IMF...........................................WB.............................................CIA
rank/measure...........................rank/measure...................................rank/measure
9/46,856...............................8/46,515.........................................10,46,769
 | |
| Rank | 54 |
|---|---|
| Currency | Euro (EUR) |
| Fiscal year | calendar year |
| Trade organisations | European Union World Trade Organization (WTO) Organisation for Economic Co-operation and Development (OECD) others |
| Statistics | |
| GDP | $247.2 billion (2012 est.) |
| GDP growth | -1.0% (2012 est.) [1] |
| GDP per capita | $36,700 (2011 est.) (PPP) |
| GDP by sector | agriculture: 2.6%; industry: 29.1%; services: 68.2% (2010 est.) |
| Inflation (CPI) | 3.3% (2011 est.) |
| Population below poverty line | 17.9% at risk of poverty or social exclusion[2] |
| Gini coefficient | 28.2 (2010)[3] |
| Labour force | 2,818 million (2011))[4] |
| Labour force by occupation | agriculture and forestry 4.5%, industry 18.3%, construction 7.3%, commerce 16%, finance, insurance, and business services 14.5%, transport and communications 7%, public services 32.4% (2008) |
| Unemployment | 7.3% (2012 est.)[5] |
| Average gross salary | 3,463 € / 4,675 $, monthly (2006)[6] |
| Average net salary | 2,043 € / 2,758 $, monthly (2006)[6] |
| Main industries | metals and metal products, electronics, machinery and scientific instruments, shipbuilding, pulp and paper, foodstuffs, chemicals, textiles, clothing |
| Ease of doing business rank | |
Finland has a highly industrialised, mixed economy with a per capita output equal to that of other western economies such as France, Germany, Sweden or theUnited Kingdom. The largest sector of the economy isservices at 65.7 percent, followed by manufacturing and refining at 31.4 percent. Primary production is 2.9 percent.
With respect to foreign trade, the key economic sector is manufacturing. The largest industries areelectronics (21.6 percent), machinery, vehicles and other engineered metal products (21.1 percent), forest industry (13.1 percent), and chemicals (10.9 percent). Finland has timber and several mineral and freshwater resources. Forestry, paper factories, and the agricultural sector (on which taxpayers spend around 2 billion euro annually) are politically sensitive to rural residents. TheGreater Helsinki area generates around a third ofGDP.
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. Investment was below expected. Overall short-term outlook was good and GDP growth has been above many EU peers. Finland has the 4th largest knowledge economy in Europe, behind Sweden, Denmark and the UK.
Finland is highly integrated in the global economy, and international trade is a third of GDP. The European Union makes 60 percent of the total trade. The largest trade flows are with Germany, Russia, Sweden, the United Kingdom, the United States, Netherlands and China. Trade policy is managed by the European Union, where Finland has traditionally been among the free trade supporters, except for agriculture. Finland is the only Nordic country to have joined the Eurozone;Denmark and Sweden have retained their traditional currencies, whereas Iceland and Norway are not members of the EU at all..
