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Economy of Finland vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Finland has a GDP of $299B compared to $41.5B for Zimbabwe, ranking 47/197 and 102/197 by economy size, respectively.

Finland has $245B in government debt (82.1% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Finland vs Zimbabwe GDP by year

Finland
Zimbabwe
1x
Year GDP, current $
Finland Zimbabwe
2024 $298,696,961,298 $41,539,411,516
2023 $295,021,982,463 $35,871,779,681
2022 $280,253,099,309 $40,757,561,709
2021 $294,223,210,496 $41,287,673,690
2020 $270,000,311,606 $31,980,334,561
2019 $267,014,821,129 $33,357,695,635
2018 $273,869,255,596 $34,141,666,667
2017 $253,846,138,440 $51,035,657,371
2016 $238,777,818,793 $20,559,250,000
2015 $233,210,733,506 $19,973,250,000
2014 $273,478,528,955 $19,505,500,000
2013 $270,268,036,626 $19,100,750,000
2012 $257,443,384,493 $17,123,500,000
2011 $275,126,915,516 $14,109,000,000
2010 $249,429,613,683 $12,047,750,000
2009 $253,480,783,439 $9,670,750,000
2008 $285,698,662,071 $4,418,000,000
2007 $256,360,251,538 $5,294,750,000
2006 $217,044,068,234 $5,446,750,000
2005 $204,859,368,791 $5,758,250,000
2004 $197,458,297,640 $5,808,500,000
2003 $171,612,867,736 $5,730,500,000
2002 $140,360,963,812 $6,345,250,000
2001 $129,519,672,869 $6,780,750,000
2000 $125,967,821,111 $6,693,250,000
1999 $135,234,241,918 $6,861,500,000
1998 $133,990,876,725 $6,405,250,000
1997 $126,862,902,302 $8,534,000,000
1996 $131,991,975,149 $8,557,500,000
1995 $134,060,457,516 $7,115,000,000
1994 $103,182,697,780 $6,894,250,000
1993 $89,112,105,756 $6,567,250,000
1992 $112,537,828,511 $6,755,000,000
1991 $127,794,441,994 $8,646,000,000
1990 $141,446,120,355 $8,788,301,546
1989 $118,991,270,611 $8,290,553,535
1988 $109,039,090,263 $7,818,774,177
1987 $91,564,993,913 $6,744,657,033
1986 $73,511,611,541 $6,220,698,247
1985 $55,856,676,899 $5,640,137,575
1984 $52,870,993,273 $6,355,369,172
1983 $50,956,447,481 $7,768,031,182
1982 $52,784,013,815 $8,544,060,905
1981 $52,440,066,134 $8,015,464,252
1980 $53,649,984,061 $6,682,278,300
1979 $44,469,218,440 $5,180,102,910
1978 $36,259,392,058 $4,353,822,343
1977 $33,502,784,418 $4,366,610,469
1976 $31,852,352,670 $4,320,576,877
1975 $29,475,251,333 $4,373,532,601
1974 $24,851,036,710 $3,984,194,614
1973 $19,474,098,335 $3,311,043,292
1972 $14,744,499,570 $2,679,096,597
1971 $12,528,522,307 $2,179,828,710
1970 $11,358,529,162 $1,885,168,339
1969 $10,177,524,839 $1,748,891,294
1968 $8,916,565,041 $1,480,355,355
1967 $9,468,272,357 $1,397,715,282
1966 $9,306,142,172 $1,282,403,936
1965 $8,680,393,839 $1,312,105,394
1964 $7,848,987,793 $1,217,759,447
1963 $6,958,916,548 $1,160,103,724
1962 $6,407,796,043 $1,118,172,226
1961 $5,984,433,774 $1,097,206,526
1960 $5,279,481,824 $1,053,528,036

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

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

GDP per capita in Finland vs Zimbabwe by year

Finland
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Finland Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $53,150 $65,378 $2,497 $5,928
2023 $52,834 $63,415 $2,195 $5,791
2022 $50,441 $62,133 $2,536 $5,396
2021 $53,099 $56,790 $2,614 $4,827
2020 $48,829 $53,297 $2,060 $4,179
2019 $48,358 $52,276 $2,184 $4,166
2018 $49,654 $49,249 $2,271 $3,993
2017 $46,085 $47,235 $3,445 $10,756
2016 $43,451 $44,562 $1,408 $4,275
2015 $42,560 $42,258 $1,387 $4,046
2014 $50,074 $41,547 $1,373 $3,903
2013 $49,691 $41,326 $1,363 $3,784
2012 $47,552 $40,739 $1,239 $3,472
2011 $51,060 $40,846 $1,038 $3,047
2010 $46,506 $38,946 $902 $2,661
2009 $47,478 $37,988 $736 $2,233
2008 $53,769 $40,081 $341 $1,987
2007 $48,473 $37,843 $414 $2,396
2006 $41,214 $34,440 $431 $2,454
2005 $39,050 $32,048 $461 $2,496
2004 $37,768 $31,195 $470 $2,591
2003 $32,920 $29,043 $468 $2,708
2002 $26,989 $28,596 $525 $3,238
2001 $24,965 $27,798 $566 $3,533
2000 $24,336 $26,783 $563 $3,429
1999 $26,180 $24,762 $582 $3,491
1998 $26,000 $23,570 $552 $3,527
1997 $24,682 $21,787 $751 $3,457
1996 $25,757 $20,067 $767 $3,372
1995 $26,246 $19,568 $648 $3,051
1994 $20,278 $18,458 $634 $3,012
1993 $17,589 $17,458 $605 $2,703
1992 $22,320 $17,271 $631 $2,651
1991 $25,489 $17,563 $831 $2,930
1990 $28,366 $18,149 $867 $2,757
1989 $23,969 - $840 -
1988 $22,044 - $816 -
1987 $18,565 - $726 -
1986 $14,947 - $693 -
1985 $11,394 - $649 -
1984 $10,830 - $757 -
1983 $10,494 - $959 -
1982 $10,935 - $1,096 -
1981 $10,925 - $1,069 -
1980 $11,225 - $949 -
1979 $9,333 - $779 -
1978 $7,629 - $665 -
1977 $7,070 - $677 -
1976 $6,740 - $687 -
1975 $6,256 - $717 -
1974 $5,298 - $674 -
1973 $4,174 - $579 -
1972 $3,178 - $483 -
1971 $2,716 - $406 -
1970 $2,466 - $361 -
1969 $2,201 - $346 -
1968 $1,927 - $302 -
1967 $2,056 - $294.4 -
1966 $2,032 - $278.7 -
1965 $1,902 - $294.3 -
1964 $1,726 - $281.9 -
1963 $1,538 - $277.1 -
1962 $1,427 - $275.7 -
1961 $1,341 - $279.2 -
1960 $1,192 - $276.6 -

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

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

Finland's GDP per capita is $53,150, ranking 23/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), Finland ranks 27th at $65,378, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Finland Zimbabwe
Gross domestic product
$299B
2024
$41.5B
2024
GDP rank
47/197
2024
102/197
2024
GDP growth
0.42%
2023-2024
1.74%
2023-2024
GDP per capita
$53,150
2024
$2,497
2024
GDP per capita rank
23/197
2024
148/197
2024
GDP per capita, PPP
$65,378
2024
$5,928
2024
GDP per capita PPP rank
27/197
2024
154/197
2024
Government debt
$245B
2024
$30.3B
2024
Debt-to-GDP ratio
82.1%
2024
73%
2024
Government debt per person
$43,662
2024
$1,824
2024
Government debt per person rank
12/185
2024
121/185
2024
Average annual personal income after taxes
$36,394
2026
$2,897
2026
Market capitalization of domestic companies
$20.3B
2004
$2.46B
1999
Number of billionaires
7
2025
1
2025
Income share by richest 10%
22.5%
2023
40.5%
2019
Income share by poorest 10%
3.7%
2023
1.9%
2019
Government expenditure, % of GDP
57.7%
2024
12.9%
2024
Consumer prices inflation
1.57%
2023-2024
736%
2023-2024
Central bank interest rate n/a
35%
2024
Unemployment rate
8.34%
2024
12.1%
2024
Population
5631965
17361868

Spending and national debt comparison by year

Finland
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Finland Zimbabwe
Government spending Government debt Government spending Government debt
2024 57.7% 82.1% 12.9% 73%
2023 55.9% 77.5% 15.5% 76.1%
2022 52.6% 74% 14.4% 66.8%
2021 55.2% 73.2% 12.8% 39.9%
2020 56.5% 75.3% 9.27% 56.8%
2019 52.6% 65.3% 9.36% 53.9%
2018 52.7% 65.3% 13.9% 33%
2017 52.8% 66.6% 19.8% 49%
2016 55.1% 68.6% 16.6% 35.1%
2015 55.7% 68.8% 14.7% 34.1%
2014 57.6% 64.8% 14.1% 29.2%
2013 57.1% 60.8% 14.7% 26.4%
2012 55.7% 57.9% 14.6% 27.2%
2011 53.8% 52% 16.2% 30%
2010 54% 50.1% 12.8% 33.2%
2009 54.1% 41.5% 7.93% 39.7%
2008 47.9% 32.6% 2.54% 41.3%
2007 46.7% 33.9% 3.43% 30.2%
2006 48.3% 38% 5.72% 26.7%
2005 49.2% 39.9% 10.5% 22.4%
2004 48.2% 42.6% - -
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/zimbabwe | CC BY

In 2024, Finland's government spending was $172B, accounting for 57.7% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 82.1% in Finland and 73% in Zimbabwe, ranking 42/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Finland

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Finland Zimbabwe
2024 -4.41% -1.06%
2023 -2.98% -3.9%
2022 -0.18% -3.3%
2021 -2.69% -2.24%
2020 -5.53% -0.34%
2019 -0.93% -1.72%
2018 -0.87% -3.81%
2017 -0.63% -7.37%
2016 -1.7% -4.63%
2015 -2.43% -1.45%
2014 -2.99% -0.71%
2013 -2.52% -0.69%
2012 -2.15% -0.13%
2011 -1.01% -1.72%
2010 -2.57% -0.11%
2009 -2.48% -1.39%
2008 4.18% -1.2%
2007 5.12% -1.67%
2006 3.93% -1.4%
2005 2.59% -3.46%
2004 2.16% -
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/zimbabwe | 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 Zimbabwe's deficit of $438M, or 1.06% of GDP.

Over the past 20 years, Finland recorded a fiscal deficit in 16 of those years, while Zimbabwe ran a deficit in 20 years. On average, Finland posted an annual deficit equal to 1.01% of GDP, compared to deficit of 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Finland

Zimbabwe
1x
Year Consumer prices inflation
Finland Zimbabwe
2024 1.57% 736%
2023 6.25% 667%
2022 7.12% 193.4%
2021 2.19% 98.5%
2020 0.29% 557%
2019 1.02% 255.3%
2018 1.08% 10.6%
2017 0.75% 0.9%
2016 0.36% -1.6%
2015 -0.21% -2.4%
2014 1.04% -0.2%
2013 1.48% 1.6%
2012 2.81% 3.7%
2011 3.42% 3.5%
2010 1.18% 3%
2009 -0% 6.2%
2008 4.07% 157%
2007 2.51% -72.7%
2006 1.57% 33%
2005 0.62% -31.5%
2004 0.19% 113.6%
2003 0.88% -8.6%
2002 1.57% -34.4%
2001 2.58% -37.2%
2000 3.04% 4.5%
1999 1.16% -13.4%
1998 1.4% -28%
1997 1.19% -1%

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

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

Over the past 28 years, Finland has recorded an average annual inflation rate of 1.83%, compared with 93.4% in Zimbabwe. In 2024, inflation was 1.57% in Finland and 736% in Zimbabwe.

Top exports between countries

Finland
Export category Export value
Machinery & equipment $7.19M
Chemicals & pharma $151K
Wood & paper products $52K
Metals $51K
Textiles & consumer goods $34K
Raw materials & minerals $12K
Zimbabwe
Export category Export value
Raw materials & minerals $2K

Balance of trade

Finland Zimbabwe
Current account balance
-$1.99B
2024
$501M
2024
Current account balance ranking
143/190
2024
62/190
2024
Current account balance, % of GDP
-0.67%
2024
+1.21%
2024
Goods imports
$76.6B
2024
$9.06B
2024
Goods exports
$83.1B
2024
$7.79B
2024
Service imports
$47.4B
2024
$1.66B
2024
Service exports
$42B
2024
$457M
2024
Imports of goods and services, % of GDP
41.6%
2024
23.4%
2024
Exports of goods and services, % of GDP
41.9%
2024
18%
2024

Economic freedom indices

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

Finland Zimbabwe
Economic freedom 76.6 35.2
Economic freedom ranking 15/197 190/197
Property rights 99.9 19.4
Government integrity 95.4 20.7
Judicial effectiveness 96.4 16.8
Tax burden 68.4 73.6
Government spending 7.9 93.9
Fiscal health 76.3 52.4
Business freedom 85.3 42
Labor freedom 65.4 33.3
Monetary freedom 80.3 0
Trade freedom 79.4 50.4
Investment freedom 85 10
Financial freedom 80 10

Economic freedom comparison by year

Finland
Zimbabwe
1x
Year Economic freedom index
Finland Zimbabwe
2026 76.6 35.2
2025 77 35.1
2024 76.3 38.2
2023 77.1 39
2022 78.3 33.1
2021 76.1 39.5
2020 75.7 43.1
2019 74.9 40.4
2018 74.1 44
2017 74 44
2016 72.6 38.2
2015 73.4 37.6
2014 73.4 35.5
2013 74 28.6
2012 72.3 26.3
2011 74 22.1
2010 73.8 21.4
2009 74.5 22.7
2008 74.6 29.5
2007 74 32
2006 72.9 33.5
2005 71 35.2
2004 73.4 34.4
2003 73.7 36.7
2002 73.6 36.7
2001 69.7 38.8
2000 64.3 48.7
1999 63.9 47.2
1998 63.5 44.6
1997 65.2 48
1996 63.7 46.7
1995 - 48.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Finland is 76.6, ranking 15/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Finland Zimbabwe
Services, % of GDP
62.2%
2024
50.6%
2024
Industry, % of GDP
22.8%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
2.47%
2024
8.69%
2024
GNI, Atlas method
$290B
2024
$39.9B
2024
GNI per capita, PPP
$65,640
2024
$5,870
2024
Total reserves including gold
$18B
2024
$485M
2024
Total reserves ranking
65/177
2024
157/177
2024
Net foreign direct investment
$3.28B
2024
-$465M
2024
Net inflows of foreign direct investment
$8.74B
2024
$465M
2024
Net outflows of foreign direct investment
$12B
2024
$131M
2024
Servicing debt to the IMF, % of GNI n/a
3.44%
2024
Poverty at national poverty lines
12.2%
2022
38.3%
2019
Gross capital formation, % of GDP
22.3%
2024
8.85%
2024

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/zimbabwe | 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 (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (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.