Volume of gross domestic product increased by 0.2 per cent in 2025

Private sector net lending in surplus

The net lending of non-financial corporations, households and financial corporations was in surplus in 2025. The net lending of non-profit institutions serving households (S15) was also positive. General government deficit relative to GDP decreased.

Net lending describes whether the sector has extra finances for other sectors to use.

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The current account turned to surplus

According to preliminary data, the current account was EUR 3.5 billion in surplus in 2025. In 2024, the current account was EUR 1.2 billion in deficit. The growth in the current account was explained by, for example, the improvement in the balance of goods and services (goods and services total) and the decrease in property income paid to the rest of the world.

Before 2025, the current account was last in surplus in 2021.

Households’ saving rate grew

Households’ saving rate was 4.1 per cent in 2025 (3.9% in 2024).

The saving rate grew from the previous year as income increased faster than expenditure. Compensation of employees and social benefits (including pensions) received by households increased moderately in 2025, but slightly faster than private consumption.

The decline in households’ indebtedness ratio continued in 2025. The indebtedness ratio was at its highest in 2021, when it was 133 per cent. In 2025, the indebtedness ratio was 122 per cent.

Tax ratio made an upturn in 2025

The tax ratio rose to 42.6 per cent in 2025 (42.2 per cent in 2024). In 2022 to 2024, the tax ratio decreased from the previous year.

The rise in the tax ratio is explained by a growth in compulsory social security contributions paid. The release of the statistics on taxes and tax-like payments as a separate set of statistics was discontinued in 2025, but the data content of the statistics was incorporated into the annual national accounts.

General government deficit declined

General government net borrowing was EUR 9.6 billion in 2025, or EUR 2.4 billion less than in the previous year.

The deficit of central government was EUR 10.9 billion, while one year before it was EUR 10.2 billion. Expenditure grew particularly due to current transfers paid to municipalities and wellbeing services counties, which increased by EUR 3.2 billion from the previous year. Interest paid by central government also went up. Compared to the previous year, the difference between interest income and expenditure, or net interest expenses, grew by EUR 0.5 billion. Central government tax revenue increased by EUR 1.5 billion, mostly due to a higher accrual of value added tax and income tax.

Local government deficit was EUR 0.7 billion in 2025, while it was EUR 2.6 billion in the previous year. The decrease in the deficit was caused by the ex-post control of the funding of the wellbeing services counties, which increased central government income transfers to wellbeing services counties.

Wellbeing services county administration EUR 45 million in surplus in 2025.

Local government expenditure, excluding wellbeing services county administration, increased by EUR 1.4 billion and income by EUR 1.5 billion from the previous year. Most of the increase in expenditure and income was due to the responsibility for organising public employment services being transferred from central government to municipalities.

The surplus of employment pension schemes was EUR 2.8 billion, while one year before it was EUR 2.2 billion. The improvement of the financial position was mainly due to increased property income.

The deficit of other social security funds was EUR 0.8 billion.

National Accounts' table package

The table package combining national accounts data is available in PDF/A format in Finnish and English. The table package is updated in connection with each annual national accounts release.