Finland's interest payments (current LCU) was 3.42 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 32.98% from 2.57 billion in 2014 (2.89% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.42 billion | 2024 |
| Five years earlier | 1.88 billion | 2019 |
| Ten years earlier | 2.57 billion | 2014 |
| Highest | 4.4 billion | 1997 |
| Lowest | 43.73 million | 1974 |
| Average since 2015 | 2.08 billion | 2015–2024 |
| First recorded | 46.92 million |
What the numbers say
In 2024, Finland's interest payments (current LCU) rose 39.4% on 2023 (from 2.46 billion to 3.42 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.7% and a typical year strayed about 19.1% from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 115.1% in 1993 and the biggest yearly fall was 22.1% in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Finland had the 61st highest value of the 86 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Finland in the 2024 ranking
- New Zealand — 58th of 86: 6.9 billion
- Portugal — 59th of 86: 6.04 billion
- Moldova — 60th of 86: 4.32 billion
- Ireland — 62nd of 86: 3.34 billion
- Belarus — 63rd of 86: 3.31 billion
- Papua New Guinea — 64th of 86: 2.95 billion
What this measures
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 53 values
| Year | Interest payments (current LCU) |
|---|---|
| 2024 | 3,423,000,000 |
| 2023 | 2,456,000,000 |
| 2022 | 1,313,000,000 |
| 2021 | 1,143,000,000 |
| 2020 | 1,468,000,000 |
| 2019 | 1,882,000,000 |
| 2018 | 2,095,000,000 |
| 2017 | 2,189,000,000 |
| 2016 | 2,347,000,000 |
| 2015 | 2,449,000,000 |
| 2014 |
Interest payments (current LCU) in nearby economies
- Albania — 54.46 billion (2024)
- Armenia — 313.58 billion (2024)
- Austria — 6.94 billion (2024)
- Azerbaijan — 445.48 million (2024)
- Belarus — 3.31 billion (2024)
- Belgium — 10.62 billion (2024)
- Bosnia and Herzegovina — 488.61 million (2024)
- Bulgaria — 519.73 million (2024)
- Croatia — 1.26 billion (2023)
- Cyprus — 399.4 million (2024)
- Czechia — 104.72 billion (2024)
More public sector data for Finland
- Arms imports (SIPRI trend indicator values) — 51 million (2025)
- Military expenditure (current USD) — 8.08 billion (2025)
- Military expenditure (current LCU) — 7.16 billion (2025)
- Military expenditure (% of GDP) — 2.57% (2025)
- Net investment in nonfinancial assets (current LCU) — 4.8 billion (2024)
- Net investment in nonfinancial assets (% of GDP) — 1.74% (2024)
- Net lending (+) / net borrowing (-) (current LCU) — -9.59 billion (2024)
- Net lending (+) / net borrowing (-) (% of GDP) — -3.48% (2024)
- Grants and other revenue (current LCU) — 15.1 billion (2024)
- Grants and other revenue (% of revenue)
Reading data like this
Questions people ask
- What is Finland's interest payments (current LCU)?
- 3.42 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is up 7,195% from 46.92 million in 1972 (8.6% a year on average, compounded). The highest value was 4.4 billion in 1997 and the lowest 43.73 million in 1974.
- How does Finland rank?
- 61st highest of 86 economies with data for 2024.
- Is the latest change in interest payments (current LCU) unusual for Finland?
- In 2024, Finland's interest payments (current LCU) rose 39.4% on 2023 (from 2.46 billion to 3.42 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.7% and a typical year strayed about 19.1% from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator GC.XPN.INTP.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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