Military spending, annual growth rate in Finland

Finland: Military spending, annual growth rate was 18.82 % change on previous year in 2023. ◆ Volatile

Latest (2023)
18.82 % change on previous year
Change on year
up 407.6%
World rank
11th
of 172 countries
All-time high
208.9 % change on previous year
in 1919
All-time low
-52.96 % change on previous year
in 1953
Years of data
106
1918–2023

Military spending, annual growth rate in Finland, 1918–2023

-1000100200191819702023

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

In 2023, military spending, annual growth rate in Finland stood at 18.82 % change on previous year.

The figure is up 407.6% on the previous year and up 248.3% over ten years.

Over the whole period, military spending, annual growth rate in Finland peaked at 208.9 % change on previous year in 1919 and was at its lowest, -52.96 % change on previous year, in 1953.

That places Finland 11th out of 172 countries with data for 2023, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending, annual growth rate in Finland, year by year

Annual values for Military spending, annual growth rate in Finland, 1918 to 2023.
Year % change on previous year Change
1918 -3.46 % change on previous year
1919 208.9 % change on previous year -6131.4%
1920 -9.99 % change on previous year -104.8%
1921 23.94 % change on previous year -339.7%
1922 11.32 % change on previous year -52.7%
1923 15.43 % change on previous year +36.3%
1924 11.43 % change on previous year -25.9%
1925 17.65 % change on previous year +54.4%
1926 2.1 % change on previous year -88.1%
1927 3.17 % change on previous year +51.0%
1928 3.03 % change on previous year -4.4%
1929 7.25 % change on previous year +139.1%
1930 0.3903 % change on previous year -94.6%
1931 -1.06 % change on previous year -372.2%
1932 -7.01 % change on previous year +559.8%
1933 -0.7849 % change on previous year -88.8%
1934 38.08 % change on previous year -4951.6%
1935 10.03 % change on previous year -73.7%
1936 7.3 % change on previous year -27.2%
1937 4.87 % change on previous year -33.4%
1938 15.87 % change on previous year +226.0%
1939 174.41 % change on previous year +999.3%
1940 31.54 % change on previous year -81.9%
1941 -1.56 % change on previous year -105.0%
1942 -1.09 % change on previous year -30.1%
1943 -7.94 % change on previous year +626.5%
1944 8.52 % change on previous year -207.3%
1945 5.87 % change on previous year -31.0%
1946 -16.25 % change on previous year -376.7%
1947 -15.29 % change on previous year -5.9%
1948 -11.81 % change on previous year -22.8%
1949 2.52 % change on previous year -121.3%
1950 -44.94 % change on previous year -1882.7%
1951 -10.74 % change on previous year -76.1%
1952 -10.94 % change on previous year +1.8%
1953 -52.96 % change on previous year +384.1%
1954 168.72 % change on previous year -418.6%
1955 9.21 % change on previous year -94.5%
1956 10.3 % change on previous year +11.9%
1957 -12.27 % change on previous year -219.1%
1958 -47.49 % change on previous year +287.1%
1959 103.9 % change on previous year -318.8%
1960 8.12 % change on previous year -92.2%
1961 18.8 % change on previous year +131.5%
1962 27.07 % change on previous year +44.0%
1963 -2.3 % change on previous year -108.5%
1964 0.3485 % change on previous year -115.2%
1965 5.87 % change on previous year +1584.8%
1966 2.55 % change on previous year -56.6%
1967 -1.75 % change on previous year -168.9%
1968 -0.7704 % change on previous year -56.1%
1969 -1.95 % change on previous year +152.6%
1970 3.47 % change on previous year -278.2%
1971 7.64 % change on previous year +120.5%
1972 12.02 % change on previous year +57.2%
1973 9.94 % change on previous year -17.3%
1974 -2.84 % change on previous year -128.6%
1975 9.08 % change on previous year -419.3%
1976 5.79 % change on previous year -36.2%
1977 0.9306 % change on previous year -83.9%
1978 -1.66 % change on previous year -278.9%
1979 13.64 % change on previous year -919.5%
1980 3.86 % change on previous year -71.7%
1981 7.28 % change on previous year +88.6%
1982 8.68 % change on previous year +19.3%
1983 1.91 % change on previous year -78.0%
1984 3.55 % change on previous year +86.4%
1985 7.85 % change on previous year +120.9%
1986 10.01 % change on previous year +27.5%
1987 7.46 % change on previous year -25.5%
1988 5.02 % change on previous year -32.7%
1989 5.79 % change on previous year +15.4%
1990 0.1884 % change on previous year -96.7%
1991 5.28 % change on previous year +2703.0%
1992 1.75 % change on previous year -66.9%
1993 -6.43 % change on previous year -467.5%
1994 4.16 % change on previous year -164.7%
1995 0.7453 % change on previous year -82.1%
1996 -2.35 % change on previous year -414.7%
1997 -3.13 % change on previous year +33.3%
1998 -3.28 % change on previous year +5.0%
1999 -12.32 % change on previous year +275.5%
2000 -2.88 % change on previous year -76.6%
2001 1.74 % change on previous year -160.5%
2002 8.6 % change on previous year +393.5%
2003 16.7 % change on previous year +94.2%
2004 6.39 % change on previous year -61.7%
2005 2.72 % change on previous year -57.4%
2006 2.62 % change on previous year -3.6%
2007 7.85 % change on previous year +199.1%
2008 9.63 % change on previous year +22.7%
2009 3.67 % change on previous year -61.8%
2010 -3.27 % change on previous year -189.2%
2011 0.7962 % change on previous year -124.3%
2012 -7.24 % change on previous year -1009.0%
2013 5.4 % change on previous year -174.6%
2014 -3.64 % change on previous year -167.5%
2015 -7.34 % change on previous year +101.3%
2016 0.3993 % change on previous year -105.4%
2017 10.13 % change on previous year +2437.4%
2018 4.94 % change on previous year -51.3%
2019 6.56 % change on previous year +32.8%
2020 9 % change on previous year +37.2%
2021 3.91 % change on previous year -56.6%
2022 3.71 % change on previous year -5.2%
2023 18.82 % change on previous year +407.6%

Finland compared with similar countries

  • Finland's 18.82 % change on previous year is above the median for high income countries, which is 5.57 % change on previous year, 3.4× the median. (55 countries reporting)
  • Finland's 18.82 % change on previous year is above the median for Europe & Central Asia, which is 7.48 % change on previous year, 2.5× the median. (48 countries reporting)

Biggest year-on-year movements

Years where Military spending, annual growth rate in Finland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1919 +6131.4% -3.46 % change on previous year 208.9 % change on previous year
1934 +4951.6% -0.7849 % change on previous year 38.08 % change on previous year
1991 +2703.0% 0.1884 % change on previous year 5.28 % change on previous year
2017 +2437.4% 0.3993 % change on previous year 10.13 % change on previous year
1950 -1882.7% 2.52 % change on previous year -44.94 % change on previous year
1965 +1584.8% 0.3485 % change on previous year 5.87 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1910s 102.72 % change on previous year -3.46 % change on previous year 208.9 % change on previous year 2
1920s 8.53 % change on previous year -9.99 % change on previous year 23.94 % change on previous year 10
1930s 24.21 % change on previous year -7.01 % change on previous year 174.41 % change on previous year 10
1940s -0.5491 % change on previous year -16.25 % change on previous year 31.54 % change on previous year 10
1950s 11.28 % change on previous year -52.96 % change on previous year 168.72 % change on previous year 10
1960s 5.6 % change on previous year -2.3 % change on previous year 27.07 % change on previous year 10
1970s 5.8 % change on previous year -2.84 % change on previous year 13.64 % change on previous year 10
1980s 6.14 % change on previous year 1.91 % change on previous year 10.01 % change on previous year 10
1990s -1.54 % change on previous year -12.32 % change on previous year 5.28 % change on previous year 10
2000s 5.7 % change on previous year -2.88 % change on previous year 16.7 % change on previous year 10
2010s 0.6732 % change on previous year -7.34 % change on previous year 10.13 % change on previous year 10
2020s 8.86 % change on previous year 3.71 % change on previous year 18.82 % change on previous year 4

Countries ranked near Finland

  1. 8 Burkina Faso 20.34 % change on previous year compare
  2. 9 Ukraine 19.54 % change on previous year compare
  3. 10 Burundi 19.36 % change on previous year compare
  4. 12 Estonia 17.5 % change on previous year compare
  5. 13 Armenia 17.29 % change on previous year compare
  6. 14 Denmark 16.87 % change on previous year compare

See the full ranking of 172 places →

More reference data data for Finland

All data for Finland →

Frequently asked questions

What is military spending, annual growth rate in Finland?
Military spending, annual growth rate in Finland was 18.82 % change on previous year in 2023, according to Statizoid (derived).
What is the highest military spending, annual growth rate recorded in Finland?
The highest recorded value was 208.9 % change on previous year in 1919.
What is the lowest military spending, annual growth rate recorded in Finland?
The lowest recorded value was -52.96 % change on previous year in 1953.
How does Finland rank for military spending, annual growth rate?
Finland ranks 11th out of 172 countries with data for 2023.
Is military spending, annual growth rate rising or falling in Finland?
Over the last ten years it is up 248.3%. The long-run trend across the full record is volatile.
Where does this Finland data come from?
The figures come from Statizoid (derived), published as part of Military spending, annual growth rate. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 106 observations, free to reuse under Derived by Statizoid from the sources named on the page.

Share, cite or embed this page

Cite this page

Military spending, annual growth rate in Finland. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-annual-growth-rate-2/finland/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under Derived by Statizoid from the sources named on the page; please keep the attribution.

<a href="https://reference.statizoid.com/stat/military-spending-annual-growth-rate-2/finland/">Military spending, annual growth rate in Finland</a> — Statizoid

How this figure is calculated

The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
172 places, 15,188 data points, 1817–2023
Last refreshed

The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.