Finland Household Debt: % of GDP
Key information about Finland Household Debt: % of GDP
- Finland household debt accounted for 74.9 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 77.5 % in the previous year.
- Finland household debt to GDP ratio is updated yearly, available from Dec 1995 to Dec 2023.
- The data reached an all-time high of 82.2 % in Dec 2020 and a record low of 30.4 % in Dec 1998.
CEIC calculates annual Household Debt as % of Nominal GDP from annual Household Debt and annual Nominal GDP. Statistics Finland provides Household Debt in EUR and Nominal GDP in EUR.
Related information about Finland Household Debt: % of GDP
- In the latest reports, Finland Household Debt reached 226.1 USD bn in Dec 2023.
- Money Supply M2 in Finland dropped 0.8 % YoY in Dec 2024.
- Finland Foreign Exchange Reserves was measured at 9.2 USD bn in Jan 2025.
- The Foreign Exchange Reserves equaled 1.4 Months of Import in Dec 2024.
- Finland Domestic Credit reached 384.4 USD bn in Nov 2024, representing an drop of 2.9 % YoY.
- The country's Non Performing Loans Ratio stood at 1.4 % in Jun 2024, compared with the ratio of 1.4 % in the previous quarter.
View Finland's Household Debt: % of GDP from 1995 to 2023 in the chart:
What was Finland's Household Debt: % of GDP in 2023?
Finland household debt accounted for 74.9 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 77.5 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range | 
|---|---|---|---|---|---|---|
| 74.9 2023 | 77.5 2022 | 30.4 1998 | 82.2 2020 | % | yearly | 1995 - 2023 | 
Household Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range | 
|---|---|---|---|
| Albania (%) | 12.0 Sep 2024 | quarterly | Dec 2008 - Sep 2024 | 
| Argentina (%) | 4.5 Sep 2024 | quarterly | Dec 2004 - Sep 2024 | 
| Armenia (%) | 30.8 Dec 2024 | quarterly | Dec 2000 - Dec 2024 | 
| Australia (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 | 
| Austria (%) | 44.5 Sep 2024 | quarterly | Mar 1999 - Sep 2024 | 
| Azerbaijan (%) | 13.1 Sep 2024 | quarterly | Mar 2005 - Sep 2024 | 
| Belarus (%) | 10.4 Sep 2024 | quarterly | Dec 2006 - Sep 2024 | 
| Belgium (%) | 59.0 Sep 2024 | quarterly | Dec 1992 - Sep 2024 | 
| Bolivia (%) | 11.3 Dec 2022 | quarterly | Sep 2010 - Dec 2022 | 
| Bosnia and Herzegovina (%) | 24.8 Sep 2024 | quarterly | Dec 2008 - Sep 2024 | 
| Botswana (%) | 20.9 Sep 2024 | quarterly | Dec 2002 - Sep 2024 | 
| Brunei (%) | 14.5 Sep 2024 | quarterly | Dec 2013 - Sep 2024 | 
| Bulgaria (%) | 27.8 2023 | yearly | 1995 - 2023 | 
| Cambodia (%) | 26.6 2022 | yearly | 2008 - 2022 | 
| Canada (%) | 99.0 Dec 2024 | quarterly | Mar 1969 - Dec 2024 | 
| Chile (%) | 39.2 Sep 2024 | quarterly | Mar 2009 - Sep 2024 | 
| China (%) | 63.3 Mar 2023 | quarterly | Mar 2007 - Mar 2023 | 
| Colombia (%) | 31.3 Jun 2024 | quarterly | Dec 2015 - Jun 2024 | 
| Croatia (%) | 32.6 Sep 2024 | quarterly | Mar 2012 - Sep 2024 | 
| Cyprus (%) | 79.6 2023 | yearly | 1995 - 2023 | 
| Czech Republic (%) | 34.1 Sep 2024 | quarterly | Mar 2004 - Sep 2024 | 
| Denmark (%) | 92.2 2023 | yearly | 1994 - 2023 | 
| Ecuador (%) | 17.4 Sep 2024 | quarterly | Dec 2006 - Sep 2024 | 
| Egypt (%) | 7.3 Sep 2024 | quarterly | Dec 2002 - Sep 2024 | 
| Estonia (%) | 39.0 Sep 2024 | quarterly | Dec 2003 - Sep 2024 | 
| European Union (%) | 44.1 Dec 2024 | quarterly | Sep 1997 - Dec 2024 | 
| Finland (%) | 74.9 2023 | yearly | 1995 - 2023 | 
| France (%) | 74.2 2023 | yearly | 1977 - 2023 | 
| Georgia (%) | 36.9 Mar 2023 | quarterly | Mar 2001 - Mar 2023 | 
| Germany (%) | 50.3 Sep 2024 | quarterly | Dec 1991 - Sep 2024 | 
| Greece (%) | 45.2 Sep 2024 | quarterly | Dec 1997 - Sep 2024 | 
| Hong Kong SAR, China (%) | 87.8 Dec 2024 | quarterly | Mar 1982 - Dec 2024 | 
| Hungary (%) | 20.4 Dec 2024 | quarterly | Dec 1995 - Dec 2024 | 
| Iceland (%) | 71.4 Dec 2024 | quarterly | Dec 1995 - Dec 2024 | 
| India (%) | 17.1 2024 | yearly | 1998 - 2024 | 
| Indonesia (%) | 10.0 Dec 2024 | quarterly | Dec 2010 - Dec 2024 | 
| Ireland (%) | 31.6 Sep 2024 | quarterly | Mar 2002 - Sep 2024 | 
| Israel (%) | 42.3 Dec 2024 | quarterly | Dec 1995 - Dec 2024 | 
| Italy (%) | 47.2 Sep 2024 | quarterly | Dec 1995 - Sep 2024 | 
| Japan (%) | 65.1 Dec 2024 | quarterly | Dec 1997 - Dec 2024 | 
| Jordan (%) | 80.6 Sep 2024 | quarterly | Mar 2002 - Sep 2024 | 
| Kazakhstan (%) | 15.3 Dec 2023 | quarterly | Dec 1997 - Dec 2023 | 
| South Korea (%) | 93.7 Sep 2024 | quarterly | Dec 2002 - Sep 2024 | 
| Kosovo (%) | 22.0 Sep 2024 | quarterly | Dec 2010 - Sep 2024 | 
| Kuwait (%) | 0.9 Sep 2024 | quarterly | Dec 2010 - Sep 2024 | 
| Kyrgyzstan (%) | 9.1 Dec 2024 | quarterly | Dec 2000 - Dec 2024 | 
| Latvia (%) | 22.0 Sep 2024 | quarterly | Mar 2004 - Sep 2024 | 
| Lithuania (%) | 28.5 Sep 2024 | quarterly | Dec 1995 - Sep 2024 | 
| Luxembourg (%) | 64.5 Sep 2024 | quarterly | Dec 1995 - Sep 2024 | 
| Macau SAR, China (%) | 80.6 Dec 2024 | quarterly | Dec 2001 - Dec 2024 | 
| North Macedonia (%) | 26.3 Dec 2024 | quarterly | Mar 2003 - Dec 2024 | 
| Malawi (%) | 0.3 2011 | yearly | 2006 - 2011 | 
| Malaysia (%) | 84.2 2023 | yearly | 2002 - 2023 | 
| Malta (%) | 40.6 Dec 2024 | quarterly | Dec 2003 - Dec 2024 | 
| Mauritius (%) | 20.6 Jun 2018 | quarterly | Mar 2009 - Jun 2018 | 
| Mexico (%) | 16.7 Dec 2024 | quarterly | Dec 2000 - Dec 2024 | 
| Mongolia (%) | 27.5 Dec 2024 | quarterly | Mar 2004 - Dec 2024 | 
| Montenegro (%) | 26.4 Dec 2024 | quarterly | Dec 2010 - Dec 2024 | 
| Morocco (%) | 23.5 2023 | yearly | 2001 - 2023 | 
| Netherlands (%) | 97.4 Sep 2024 | quarterly | Mar 1999 - Sep 2024 | 
| New Zealand (%) | 89.9 Sep 2024 | quarterly | Dec 1990 - Sep 2024 | 
| Norway (%) | 91.3 Dec 2024 | quarterly | Dec 1995 - Dec 2024 | 
| Panama (%) | 38.3 Sep 2024 | quarterly | Dec 2007 - Sep 2024 | 
| Peru (%) | 15.9 Dec 2024 | quarterly | Mar 2001 - Dec 2024 | 
| Philippines (%) | 11.7 Dec 2024 | quarterly | Mar 2009 - Dec 2024 | 
| Poland (%) | 23.5 Sep 2024 | quarterly | Dec 2003 - Sep 2024 | 
| Portugal (%) | 65.9 Sep 2024 | quarterly | Dec 1999 - Sep 2024 | 
| Romania (%) | 15.4 Sep 2024 | quarterly | Mar 2007 - Sep 2024 | 
| Russia (%) | 20.4 Mar 2024 | quarterly | Dec 2000 - Mar 2024 | 
| Saudi Arabia (%) | 12.3 Dec 2024 | quarterly | Dec 2003 - Dec 2024 | 
| Serbia (%) | 16.9 Dec 2024 | quarterly | Dec 2003 - Dec 2024 | 
| Singapore (%) | 51.9 Dec 2024 | quarterly | Mar 1995 - Dec 2024 | 
| Slovakia (%) | 44.7 Sep 2024 | quarterly | Mar 2004 - Sep 2024 | 
| Slovenia (%) | 27.6 Sep 2024 | quarterly | Mar 2004 - Sep 2024 | 
| South Africa (%) | 40.7 Sep 2024 | quarterly | Mar 1969 - Sep 2024 | 
| Spain (%) | 48.9 Jun 2024 | quarterly | Dec 1989 - Jun 2024 | 
| Sri Lanka (%) | 6.5 Sep 2024 | quarterly | Dec 2010 - Sep 2024 | 
| Sweden (%) | 86.2 Sep 2024 | quarterly | Mar 1996 - Sep 2024 | 
| Switzerland (%) | 128.2 2023 | yearly | 1999 - 2023 | 
| Syria (%) | 14.6 2011 | yearly | 2004 - 2011 | 
| Taiwan (%) | 95.6 2023 | yearly | 2000 - 2023 | 
| Thailand (%) | 88.8 Sep 2024 | quarterly | Mar 2003 - Sep 2024 | 
| Tunisia (%) | 0.0 2020 | yearly | 2007 - 2020 | 
| Turkey (%) | 10.0 Sep 2024 | quarterly | Dec 2014 - Sep 2024 | 
| Ukraine (%) | 3.6 Dec 2023 | quarterly | Dec 2002 - Dec 2023 | 
| United Arab Emirates (%) | 106.2 2021 | yearly | 2013 - 2021 | 
| United Kingdom (%) | 81.6 Sep 2024 | quarterly | Mar 1987 - Sep 2024 | 
| United States (%) | 61.7 Dec 2024 | quarterly | Mar 1999 - Dec 2024 | 
| Uruguay (%) | 11.1 Sep 2024 | quarterly | Dec 2005 - Sep 2024 | 
| Venezuela (%) | 3.4 2017 | yearly | 2004 - 2017 | 
Finland Key Series
| Government and Public Finance | Last | Frequency | Range | 
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.5 Dec 2024 | quarterly | Dec 1999 - Dec 2024 | 
| Consolidated Fiscal Balance (USD mn) | -3,490.020 Dec 2024 | quarterly | Mar 1999 - Dec 2024 | 
| Tax Revenue (USD mn) | 24,463.185 Dec 2024 | quarterly | Mar 1999 - Dec 2024 | 
| Tax Revenue: % of GDP (%) | 31.7 Dec 2024 | quarterly | Mar 1999 - Dec 2024 | 
| National Government Debt (USD mn) | 234,658.2 Dec 2024 | quarterly | Mar 2000 - Dec 2024 | 
| Government Debt: % of GDP (%) | 82.1 Dec 2024 | quarterly | Mar 2000 - Dec 2024 | 
| Forecast: Government Expenditure (EUR bn) | 185.332 2029 | yearly | 1980 - 2029 | 
| Forecast: Government Net Debt (EUR bn) | 288.450 2029 | yearly | 1980 - 2029 | 
| Forecast: Government Revenue (EUR bn) | 178.392 2029 | yearly | 1980 - 2029 | 
| GG: Expenditure (EUR mn) | 42,266.000 Dec 2024 | quarterly | Mar 1999 - Dec 2024 | 
| GG: Net Lending/Net Borrowing (EUR mn) | -3,274.000 Dec 2024 | quarterly | Mar 1999 - Dec 2024 | 
| General Government (GG): Revenue (EUR mn) | 38,992.000 Dec 2024 | quarterly | Mar 1999 - Dec 2024 | 
| Foreign Trade | Last | Frequency | Range | 
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.200 2029 | yearly | 1981 - 2029 | 
| Trade Balance (USD mn) | 138.1 Nov 2024 | monthly | Jan 1992 - Nov 2024 | 
| Total Exports (USD mn) | 6,581.5 Dec 2024 | monthly | Jan 1999 - Dec 2024 | 
| Total Exports Growth (%) | 1.5 Dec 2024 | monthly | Jan 2000 - Dec 2024 | 
| Aluminum: Exports (USD th) | 194,703.361 2023 | yearly | 1995 - 2023 | 
| Exports: Medicament (USD th) | 1,485,459.490 2023 | yearly | 1995 - 2023 | 
| Exports: Medicinal and Pharmaceutical Product (USD th) | 356,903.326 2023 | yearly | 1995 - 2023 | 
| Total Imports (USD mn) | 6,534.5 Dec 2024 | monthly | Jan 1999 - Dec 2024 | 
| Total Imports Growth (%) | -4.4 Dec 2024 | monthly | Jan 2000 - Dec 2024 | 
| Imports: Medicament (USD th) | 1,932,683.682 2023 | yearly | 1995 - 2023 | 
| Imports: Medicinal and Pharmaceutical Product (USD th) | 682,886.133 2023 | yearly | 1995 - 2023 | 
| Total Exports to USA (USD mn) | 669.077 Oct 2024 | monthly | Apr 1964 - Oct 2024 | 
| Total Imports from USA (USD mn) | 382.348 Oct 2024 | monthly | Jan 1996 - Oct 2024 | 
| Total Exports to China (USD mn) | 324.001 Dec 2024 | monthly | Feb 1981 - Dec 2024 | 
| Total Imports from China (USD mn) | 539.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Exports: SITC: Basic Manufactures (BM) (EUR) | 1,377,144,510.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Exports: SITC: Machinery, Transport Equipment (MT) (EUR) | 1,923,740,747.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Exports: SITC: BM: Paper, Paperboard and Articles Thereof (EUR) | 484,819,502.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Exports: SITC: MT: Telecommunication, Sound Recording Equipment (EUR) | 50,003,220.00 Feb 2018 | monthly | Jan 1996 - Feb 2018 | 
| Exports: SITC: Chemicals and Related Products (CP) (EUR) | 836,623,661.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Exports: North America: United States of America (EUR) | 614,114,242.000 Oct 2024 | monthly | Jan 1996 - Oct 2024 | 
| Exports: Europe: Sweden (EUR) | 834,562,820.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Exports: SITC (EUR) | 6,042,063,224.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Exports: Europe: Germany (EUR) | 524,750,834.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Exports: Europe: Netherlands (EUR) | 426,405,636.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Exports: Europe: Russia (EUR) | 31,781,236.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Exports: sa (EUR mn) | 6,284.839 Dec 2024 | monthly | Jan 1999 - Dec 2024 | 
| Imports: SITC: Chemicals and Related Products (CP) (EUR) | 693,668,769.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Imports: SITC: Food and Live Animals (FA) (EUR) | 429,957,748.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Imports: SITC: MF: Petroleum and Products (EUR) | 729,373,936.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Imports: SITC (EUR) | 6,101,020,888.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Imports: SITC: Machinery, Transport Equipment (MT) (EUR) | 2,232,438,588.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Imports: SITC: BM: Iron and Steel (EUR) | 109,521,204.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Imports: Europe: Netherlands (EUR) | 310,527,154.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Imports: Europe: Germany (EUR) | 735,838,816.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Imports: Europe: Sweden (EUR) | 654,480,916.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Imports: Rest of Asia: China (EUR) | 514,705,846.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Imports: Europe: Russia (EUR) | 71,264,872.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 | 
| Imports: sa (EUR mn) | 6,240.001 Dec 2024 | monthly | Jan 1999 - Dec 2024 | 
| BOF Forecast: Imports Volume Index: 2015=100 (2015=100) | 126.200 2024 | yearly | 2020 - 2024 | 
| Import Value Index (2015=100) | 142.272 2021 | yearly | 1995 - 2021 | 
| Export Value Index (2015=100) | 137.035 2021 | yearly | 1995 - 2021 | 
| Monetary | Last | Frequency | Range | 
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.4 Jun 2024 | quarterly | Dec 2014 - Jun 2024 | 
| Household Debt: % of GDP (%) | 74.9 2023 | yearly | 1995 - 2023 | 
| Non-Performing Loans (USD mn) | 7,578.033 Jun 2024 | quarterly | Dec 2014 - Jun 2024 | 
| Money Supply M1 (USD mn) | 140,277.532 Jan 2025 | monthly | Jan 1980 - Jan 2025 | 
| Money Supply M2 (USD mn) | 166,474.236 Jan 2025 | monthly | Jan 1980 - Jan 2025 | 
| M2 Growth (%) | 0.4 Jan 2025 | monthly | Jan 1981 - Jan 2025 | 
| Reserve Requirement Ratio (%) | 1.0 Feb 2025 | monthly | Jan 1999 - Feb 2025 | 
| Foreign Exchange Reserves (USD mn) | 9,200.9 Jan 2025 | monthly | Jan 2000 - Jan 2025 | 
| Foreign Exchange Reserves: % of GDP (%) | 3.068 Dec 2024 | quarterly | Mar 2000 - Dec 2024 | 
| Foreign Exchange Reserves: Months of Import (NA) | 1.4 Dec 2024 | monthly | Jan 2000 - Dec 2024 | 
| Gold Reserves (USD mn) | 3,947.840 Jan 2025 | monthly | Jan 1970 - Jan 2025 | 
| Total Deposits (USD mn) | 212,831.634 Jan 2025 | monthly | Jan 1999 - Jan 2025 | 
| Total Deposits Growth (%) | -1.7 Jan 2025 | monthly | Jan 2000 - Jan 2025 | 
| Domestic Credit (USD mn) | 377,211.1 Dec 2024 | monthly | Jan 1999 - Dec 2024 | 
| Domestic Credit Growth (%) | -1.5 Dec 2024 | monthly | Jan 2000 - Dec 2024 | 
| Debt Service Ratio: Households (%) | 8.400 Sep 2024 | quarterly | Mar 1999 - Sep 2024 | 
| Debt Service Ratio: Private Non-Financial Sector (%) | 19.300 Sep 2024 | quarterly | Mar 1999 - Sep 2024 | 
| Credit to Households (USD bn) | 196.482 Sep 2024 | quarterly | Dec 1970 - Sep 2024 | 
| Credit to Private Non-Financial Sector (USD bn) | 558.184 Sep 2024 | quarterly | Dec 1970 - Sep 2024 | 
| Household Debt (USD mn) | 226,056.4 2023 | yearly | 1995 - 2023 | 
| Total Loans (USD mn) | 292,676.839 Jan 2025 | monthly | Dec 1998 - Jan 2025 | 
| Total Loans Growth (%) | -0.25 Jan 2025 | monthly | Dec 1999 - Jan 2025 | 
| Private Debt: % of Nominal GDP (%) | 90.51 Dec 2024 | quarterly | Sep 1997 - Dec 2024 | 
| Monetary Aggregates: M3: M2 (EUR mn) | 160,071.380 Jan 2025 | monthly | Jan 1980 - Jan 2025 | 
| Monetary Aggregates: M3: M2: M1: Overnight Deposits (EUR mn) | 134,882.242 Jan 2025 | monthly | Jan 1980 - Jan 2025 | 
| Currency in Circulation (EUR mn) | 26,586.990 Jan 2025 | monthly | Jan 1980 - Jan 2025 | 
| Monetary Aggregates: M3 (EUR mn) | 202,385.000 Jan 2025 | monthly | Jan 1980 - Jan 2025 | 
| Official Reserve Assets (EUR mn) | 17,911.000 Jan 2025 | monthly | Jan 2000 - Jan 2025 | 
| Official Reserve Assets: Foreign Currency Reserve (EUR mn) | 8,690.000 Jan 2025 | monthly | Jan 2000 - Jan 2025 | 
| Official Reserve Assets: Gold: incl Gold Deposits and Gold Swapped (EUR mn) | 1,767.000 Dec 2018 | monthly | Jan 2000 - Dec 2018 | 
| MFIs Deposits: Euro Area (EUR mn) | 204,645.801 Jan 2025 | monthly | Jan 1999 - Jan 2025 | 
| MFIs Deposits: Euro Area: in EUR: NF: Households (EUR mn) | 115,201.354 Jan 2025 | monthly | Sep 1997 - Jan 2025 | 
| MFIs Loans: Euro Area (EUR mn) | 281,420.037 Jan 2025 | monthly | Dec 1998 - Jan 2025 | 
| MFIs Loans: Euro Area: in EUR: NF: Households incl NPISH (EUR mn) | 143,259.451 Jan 2025 | monthly | Sep 1997 - Jan 2025 | 
| Business and Economic Survey | Last | Frequency | Range | 
|---|---|---|---|
| Business Confidence Growth (% Point) | 4.7 Feb 2025 | monthly | Jan 1994 - Feb 2025 | 
More Indicators for Finland
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