Finland: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| Economic Trivia | Trade is important with exports accounting for over one-third of GDP in recent years. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2019): Germany, Sweden, and Russia |
| Top Industries Source: CIA World Factbook | Metals and Metal Products; Electronics; Machinery and Scientific Instruments; Shipbuilding |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $281,018,749,338 (2020) |
| GDP Growth Rate (annual %) | -2.871% (2020) |
| GDP Per Capita, PPP (current international) | $50,811 (2020) |
GDP Country Rank 57/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 0.291% (2020) |
| External debt stocks, total (DOD, current US$) | Data unavailable |
| Total tax rate (% of commercial profits) | 36.6% (2019) |
| Real Interest Rate (5 year average %) | 3.712% (2016) |
| Manufacturing, value added (% of GDP) | 14.465% (2020) |
| Current Account Balance (BoP, current US$) | $2,548,353,060 (2020) |
Labor and Employment [1]
| Labor Force, Total | 2,765,434 (2020) |
| Employment in Agriculture (% of total employment) | 3.512% (2020) |
| Employment in Industry (% of total employment) | 22.018% (2020) |
| Employment in Services (% of total employment) | 74.47% (2020) |
| Unemployment Rate | 7.83% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $96,701,749,172 (2020) |
| Exports of goods and services (current US$) | $97,609,795,079 (2020) |
| Total Merchandise Trade (% of GDP) | 49.796% (2020) |
| FDI, net inflows (BoP, current US$) | $15,611,668,562 (2019) |
| Commercial Service Exports (current US$) | $29,343,312,999 (2020) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
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.