GERD as a percentage of GDP in Finland

Finland: GERD as a percentage of GDP was 3.1% in 2023. ▬ Flat

Latest (2023)
3.1%
Change on year
up 3.7%
World rank
10th
of 116 countries
All-time high
3.7%
in 2009
All-time low
2.5%
in 1996
Years of data
28
1996–2023

GERD as a percentage of GDP in Finland, 1996–2023

012341996200920231996: 2.51997: 2.61998: 2.81999: 3.12000: 3.22001: 3.22002: 3.32003: 3.32004: 3.32005: 3.32006: 3.32007: 3.32008: 3.52009: 3.72010: 3.72011: 3.62012: 3.42013: 3.32014: 3.22015: 2.92016: 2.72017: 2.72018: 2.82019: 2.82020: 2.92021: 32022: 32023: 3.1

Source: UNESCO Institute for Statistics.

Analysis

The most recent figure for gerd as a percentage of gdp in Finland is 3.1%, measured in 2023.

That represents a change of up 3.7% on the previous year and down 5.8% over ten years.

Over the whole period, gerd as a percentage of gdp in Finland peaked at 3.7% in 2009 and was at its lowest, 2.5%, in 1996.

That places Finland 10th out of 116 countries with data for 2023, putting it in the top 10%.

GERD as a percentage of GDP in Finland, year by year

Annual values for GERD as a percentage of GDP in Finland, 1996 to 2023.
Year Value Change
1996 2.5% —
1997 2.6% +6.8%
1998 2.8% +6.2%
1999 3.1% +9.7%
2000 3.2% +6.1%
2001 3.2% -1.5%
2002 3.3% +1.9%
2003 3.3% +1.4%
2004 3.3% +0.3%
2005 3.3% +0.4%
2006 3.3% +0.3%
2007 3.3% +0.1%
2008 3.5% +6.0%
2009 3.7% +5.6%
2010 3.7% -0.8%
2011 3.6% -2.2%
2012 3.4% -5.9%
2013 3.3% -3.7%
2014 3.2% -3.7%
2015 2.9% -8.7%
2016 2.7% -4.9%
2017 2.7% +0.0%
2018 2.8% +1.0%
2019 2.8% +1.4%
2020 2.9% +4.2%
2021 3.0% +2.7%
2022 3.0% -1.0%
2023 3.1% +3.7%

Finland compared with similar countries

  • Finland's 3.1% is above the median for high income countries, which is 1.5%, 2.1× the median. (54 countries reporting)
  • Finland's 3.1% is above the median for Europe & Central Asia, which is 1.4%, 2.2× the median. (47 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 2.7% 2.5% 3.1% 4
2000s 3.4% 3.2% 3.7% 10
2010s 3.1% 2.7% 3.7% 10
2020s 3.0% 2.9% 3.1% 4

Countries ranked near Finland

  1. 7 Austria 3.3% compare
  2. 8 Switzerland 3.2% compare
  3. 9 Germany 3.2% compare
  4. 11 Denmark 3.0% compare
  5. 12 United Kingdom 2.7% compare
  6. 13 Iceland 2.6% compare

See the full ranking of 166 places →

More science & technology data for Finland

All data for Finland →

Frequently asked questions

What is gerd as a percentage of gdp in Finland?
Gerd as a percentage of gdp in Finland was 3.1% in 2023, according to UNESCO Institute for Statistics.
What is the highest gerd as a percentage of gdp recorded in Finland?
The highest recorded value was 3.7% in 2009.
What is the lowest gerd as a percentage of gdp recorded in Finland?
The lowest recorded value was 2.5% in 1996.
How does Finland rank for gerd as a percentage of gdp?
Finland ranks 10th out of 116 countries with data for 2023.
Is gerd as a percentage of gdp rising or falling in Finland?
Over the last ten years it is down 5.8%. The long-run trend across the full record is flat.
Where does this Finland data come from?
The figures come from UNESCO Institute for Statistics, published as part of GERD as a percentage of GDP. Statizoid updates them automatically from the source API.

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GERD as a percentage of GDP in Finland. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 08 November 2026, from https://science-tech.statizoid.com/stat/gerd-as-a-percentage-of-gdp/finland/

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About this data

Indicator
GERD as a percentage of GDP
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
166 places, 3,775 data points, 1996–2024
Last refreshed

February 2026 Data Release