Australia and Finland Economies: A Side-by-Side Table Comparison

Australia and Finland present a fascinating comparison. Australia’s population is about 4.7 times larger, and its landmass is nearly 23 times greater. Economically, Australia boasts a GDP roughly 6 times larger, with a higher GDP per capita. However, Finland enjoys slightly better economic freedom and lower income inequality. In defense, Australia spends about 4.4 times more, while its trade dynamics show a strong focus on minerals compared to Finland’s emphasis on paper products.

Basic Indicators

Indicator	Australia	Finland	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	5.56 million (112th)	Australia’s population is approximately 4.68 times larger than Finland’s.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	0.34 million sq. km (64th)	Australia is 22.8 times larger than Finland.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	282.65B USD (46th)	Australia’s total GDP is approximately 6 times larger than Finland’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	50,872 USD (21st)	Australia’s GDP per capita is roughly 28% higher than Finland’s, with Australians producing about $14,228 more per person annually.

Economic Indexes

Index	Australia	Finland	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.942 (12th)	Australia’s HDI is 0.946 (very high), while Finland’s is 0.942 (very high). Australia’s score is 0.004 higher, indicating a slight edge in human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	76.3 (11th)	Australia’s Index of Economic Freedom is slightly lower than Finland’s, with a difference of just 0.1 points.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	27.1 (2020 est.)	With a 27.1% lower Gini coefficient, Australia has a higher degree of income inequality than Finland.

International trade _{source(2023 data), updated 2024}

Indicator	Australia	Finland
Total imports	363.57B USD	124.22B
Imports % of GDP	19.71%	47.73%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	Sweden 15%, Germany 14%, China 8%, Norway 7%, Netherlands 6%
Main import items	refined petroleum, cars, garments, trucks, plastic products	crude petroleum, refined petroleum, cars, garments, electricity
Total exports	447.51B USD	122.95B
Exports % of GDP	25.43%	45.34%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	Germany 11%, US 10%, Sweden 10%, Netherlands 7%, China 5%
Main export items	coal, iron ore, natural gas, gold, wheat	paper, refined petroleum, steel, wood pulp, wood

Australia’s imports are nearly three times Finland’s, but Finland imports 28% more of its GDP than Australia. Australia’s exports are over three times Finland’s, focusing on minerals and energy, while Finland leans towards paper and wood products.

Military Power _{source (2023 data), updated 2024}

Indicator	Australia	Finland
Military expenditure	32.3B USD	7.3B USD
Military expenditure (% of GDP)	1.90%	1.72%
Active military	59k	24k
Active military per 1,000 capita	3.8	52.7

Australia’s military expenditure is approximately 4.4 times larger than Finland’s at $32.34 billion compared to $7.35 billion, and Australia allocates a slightly higher percentage of its GDP to defense at 1.90% versus Finland’s 1.72%.