 1.18% 11.2%
2011 3.42% 19.5%
2012 2.81% 9.9%
2013 1.48% 11%
2014 1.04% 8.2%
2015 -0.21% 22%
2016 0.36% 21.3%
2017 0.75% 30.4%
2018 1.08% 33.6%
2019 1.02% 15.7%
2020 0.29% 21.7%
2021 2.19% 31.5%
2022 7.12% 29.5%
2023 6.25% 0.9%
2024 1.57% 33.9%
2025 - 20.4%

Top exports between countries

Finland
Export category Export value
Wood & paper products $4.01M
Miscellaneous $605K
Chemicals & pharma $281K
Machinery & equipment $266K
Textiles & consumer goods $20K
Metals $1K
Raw materials & minerals $1K
Yemen
Export category Export value

Balance of trade

Finland Yemen
Current account balance
-$90.6M
2024
-$2.42B
2016
Current account balance ranking
86/189
2024
146/189
2016
Current account balance, % of GDP
-0.03%
2024
-7.72%
2016
Goods imports
$76.4B
2024
$6.8B
2016
Goods exports
$83.1B
2024
$473M
2016
Service imports
$47.4B
2024
$1.46B
2016
Service exports
$42B
2024
$466M
2016
Imports of goods and services, % of GDP
40.9%
2024
47.3%
2018
Exports of goods and services, % of GDP
41.6%
2024
8.76%
2018

Economic freedom indices

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

Finland Yemen
Economic freedom 77 53.7
Economic freedom ranking 15/197 140/197
Property rights 100 5.1
Government integrity 94.8 6.1
Judicial effectiveness 97 8.3
Tax burden 68.2 91.5
Government spending 7.3 95.6
Fiscal health 81.5 48.9
Business freedom 88.3 28.4
Labor freedom 65.6 30.7
Monetary freedom 76.1 54.6
Trade freedom 79.6 67.4
Investment freedom 85 50
Financial freedom 80 30

Economic freedom by year comparison

The Economic Freedom Index for Finland is 77, ranking 15/197, compared to 53.7 for Yemen, ranking 140/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Finland
Yemen
Year Economic freedom index
Finland Yemen
1995 - 49.8
1996 63.7 49.6
1997 65.2 48.4
1998 63.5 46.1
1999 63.9 43.3
2000 64.3 44.5
2001 69.7 44.3
2002 73.6 48.6
2003 73.7 50.3
2004 73.4 50.5
2005 71 53.8
2006 72.9 52.6
2007 74 54.1
2008 74.6 53.8
2009 74.5 56.9
2010 73.8 54.4
2011 74 54.2
2012 72.3 55.3
2013 74 55.9
2014 73.4 55.5
2015 73.4 53.7
2016 72.6 -
2017 74 -
2018 74.1 -
2019 74.9 -
2020 75.7 -
2021 76.1 -
2022 78.3 -
2023 77.1 -
2024 76.3 -
2025 77 -

More economic indicators

Finland Yemen
Services, % of GDP
62.9%
2024
41.8%
2018
Industry, % of GDP
22.1%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
2.46%
2024
28.7%
2018
GNI, Atlas method
$292B
2024
$25.3B
2018
GNI per capita, PPP
$64,340
2024
$3,020
2013
Total reserves including gold
$18B
2024
$1.25B
2022
Total reserves ranking
65/177
2024
139/177
2022
Net foreign direct investment
$3.49B
2024
$15.4M
2015
Net inflows of foreign direct investment
$2.54B
2024
-$371M
2019
Net outflows of foreign direct investment
$6.03B
2024
$3.33M
2019
Servicing debt to the IMF, % of GNI
n/a
0.53%
2018
Poverty at national poverty lines
12.2%
2022
48.6%
2014
Gross capital formation, % of GDP
21.7%
2024
n/a

GDP per capita map

GDP per capita

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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.