Military spending per military personnel in Finland

Finland: Military spending per military personnel was 298,004 constant 2022 US$ in 2022. ◆ Volatile

Latest (2022)
298,004 constant 2022 US$
Change on year
up 3.7%
World rank
20th
of 170 countries
All-time high
298,004 constant 2022 US$
in 2022
All-time low
2,352 constant 2022 US$
in 1920
Years of data
102
1919–2022

Military spending per military personnel in Finland, 1919–2022

0100.0k200.0k300.0k191919702022

Source: Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data. Measured in constant 2022 US$.

Analysis

The most recent figure for military spending per military personnel in Finland is 298,004 constant 2022 US$, measured in 2022. That is the highest value across all 102 years on record.

The figure is up 3.7% on the previous year and up 58.3% over ten years.

Over the whole period, military spending per military personnel in Finland peaked at 298,004 constant 2022 US$ in 2022 and was at its lowest, 2,352 constant 2022 US$, in 1920.

Finland ranks 20th of 170 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 per military personnel in Finland, year by year

Annual values for Military spending per military personnel in Finland, 1919 to 2022.
Year constant 2022 US$ Change
1919 2,682 constant 2022 US$ —
1920 2,352 constant 2022 US$ -12.3%
1921 3,248 constant 2022 US$ +38.1%
1922 4,218 constant 2022 US$ +29.9%
1923 5,037 constant 2022 US$ +19.4%
1924 5,251 constant 2022 US$ +4.2%
1925 5,984 constant 2022 US$ +14.0%
1926 6,742 constant 2022 US$ +12.7%
1927 6,724 constant 2022 US$ -0.3%
1928 6,928 constant 2022 US$ +3.0%
1929 7,687 constant 2022 US$ +11.0%
1930 8,288 constant 2022 US$ +7.8%
1931 7,142 constant 2022 US$ -13.8%
1932 7,099 constant 2022 US$ -0.6%
1933 6,383 constant 2022 US$ -10.1%
1934 9,099 constant 2022 US$ +42.5%
1935 10,011 constant 2022 US$ +10.0%
1936 10,742 constant 2022 US$ +7.3%
1937 11,265 constant 2022 US$ +4.9%
1938 11,239 constant 2022 US$ -0.2%
1939 30,007 constant 2022 US$ +167.0%
1940 4,868 constant 2022 US$ -83.8%
1943 3,740 constant 2022 US$ -23.2%
1944 4,059 constant 2022 US$ +8.5%
1945 47,000 constant 2022 US$ +1058.0%
1946 29,989 constant 2022 US$ -36.2%
1947 25,404 constant 2022 US$ -15.3%
1948 22,404 constant 2022 US$ -11.8%
1949 22,969 constant 2022 US$ +2.5%
1950 12,646 constant 2022 US$ -44.9%
1951 11,287 constant 2022 US$ -10.7%
1952 10,052 constant 2022 US$ -10.9%
1953 4,729 constant 2022 US$ -53.0%
1954 12,706 constant 2022 US$ +168.7%
1955 13,877 constant 2022 US$ +9.2%
1956 15,306 constant 2022 US$ +10.3%
1957 13,428 constant 2022 US$ -12.3%
1958 7,051 constant 2022 US$ -47.5%
1959 14,377 constant 2022 US$ +103.9%
1960 15,544 constant 2022 US$ +8.1%
1961 16,158 constant 2022 US$ +3.9%
1962 20,969 constant 2022 US$ +29.8%
1963 27,511 constant 2022 US$ +31.2%
1964 24,156 constant 2022 US$ -12.2%
1965 25,574 constant 2022 US$ +5.9%
1966 26,226 constant 2022 US$ +2.5%
1967 25,766 constant 2022 US$ -1.8%
1968 25,567 constant 2022 US$ -0.8%
1969 25,070 constant 2022 US$ -1.9%
1970 25,939 constant 2022 US$ +3.5%
1971 27,922 constant 2022 US$ +7.6%
1972 31,278 constant 2022 US$ +12.0%
1973 34,386 constant 2022 US$ +9.9%
1974 33,408 constant 2022 US$ -2.8%
1975 36,442 constant 2022 US$ +9.1%
1976 42,834 constant 2022 US$ +17.5%
1977 38,910 constant 2022 US$ -9.2%
1978 38,262 constant 2022 US$ -1.7%
1979 48,313 constant 2022 US$ +26.3%
1980 50,177 constant 2022 US$ +3.9%
1981 53,828 constant 2022 US$ +7.3%
1982 58,501 constant 2022 US$ +8.7%
1983 53,655 constant 2022 US$ -8.3%
1984 55,561 constant 2022 US$ +3.6%
1985 59,922 constant 2022 US$ +7.8%
1986 71,263 constant 2022 US$ +18.9%
1987 76,579 constant 2022 US$ +7.5%
1988 74,390 constant 2022 US$ -2.9%
1989 80,714 constant 2022 US$ +8.5%
1990 101,735 constant 2022 US$ +26.0%
1991 103,759 constant 2022 US$ +2.0%
1992 102,376 constant 2022 US$ -1.3%
1993 101,971 constant 2022 US$ -0.4%
1994 94,073 constant 2022 US$ -7.7%
1995 103,659 constant 2022 US$ +10.2%
1996 92,551 constant 2022 US$ -10.7%
1997 89,658 constant 2022 US$ -3.1%
1998 86,716 constant 2022 US$ -3.3%
1999 76,032 constant 2022 US$ -12.3%
2000 80,765 constant 2022 US$ +6.2%
2001 82,172 constant 2022 US$ +1.7%
2002 89,238 constant 2022 US$ +8.6%
2003 123,425 constant 2022 US$ +38.3%
2004 126,621 constant 2022 US$ +2.6%
2005 130,064 constant 2022 US$ +2.7%
2006 133,476 constant 2022 US$ +2.6%
2007 138,985 constant 2022 US$ +4.1%
2008 152,363 constant 2022 US$ +9.6%
2009 157,960 constant 2022 US$ +3.7%
2010 192,644 constant 2022 US$ +22.0%
2011 203,005 constant 2022 US$ +5.4%
2012 188,311 constant 2022 US$ -7.2%
2013 198,485 constant 2022 US$ +5.4%
2014 191,250 constant 2022 US$ -3.6%
2015 177,222 constant 2022 US$ -7.3%
2016 177,930 constant 2022 US$ +0.4%
2017 195,959 constant 2022 US$ +10.1%
2018 205,632 constant 2022 US$ +4.9%
2019 219,116 constant 2022 US$ +6.6%
2020 238,831 constant 2022 US$ +9.0%
2021 287,352 constant 2022 US$ +20.3%
2022 298,004 constant 2022 US$ +3.7%

Finland compared with similar countries

  • Finland's 298,004 constant 2022 US$ is above the median for high income countries, which is 182,526 constant 2022 US$, 1.6× the median. (54 countries reporting)
  • Finland's 298,004 constant 2022 US$ is above the median for Europe & Central Asia, which is 90,225 constant 2022 US$, 3.3× the median. (47 countries reporting)

Biggest year-on-year movements

Years where Military spending per military personnel 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
1945 +1058.0% 4,059 constant 2022 US$ 47,000 constant 2022 US$
1954 +168.7% 4,729 constant 2022 US$ 12,706 constant 2022 US$
1939 +167.0% 11,239 constant 2022 US$ 30,007 constant 2022 US$
1959 +103.9% 7,051 constant 2022 US$ 14,377 constant 2022 US$
1940 -83.8% 30,007 constant 2022 US$ 4,868 constant 2022 US$
1953 -53.0% 10,052 constant 2022 US$ 4,729 constant 2022 US$

Averages by decade

DecadeAverage LowestHighest Years
1910s 2,682 constant 2022 US$ 2,682 constant 2022 US$ 2,682 constant 2022 US$ 1
1920s 5,417 constant 2022 US$ 2,352 constant 2022 US$ 7,687 constant 2022 US$ 10
1930s 11,128 constant 2022 US$ 6,383 constant 2022 US$ 30,007 constant 2022 US$ 10
1940s 20,054 constant 2022 US$ 3,740 constant 2022 US$ 47,000 constant 2022 US$ 8
1950s 11,546 constant 2022 US$ 4,729 constant 2022 US$ 15,306 constant 2022 US$ 10
1960s 23,254 constant 2022 US$ 15,544 constant 2022 US$ 27,511 constant 2022 US$ 10
1970s 35,769 constant 2022 US$ 25,939 constant 2022 US$ 48,313 constant 2022 US$ 10
1980s 63,459 constant 2022 US$ 50,177 constant 2022 US$ 80,714 constant 2022 US$ 10
1990s 95,253 constant 2022 US$ 76,032 constant 2022 US$ 103,759 constant 2022 US$ 10
2000s 121,507 constant 2022 US$ 80,765 constant 2022 US$ 157,960 constant 2022 US$ 10
2010s 194,955 constant 2022 US$ 177,222 constant 2022 US$ 219,116 constant 2022 US$ 10
2020s 274,729 constant 2022 US$ 238,831 constant 2022 US$ 298,004 constant 2022 US$ 3

Countries ranked near Finland

  1. 17 Belgium 340,566 constant 2022 US$ compare
  2. 18 Saudi Arabia 327,483 constant 2022 US$ compare
  3. 19 France 319,408 constant 2022 US$ compare
  4. 21 Singapore 282,351 constant 2022 US$ compare
  5. 22 Italy 256,991 constant 2022 US$ compare
  6. 23 Japan 238,965 constant 2022 US$ compare

See the full ranking of 170 places →

More reference data data for Finland

All data for Finland →

Frequently asked questions

What is military spending per military personnel in Finland?
Military spending per military personnel in Finland was 298,004 constant 2022 US$ in 2022, according to Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data.
What is the highest military spending per military personnel recorded in Finland?
The highest recorded value was 298,004 constant 2022 US$ in 2022.
What is the lowest military spending per military personnel recorded in Finland?
The lowest recorded value was 2,352 constant 2022 US$ in 1920.
How does Finland rank for military spending per military personnel?
Finland ranks 20th out of 170 countries with data for 2022.
Is military spending per military personnel rising or falling in Finland?
Over the last ten years it is up 58.3%. The long-run trend across the full record is volatile.
Where does this Finland data come from?
The figures come from Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data, published as part of Military spending per military personnel. Statizoid updates them automatically from the source API.

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Military spending per military personnel in Finland. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data. Retrieved 28 September 2026, from https://reference.statizoid.com/stat/military-spending-per-military-personnel/finland/

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About this data

Indicator
Military spending per military personnel
Unit
constant 2022 US$
Source
Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
170 places, 14,182 data points, 1816–2022
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.