Bank deposits to GDP in Finland
Finland: Bank deposits to GDP was 77.3% in 2021. ▲ Rising
Bank deposits to GDP in Finland, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, bank deposits to gdp in Finland stood at 77.3%.
The figure is down 0.2% on the previous year and up 21.9% over ten years.
Over the whole period, bank deposits to gdp in Finland peaked at 77.4% in 2020 and was at its lowest, 34.9%, in 1974.
That places Finland 58th out of 185 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 60 years of available data.
Bank deposits to GDP in Finland, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 35.7% | — |
| 1961 | 36.1% | +1.2% |
| 1962 | 36.4% | +0.7% |
| 1963 | 36.4% | -0.1% |
| 1964 | 36.1% | -0.6% |
| 1965 | 36.3% | +0.6% |
| 1966 | 38.1% | +4.7% |
| 1967 | 38.1% | +0.1% |
| 1968 | 37.4% | -1.9% |
| 1969 | 37.1% | -0.7% |
| 1970 | 37.5% | +1.1% |
| 1971 | 38.9% | +3.8% |
| 1972 | 39.5% | +1.4% |
| 1973 | 37.5% | -5.1% |
| 1974 | 34.9% | -6.9% |
| 1975 | 37.0% | +6.1% |
| 1976 | 35.8% | -3.2% |
| 1977 | 36.4% | +1.6% |
| 1978 | 37.8% | +3.9% |
| 1979 | 38.5% | +1.9% |
| 1980 | 38.1% | -1.0% |
| 1981 | 38.9% | +2.1% |
| 1982 | 39.5% | +1.4% |
| 1983 | 40.3% | +2.1% |
| 1984 | 41.6% | +3.2% |
| 1985 | 44.9% | +8.0% |
| 1986 | 45.0% | +0.1% |
| 1987 | 46.7% | +3.9% |
| 1988 | 50.7% | +8.6% |
| 1989 | 49.1% | -3.3% |
| 1990 | 48.8% | -0.6% |
| 1991 | 54.2% | +11.1% |
| 1992 | 55.6% | +2.6% |
| 1993 | 55.9% | +0.6% |
| 1994 | 53.6% | -4.2% |
| 1995 | 52.3% | -2.5% |
| 1996 | 48.8% | -6.6% |
| 1997 | 46.1% | -5.5% |
| 1998 | 44.0% | -4.6% |
| 2001 | 44.6% | +1.4% |
| 2002 | 46.9% | +5.2% |
| 2003 | 49.6% | +5.8% |
| 2004 | 50.4% | +1.6% |
| 2005 | 52.4% | +3.8% |
| 2006 | 54.4% | +3.9% |
| 2007 | 58.3% | +7.2% |
| 2008 | 58.5% | +0.3% |
| 2009 | 62.8% | +7.3% |
| 2010 | 63.5% | +1.1% |
| 2011 | 63.4% | -0.2% |
| 2012 | 61.4% | -3.2% |
| 2013 | 62.2% | +1.3% |
| 2014 | 63.4% | +1.9% |
| 2015 | 67.2% | +6.0% |
| 2016 | 67.2% | +0.1% |
| 2017 | 68.0% | +1.2% |
| 2018 | 67.2% | -1.3% |
| 2019 | 67.1% | -0.1% |
| 2020 | 77.4% | +15.4% |
| 2021 | 77.3% | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 36.8% | 35.7% | 38.1% | 10 |
| 1970s | 37.4% | 34.9% | 39.5% | 10 |
| 1980s | 43.5% | 38.1% | 50.7% | 10 |
| 1990s | 51.0% | 44.0% | 55.9% | 9 |
| 2000s | 53.1% | 44.6% | 62.8% | 9 |
| 2010s | 65.1% | 61.4% | 68.0% | 10 |
| 2020s | 77.3% | 77.3% | 77.4% | 2 |
Countries ranked near Finland
More financial sector data for Finland
- Total reserves in months of imports, annual growth rate 20.38 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 13.76 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0239 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,340 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 8.46 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 2,109 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 18.85 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,904 SDR per person (2025)
Frequently asked questions
- What is bank deposits to gdp in Finland?
- Bank deposits to gdp in Finland was 77.3% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Finland?
- The highest recorded value was 77.4% in 2020.
- What is the lowest bank deposits to gdp recorded in Finland?
- The lowest recorded value was 34.9% in 1974.
- How does Finland rank for bank deposits to gdp?
- Finland ranks 58th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Finland?
- Over the last ten years it is up 21.9%. The long-run trend across the full record is rising.
- Where does this Finland data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).