Military spending gmsd in Finland
Finland: Military spending gmsd was 6.73 billion in 2023. ◆ Volatile
Latest (2023)
6.73 billion
Change on year
up 18.8%
World rank
41st
of 172 countries
All-time high
6.73 billion
in 2023
All-time low
32.99 million
in 1918
Years of data
107
1917–2023
Military spending gmsd in Finland, 1917–2023
Source: Our World in Data.
Analysis
Finland recorded 6.73 billion for military spending gmsd in 2023. That is the highest value across all 107 years on record.
That represents a change of up 18.8% on the previous year and up 54.1% over ten years.
Over the whole period, military spending gmsd in Finland peaked at 6.73 billion in 2023 and was at its lowest, 32.99 million, in 1918.
Finland ranks 41st of 172 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending gmsd in Finland, year by year
| Year | Value | Change |
|---|---|---|
| 1917 | 34.17 million | — |
| 1918 | 32.99 million | -3.5% |
| 1919 | 101.90 million | +208.9% |
| 1920 | 91.72 million | -10.0% |
| 1921 | 113.68 million | +23.9% |
| 1922 | 126.55 million | +11.3% |
| 1923 | 146.07 million | +15.4% |
| 1924 | 162.77 million | +11.4% |
| 1925 | 191.50 million | +17.6% |
| 1926 | 195.52 million | +2.1% |
| 1927 | 201.72 million | +3.2% |
| 1928 | 207.84 million | +3.0% |
| 1929 | 222.91 million | +7.3% |
| 1930 | 223.78 million | +0.4% |
| 1931 | 221.40 million | -1.1% |
| 1932 | 205.88 million | -7.0% |
| 1933 | 204.27 million | -0.8% |
| 1934 | 282.06 million | +38.1% |
| 1935 | 310.33 million | +10.0% |
| 1936 | 333.00 million | +7.3% |
| 1937 | 349.20 million | +4.9% |
| 1938 | 404.61 million | +15.9% |
| 1939 | 1.11 billion | +174.4% |
| 1940 | 1.46 billion | +31.5% |
| 1941 | 1.44 billion | -1.6% |
| 1942 | 1.42 billion | -1.1% |
| 1943 | 1.31 billion | -7.9% |
| 1944 | 1.42 billion | +8.5% |
| 1945 | 1.50 billion | +5.9% |
| 1946 | 1.26 billion | -16.3% |
| 1947 | 1.07 billion | -15.3% |
| 1948 | 940.98 million | -11.8% |
| 1949 | 964.70 million | +2.5% |
| 1950 | 531.12 million | -44.9% |
| 1951 | 474.06 million | -10.7% |
| 1952 | 422.20 million | -10.9% |
| 1953 | 198.60 million | -53.0% |
| 1954 | 533.67 million | +168.7% |
| 1955 | 582.83 million | +9.2% |
| 1956 | 642.87 million | +10.3% |
| 1957 | 564.00 million | -12.3% |
| 1958 | 296.13 million | -47.5% |
| 1959 | 603.82 million | +103.9% |
| 1960 | 652.86 million | +8.1% |
| 1961 | 775.59 million | +18.8% |
| 1962 | 985.55 million | +27.1% |
| 1963 | 962.88 million | -2.3% |
| 1964 | 966.24 million | +0.3% |
| 1965 | 1.02 billion | +5.9% |
| 1966 | 1.05 billion | +2.5% |
| 1967 | 1.03 billion | -1.8% |
| 1968 | 1.02 billion | -0.8% |
| 1969 | 1.00 billion | -1.9% |
| 1970 | 1.04 billion | +3.5% |
| 1971 | 1.12 billion | +7.6% |
| 1972 | 1.25 billion | +12.0% |
| 1973 | 1.38 billion | +9.9% |
| 1974 | 1.34 billion | -2.8% |
| 1975 | 1.46 billion | +9.1% |
| 1976 | 1.54 billion | +5.8% |
| 1977 | 1.56 billion | +0.9% |
| 1978 | 1.53 billion | -1.7% |
| 1979 | 1.74 billion | +13.6% |
| 1980 | 1.81 billion | +3.9% |
| 1981 | 1.94 billion | +7.3% |
| 1982 | 2.11 billion | +8.7% |
| 1983 | 2.15 billion | +1.9% |
| 1984 | 2.22 billion | +3.6% |
| 1985 | 2.40 billion | +7.8% |
| 1986 | 2.64 billion | +10.0% |
| 1987 | 2.83 billion | +7.5% |
| 1988 | 2.98 billion | +5.0% |
| 1989 | 3.15 billion | +5.8% |
| 1990 | 3.15 billion | +0.2% |
| 1991 | 3.32 billion | +5.3% |
| 1992 | 3.38 billion | +1.8% |
| 1993 | 3.16 billion | -6.4% |
| 1994 | 3.29 billion | +4.2% |
| 1995 | 3.32 billion | +0.7% |
| 1996 | 3.24 billion | -2.3% |
| 1997 | 3.14 billion | -3.1% |
| 1998 | 3.04 billion | -3.3% |
| 1999 | 2.66 billion | -12.3% |
| 2000 | 2.58 billion | -2.9% |
| 2001 | 2.63 billion | +1.7% |
| 2002 | 2.86 billion | +8.6% |
| 2003 | 3.33 billion | +16.7% |
| 2004 | 3.55 billion | +6.4% |
| 2005 | 3.64 billion | +2.7% |
| 2006 | 3.74 billion | +2.6% |
| 2007 | 4.03 billion | +7.8% |
| 2008 | 4.42 billion | +9.6% |
| 2009 | 4.58 billion | +3.7% |
| 2010 | 4.43 billion | -3.3% |
| 2011 | 4.47 billion | +0.8% |
| 2012 | 4.14 billion | -7.2% |
| 2013 | 4.37 billion | +5.4% |
| 2014 | 4.21 billion | -3.6% |
| 2015 | 3.90 billion | -7.3% |
| 2016 | 3.91 billion | +0.4% |
| 2017 | 4.31 billion | +10.1% |
| 2018 | 4.52 billion | +4.9% |
| 2019 | 4.82 billion | +6.6% |
| 2020 | 5.25 billion | +9.0% |
| 2021 | 5.46 billion | +3.9% |
| 2022 | 5.66 billion | +3.7% |
| 2023 | 6.73 billion | +18.8% |
Finland compared with similar countries
- Finland's 6.73 billion is above the median for high income countries, which is 6.50 billion, 1.0× the median. (55 countries reporting)
- Finland's 6.73 billion is above the median for Europe & Central Asia, which is 2.44 billion, 2.8× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Military spending gmsd 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.
| Year | Change | From | To |
|---|---|---|---|
| 1919 | +208.9% | 32.99 million | 101.90 million |
| 1939 | +174.4% | 404.61 million | 1.11 billion |
| 1954 | +168.7% | 198.60 million | 533.67 million |
| 1959 | +103.9% | 296.13 million | 603.82 million |
| 1953 | -53.0% | 422.20 million | 198.60 million |
| 1958 | -47.5% | 564.00 million | 296.13 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1910s | 56.35 million | 32.99 million | 101.90 million | 3 |
| 1920s | 166.03 million | 91.72 million | 222.91 million | 10 |
| 1930s | 364.48 million | 204.27 million | 1.11 billion | 10 |
| 1940s | 1.28 billion | 940.98 million | 1.50 billion | 10 |
| 1950s | 484.93 million | 198.60 million | 642.87 million | 10 |
| 1960s | 947.13 million | 652.86 million | 1.05 billion | 10 |
| 1970s | 1.39 billion | 1.04 billion | 1.74 billion | 10 |
| 1980s | 2.42 billion | 1.81 billion | 3.15 billion | 10 |
| 1990s | 3.17 billion | 2.66 billion | 3.38 billion | 10 |
| 2000s | 3.54 billion | 2.58 billion | 4.58 billion | 10 |
| 2010s | 4.31 billion | 3.90 billion | 4.82 billion | 10 |
| 2020s | 5.78 billion | 5.25 billion | 6.73 billion | 4 |
Countries ranked near Finland
More reference data data for Finland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.2998 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.1241 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 1.5 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.1748 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 1.5 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.01 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.6733 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.6503 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 6.94 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.9518 (2050)
Frequently asked questions
- What is military spending gmsd in Finland?
- Military spending gmsd in Finland was 6.73 billion in 2023, according to Our World in Data.
- What is the highest military spending gmsd recorded in Finland?
- The highest recorded value was 6.73 billion in 2023.
- What is the lowest military spending gmsd recorded in Finland?
- The lowest recorded value was 32.99 million in 1918.
- How does Finland rank for military spending gmsd?
- Finland ranks 41st out of 172 countries with data for 2023.
- Is military spending gmsd rising or falling in Finland?
- Over the last ten years it is up 54.1%. The long-run trend across the full record is volatile.
- Where does this Finland data come from?
- The figures come from Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 107 observations, free to reuse under CC BY 4.0 (Our World in Data).