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: Russia, Sweden, and Germany
Top 3 Exported Goods: 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 $) $208 billion (2013)
GDP Growth Rate (annual %) -1.379% (2013)
GDP Per Capita, PPP (current international $) $38,251 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 59/192 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 1.478% (2013)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 39.8% (2013)
Real Interest Rate (5 year average %) 3.19% (2004)
Manufacturing, value added (% of GDP) 14.939% (2013)
Current Account Balance (BoP, current US$) $-3,698,498,662 (2012)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 2,719,678 (2012)
Employment in Agriculture (% of total employment) 4.1% (2012)
Employment in Industry (% of total employment) 22.7% (2012)
Employment in Services (% of total employment) 72.7% (2012)
Unemployment Rate 7.6% (2012)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $103,297 million (2013)
Exports of goods and services (current US$) $103,002 million (2013)
Total Merchandise Trade (% of GDP) 60.213% (2012)
FDI, net inflows (BoP, current US$) $-5,297 million (2013)
Commercial Service Exports (current US$) $24,644,515,475 (2012)
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