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, Germany, and Sweden
Top 3 Exported Goods: Industrial Machinery, Industrial Machinery, and Paper

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) $217,202,446,542 (2014)
GDP Growth Rate (annual %) -0.114% (2014)
GDP Per Capita, PPP (current international) $39,754 (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$) Data unavailable
Total tax rate (% of commercial profits) 40% (2014)
Real Interest Rate (5 year average %) 3.063% (2004)
Manufacturing, value added (% of GDP) 16.243% (2014)
Current Account Balance (BoP, current US$) ($2,466,272,333) (2013)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 2,721,261 (2013)
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 8.2% (2013)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $102,009,903,875 (2014)
Exports of goods and services (current US$) $100,887,487,130 (2014)
Total Merchandise Trade (% of GDP) 55.632% (2014)
FDI, net inflows (BoP, current US$) ($5,296,740,409) (2013)
Commercial Service Exports (current US$) $26,067,873,973 (2013)
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