Finland GDP and its Economy overview

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Finland GDP

Finland country overview

Before we start to discuss Finland GDP first we discuss Finland’s country overview, so Finland is officially called the Republic of Finland. It is located in Northern Europe. Finland shared her border with Sweden, Russia, Norway, and Estonia.

finland gdp
Finland GDP

Helsinki is the capital and largest city of Finland. Its official languages are Finnish and Swedish. The English language is considered a foreign language in Finland.

In ethnic groups, 91% are Finnish and other ethnic-related groups live in Finland. When we talk about the religious divide in Finland, so 70% are Christianity, 29% have no religion and others live in Finland.

In the government system, Finland’s government system is the Unitary parliamentary republic. Finland’s president’s name is Sauli Ninisto. Its prime minister’s name is Sanna Marin. Its total area is 338,455 km2.

Its total area rank is 65th in the world. Finland’s total population is 5,536,200 in the year 2020. Its population rank is 116th in the world.

Its population density is 16 / km2 which is the very low population density in the world. Its population density rank is 212th in the world. 

Finland Economy

Finland’s currency name is Euro. Finland’s economy is generally called the Developed or Advanced economy and also the High-income economy.

The inflation rate in Finland is 0.7% in the year 2020. 16% of its population lived below the poverty line. Its HDI rate is 0.938 which is considered the highest in the world. Its HDI rank is 11th in the world.

The unemployment rate in Finland is 7.8% in the year 2020. Its gross external debt is $150 billion in the year 2016. Its total foreign reserves are $10 billion in the year 2017. 

Finland GDP

Its total GDP is $303 billion (nominal) and $290 billion (PPP) in the year 2021. Its GDP rank is 42nd (nominal) and 57th (PPP) in the year 2021.

Its GDP growth is 3.5% in the year 2021. Its GDP per capita is $54,800 (nominal) and $52,170 (PPP) in the year 2021. Its GDP per capita rank is 14th (nominal) and 19th (PPP) in the year 2020.

When we talk about its GDP by sector, so agriculture by 2.7%, industry by 28%, and services are 70% in the year 2017. 

Finland Exports

Finland’s total exports are $76 billion in the year 2017. Its main export goods are Electrical, machinery, transport, chemicals and others. Its main export partners are Germany, Sweden, the United States, China, Russia, and others.

Finland Imports

Its total imports are $65 billion in the year 2017. Its main import goods are food products, petroleum, chemicals, machinery, steel, textile, and others. Its main import partners are Germany, Russia, Netherlands, France, and others.

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