Finland
Finland has a highly industrialized free-market economy with a per capita output equal to that of other western economies such as France, Germany, Belgium or the UK. The largest sector of the economy is services at 65.7 %, followed by manufacturing and refining at 31.4 %. Primary production is at 2.9 %. With respect to foreign trade, the key economic sector is manufacturing. The largest industries are electronics (21.6 %), machinery, vehicles and other engineered metal products (21.1 %), forest industry (13.1 %), and chemicals (10.9 %). Finland has timber and several mineral and freshwater resources. Forestry, paper factories, and the agricultural sector (on which taxpayers spend around 3 billion euro annually) are politically sensitive to rural residents. The Greater Helsinki area generates around a third of GDP. In a 2004 OECD comparison, high-technology manufacturing in Finland ranked second largest after Ireland. Knowledge-intensive services have also ranked the smallest and slow-growth sectors ? especially agriculture and low-technology manufacturing ? second largest after Ireland. Overall short-term outlook was good and GDP growth has been above many EU peers. Inflation has been low, averaging 1.8 % between 2004 and 2006.
|
Demographic Data |
|
Economic Data |
|
Cultural & Other Data |
|
|
|
GDP (PPP, $bn) |
195.2 |
Capital |
Helsinki |
|
|
Area (sq. km.) |
338,145 |
GDP Real Growth (%) |
1.5 |
Other Large Cities |
Espoo, Tampere, Turku |
|
Population (million) |
5.25 |
PerCap GDP ($) |
37,200 |
Primary Language |
Finnish |
|
Population Growth % |
0.098 |
Prime Lending Rate (%) |
5.04 |
Urban Population % |
63 |
|
% Population Under 15yrs |
16.4 |
Inflation Rate% |
4.1 |
Urban Growth % |
0.8 |
|
Population below poverty line (%) |
NA |
Unemployment% |
6.4 |
Literacy (% of population) |
100 |
|
Agricultural Workers (% of population) |
5 |
Foreign Direct Investment($bn) |
94.57 |
Education spending as % of GDP |
6.4 |
|
Industrial Workers (% of population) |
25 |
Debt-External ($bn) |
271.2 |
CPI Score (1-10)* |
9.0 |
|
Service Workers (% of population) |
70 |
Exports ($bn) |
104.3 |
Corporate Income Tax % |
26 |
|
Labor Force (mil) |
2.53 |
Imports ($bn) |
93.28 |
Ease of Doing Business Ranking ** |
14 |
CURRENCY EXCHANGE RATE
05/08/09 $1 = 0.75 Euro
Loading ...