Over the past three years, Finland's general government debt-to-GDP ratio has increased by 1.9 percentage points, while the euro area's average debt ratio has declined by 10.6 percentage points. This discrepancy highlights unique economic challenges Finland faces compared to its European counterparts.
Despite running consistent deficits over the past three years, Finland’s cumulative general government deficit of 7% of GDP remains below the euro area average of 11.5%.
