Finland: Economy

Economic Trivia

Trade is important with exports accounting for over one third of GDP in recent years.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): Germany, Russia, and Sweden
Top 3 Exported Goods (2014): Industrial Machinery, Paper, and Oil & Mineral Fuels

Top Industries Source: CIA World Factbook

Metals and Metal Products; Electronics; Machinery and Scientific Instruments; Shipbuilding

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $222,151,965,205 (2014)
GDP Growth Rate (annual %) -0.405% (2014)
GDP Per Capita, PPP (current international) $40,676 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 61/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 1.044% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 37.9% (2015)
Real Interest Rate (5 year average %) 3.063% (2004)
Manufacturing, value added (% of GDP) 16.748% (2014)
Current Account Balance (BoP, current US$) ($2,472,426,266) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 2,714,587 (2014)
Employment in Agriculture (% of total employment) 3.9% (2014)
Employment in Industry (% of total employment) 22% (2014)
Employment in Services (% of total employment) 73.7% (2014)
Unemployment Rate 8.6% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $105,332,045,162 (2014)
Exports of goods and services (current US$) $103,233,152,384 (2014)
Total Merchandise Trade (% of GDP) 55.458% (2014)
FDI, net inflows (BoP, current US$) $14,812,365,403 (2014)
Commercial Service Exports (current US$) $28,101,086,574 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Finland’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary