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Economy of Finland

Population: 5.4 million in 20131

GDP: $257 billion in 20132

GDP per capita: $49,147 nominal3 ($38,251 PPP4) in 2013

GDP growth rate: -1.2% in 20135


GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities10847.6%
Wholesale, retail trade, restaurants and hotels3013.3%
Transport, storage and communication209.1%
Mining and utilities83.6%
Agriculture, hunting, forestry, fishing72.9%
Total value added226100%


Unemployment rate: 10.4% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Human health and social work39916.3%
Wholesale trade, retail trade and repair of motor vehicles29612.1%
Professional, scientific and technical1646.7%
Transportation and storage1425.8%
Public administration and defence1114.5%
Agriculture, forestry and fishing1014.1%
Information and communication1004.1%
Administrative and support service963.9%
Accommodation and food service863.5%
Other service733.0%
Arts, entertainment and recreation622.5%
Finance and insurance492.0%
Real estate230.9%
Electricity, gas, steam and air conditioning140.6%
Water supply, sewerage and waste management130.5%
Not elsewhere classified100.4%
Activities of households as employers80.3%
Mining and quarrying60.3%
Extraterritorial organizations and bodies10.0%
Total employment2,457100%


Top 1 Corporation by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1Nokia14-0.728Telecommunication equipment

* Corporate data calculated using the exchange rate .889 EUR = 1 USD


Household Wealth: $827 billion (312% of GDP) in 201410

Household Wealth per Adult: $196,621 in 201410

Gini Coefficient: .278 in 201011


Central Government

Central Government Revenue: $139 billion (54% of GDP) in 201412

Central Government Expenditure: $145 billion (56% of GDP) in 201412

Central Government Budget Balance: -$6 billion (-2% of GDP) in 201412

Central Government Public Debt: $118 billion (46% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 0.40% on Jan 26, 201514

* Public debt calculated using the exchange rate 0.889 EUR = 1 USD

Government Funds

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 20% in 201416

* Individual thresholds calculated using the exchange rate .889 EUR = 1 USD

Monetary Policy

Money Supply (Euro area, M1): $6.53 trillion in Nov 2014* 17

Benchmark Interest Rate (Euro area): 0.05% in Sept 201418

Total Reserves: $11 billion (4% of GDP) in 201319

Exchange Rate: .889 Euros = 1 U.S. Dollar on Jan 26, 201520

Inflation: 1.5% in 201321

* Money supply calculated using the exchange rate .889 EUR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $76 billion (30% of GDP) in 201323

Imports: $71 billion(28% of GDP) in 201323

Trade Balance: -$5 billion (+2% of GDP) in 201323

Foreign Direct Investment Inflow: -$1 billion (0% of GDP) in 201324

Foreign Direct Investment Outflow: $4 billion (2% of GDP) in 201324

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $1.4 billion(0.5% of GDP)in 201325


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: OECD Stats, National Accounts, Quarterly Public Sector Debt (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: OECD Stats, Public Sector, Taxation, Tax Database (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: ECB Monetary developments (Money supply) Go back
18. Source: ECB Key interest rates (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: OECD FDI in Figures (FDI data) Go back
25. Source: Global Humanitarian Assistance (Aid data) Go back