Finland Economic Statistics and Indicators

25, Oct 2020, EDT. 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.
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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 %.