Finland Economic Statistics and Indicators

25, Feb 2018, EST. Welcome to the Finland economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Finland › Change country
National or Regional Currency: Euro, EUR
Year of data: 2015 › Change year
Number of Indicators Listed: 42
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 5,268,799 (July 2014 est.)
Area: total: 338,145 sq km ; land: 303,815 sq km ; water: 34,330 sq km
Natural Resources: timber, iron ore, copper, lead, zinc, chromite, nickel, gold, silver, limestone
Capital: name: Helsinki ; geographic coordinates: 60 10 N, 24 56 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Finland has a highly industrialized, largely free-market economy with per capita output almost as high as that of Austria, Belgium, the Netherlands, or Sweden. Trade is important, with exports accounting for over one-third of GDP in recent years. Finland is historically competitive in manufacturing - principally the wood, metals, engineering, telecommunications, and electronics industries. Finland excels in export of technology for mobile phones as well as promotion of startups in the ICT, gaming, cleantech, and biotechnology sectors. Except for timber and several minerals, Finland depends on imports of raw materials, energy, and some components for manufactured goods. Because of the climate, agricultural development is limited to maintaining self-sufficiency in basic products. Forestry, an important export earner, provides a secondary occupation for the rural population. Finland had been one of the best performing economies within the EU in recent years and its banks and financial markets avoided the worst of global financial crisis. However, the world slowdown hit exports and domestic demand hard in 2009, with Finland experiencing one of the deepest contractions in the euro zone. A recovery of exports, domestic trade, and household consumption stimulated economic growth in 2010-11, however, continued recession within the EU dampened the economy in 2012-13. The recession affected general government finances and the debt ratio, turning previously strong budget surpluses into deficits, but Finland took action to ensure it that it met the EU deficit targets in 2013 and retained its triple-A credit rating. Finland's main challenge will be to stimulate growth while faced with weak export demand in the EU and its own government austerity measures. Longer-term, Finland must address a rapidly aging population and decreasing productivity in traditional industries that threaten competitiveness, fiscal sustainability, and economic growth.
More on the Finland Economy
More on the Finland Export, Import and Trade

Economic Indicator Listing
  For Finland in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 0.431 %
GDP (Current Prices, National Currency)EUR 206.981 Billion.
GDP (Current Prices, US Dollars)US$ 229.671 Billion
GDP Deflator 110.548 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)EUR 34,217.74 .
GDP Per Capita (Current Prices, National Currency)EUR 37,827.18 .
GDP Per Capita (Current Prices, US Dollars)US$ 41,973.99
Output Gap, Percent of Potential GDP -3.104 %
GDP (PPP), US DollarsUS$ 224.999 Billion
GDP Per Capita (PPP), US DollarsUS$ 41,120.01
GDP Share of World Total (PPP) 0.198 %
Implied PPP Conversion Rate 0.92
Investment (% of GDP) 19.527 %
Gross National Savings (% of GDP) 18.972 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 100 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) -0.156 %
Inflation, End of Year (Indexed to Year 2000) 99.98 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) -0.249 %
Import Volume of All Items Including Goods and Services (Percent Change) -1.227 %
Import Volumes of Goods Only (Percent Change) -1.37 %
Export Volume of All Items Including Goods and Services (Percent Change) 0.377 %
Export Volumes of Goods Only (Percent Change) -1.406 %
Unemployment Rate (% of Labour Force) 9.325 %
Employment 2.438 Million
Population 5.472 Million
General government revenue (National Currency)EUR 114.08 Billions.
General government revenue (% of GDP) 55.116 %
General government total expenditure (National Currency)EUR 121.013 Billions.
General government total expenditure (% of GDP) 58.466 %
Total Government Net Lending/ Borrowing (National Currency)EUR -6.933 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -3.35 %
General Government Structural Balance (National Currency)EUR -2.053 Billion.
General Government Structural Balance (% Potential GDP) -0.961 %
Fiscal Year Gross Domestic Product, Current PricesEUR 206.981 Billions.
Current Account Balance (US Dollars)US$ 0.272 Billion
Current Account Balance (% GDP) 0.118 %
Economic Indicators for Finland 2015

GDP (Constant Prices, National Currency) for Finland in year 2015 is EUR 187.231 Billion.

GDP Growth (Constant Prices, National Currency) for Finland in year 2015 is 0.431 %.

GDP (Current Prices, National Currency) for Finland in year 2015 is EUR 206.981 Billion.

GDP (Current Prices, US Dollars) for Finland in year 2015 is US$ 229.671 Billion.

GDP Deflator for Finland in year 2015 is 110.548 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Finland in year 2015 is EUR 34,217.74 .

GDP Per Capita (Current Prices, National Currency) for Finland in year 2015 is EUR 37,827.18 .

GDP Per Capita (Current Prices, US Dollars) for Finland in year 2015 is US$ 41,973.99 .

Output Gap, Percent of Potential GDP for Finland in year 2015 is -3.104 %.

GDP (PPP), US Dollars for Finland in year 2015 is US$ 224.999 Billion.

GDP Per Capita (PPP), US Dollars for Finland in year 2015 is US$ 41,120.01 .

GDP Share of World Total (PPP) for Finland in year 2015 is 0.198 %.

Implied PPP Conversion Rate for Finland in year 2015 is 0.92 .

Investment (% of GDP) for Finland in year 2015 is 19.527 %.

Gross National Savings (% of GDP) for Finland in year 2015 is 18.972 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Finland in year 2015 is 100 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Finland in year 2015 is -0.156 %.

Inflation, End of Year (Indexed to Year 2000) for Finland in year 2015 is 99.98 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Finland in year 2015 is -0.249 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Finland in year 2015 is -1.227 %.

Import Volumes of Goods Only (Percent Change) for Finland in year 2015 is -1.37 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Finland in year 2015 is 0.377 %.

Export Volumes of Goods Only (Percent Change) for Finland in year 2015 is -1.406 %.

Unemployment Rate (% of Labour Force) for Finland in year 2015 is 9.325 %.

Employment for Finland in year 2015 is 2.438 Million .

Population for Finland in year 2015 is 5.472 Million .

General government revenue (National Currency) for Finland in year 2015 is EUR 114.08 Billions.

General government revenue (% of GDP) for Finland in year 2015 is 55.116 %.

General government total expenditure (National Currency) for Finland in year 2015 is EUR 121.013 Billions.

General government total expenditure (% of GDP) for Finland in year 2015 is 58.466 %.

Total Government Net Lending/ Borrowing (National Currency) for Finland in year 2015 is EUR -6.933 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Finland in year 2015 is -3.35 %.

General Government Structural Balance (National Currency) for Finland in year 2015 is EUR -2.053 Billion.

General Government Structural Balance (% Potential GDP) for Finland in year 2015 is -0.961 %.

Fiscal Year Gross Domestic Product, Current Prices for Finland in year 2015 is EUR 206.981 Billions.

Current Account Balance (US Dollars) for Finland in year 2015 is US$ 0.272 Billion.

Current Account Balance (% GDP) for Finland in year 2015 is 0.118 %.

* Source: IMF
Aggregate Indicators for Finland
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Finland
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Finland
  Natural Resources, Agricultural Products, Land Use and Water Use for Finland
  Nationality, Ethnic Groups, Languages and Religions for Finland
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Finland
  Age Structure, Median Age, Gender and Urbanization for Finland
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Finland
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Finland
  HIV, AIDS and Other Major Infectious Disease Rates for Finland
  Literacy Rate, Educational Expenditure and School Life Expectancy for Finland
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Finland
  Industries and Industrial Growth Production Rate for Finland
  Labor Force by Occupation for Finland
  Poverty Line, Gini Index, Household Income and Consumption for Finland
  National Budget and Public Debt for Finland
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Finland
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Finland
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Finland
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Finland
  Foreign Exchange Reserves and Gold Reserves for Finland
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Finland
  Exchange Rate Statistics for Finland
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Finland
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Finland
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Finland
  Television and Radio Statistics (TV Stats, Radio Stats) for Finland
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Finland
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Finland
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Finland
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Finland
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Finland
* Source: CIA
Internet Indicators for Finland
Indicators
  Number of Internet Users for Finland
  Internet Penetration Rate for Finland
  Number of Facebook Accounts for Finland
  Facebook Penetration Rate for Finland
* Source: IWS
Economic Freedom Indicators for Finland
Indicators
  Economic Freedom World Rank for Finland
  Government Spending for Finland
  Monetary Freedom for Finland
  Investment Freedom for Finland
  Financial Freedom for Finland
  Property Rights for Finland
  Economic Freedom Regional Ranking for Finland
  Freedom from Corruption for Finland
  Labor Freedom for Finland
  Tariff Rate for Finland
  Income Tax Rate for Finland
  Corporate Tax Rate for Finland
  Tax Burden % of GDP for Finland
  Government Expenditure % of GDP for Finland
  Business Freedom for Finland
  Trade Freedom for Finland
  Fiscal Freedom for Finland
  2016 Score for Finland
* Source: HFO
Finland Economic Indicators in other Years
  Finland Economic Indicators for Year 2021 (Forecast)
  Finland Economic Indicators for Year 2020 (Forecast)
  Finland Economic Indicators for Year 2019 (Forecast)
  Finland Economic Indicators for Year 2018 (Forecast)
  Finland Economic Indicators for Year 2017 (Forecast)
  Finland Economic Indicators for Year 2016 (Forecast)
Finland Economic Indicators for Year 2015 (Current)
  Finland Economic Indicators for Year 2014
  Finland Economic Indicators for Year 2013
  Finland Economic Indicators for Year 2012
  Finland Economic Indicators for Year 2011
  Finland Economic Indicators for Year 2010
  Finland Economic Indicators for Year 2009
  Finland Economic Indicators for Year 2008
  Finland Economic Indicators for Year 2007
  Finland Economic Indicators for Year 2006
  Finland Economic Indicators for Year 2005
  Finland Economic Indicators for Year 2004
  Finland Economic Indicators for Year 2003
  Finland Economic Indicators for Year 2002
  Finland Economic Indicators for Year 2001
  Finland Economic Indicators for Year 2000
  Finland Economic Indicators for Year 1999
  Finland Economic Indicators for Year 1998
  Finland Economic Indicators for Year 1997
  Finland Economic Indicators for Year 1996
  Finland Economic Indicators for Year 1995
  Finland Economic Indicators for Year 1994
  Finland Economic Indicators for Year 1993
  Finland Economic Indicators for Year 1992
  Finland Economic Indicators for Year 1991
  Finland Economic Indicators for Year 1990
  Finland Economic Indicators for Year 1989
  Finland Economic Indicators for Year 1988
  Finland Economic Indicators for Year 1987
  Finland Economic Indicators for Year 1986
  Finland Economic Indicators for Year 1985
  Finland Economic Indicators for Year 1984
  Finland Economic Indicators for Year 1983
  Finland Economic Indicators for Year 1982
  Finland Economic Indicators for Year 1981
  Finland Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International