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Development of Central Government Debt

Finland’s government debt has changed significantly over the past decades. On this page, you can explore how government debt has developed by year, compare the current debt level with previous years, and see when debt reached its highest point. You can also find the year with the largest annual increase and the most recent years when government debt decreased.

Debt 10 years ago

March 2016

€102.3B

Change to today: +€92.0B

Debt 20 years ago

March 2006

€54.6B

Change to today: +€139.7B

All-time high

March 2026

€194.3B

Highest recorded government debt

Largest annual increase

2020

€18.5B

Largest increase from previous year

Total debt

Monthly development of Finnish government debt since 2002.

Financial crisis
Euro crisis
COVID-19
Ukraine war
Rising interest rates

Annual change

Change in central government debt at year-end compared to the previous year-end.

Debt increased
Debt decreased

Top 5 growth years

Largest annual increase in absolute debt

RankYearChange (€B)Change (%)
12020+€18.5B+17.4%
22025+€18.3B+10.8%
32023+€14.5B+10.3%
42024+€13.2B+8.5%
52022+€12.9B+10.0%