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Population |
5,238,460 (July 2007 est.) |
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GDP (purchasing power parity) |
$175.2 billion (2006 est.) |
|
GDP - real growth rate |
4.9% (2006 est.) |
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GDP - per capita (PPP) |
$33,500 (Rank 21 - 2006 est.) |
|
Labor force |
2.65 million (2006 est.) |
|
Household income or consumption by % share |
lowest 10%: 4.2%
highest 10%: 21.6% (1991) |
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source: CIA-WFB |
econsultants
Business Center Parlamentti
Mannerheimintie 44A
Helsinki 00260
finland@econsults.org |
|
Economy - overview:
Finland has a highly industrialized, largely free-market economy with per capita output roughly that of the UK, France, Germany, and Italy. Its key economic sector is manufacturing - principally the wood, metals, engineering, telecommunications, and electronics industries. Trade is important; exports equal two-fifths of GDP. Finland excels in high-tech exports, e.g., mobile phones. 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. High unemployment remains a persistent problem.
Leading Commercial Sectors
Franchising
Computers and Peripherals
Computer Software
Telecommunication Services and Equipment
Environmental Technologies
Medical Equipment
Travel and Tourism Services
Energy
Biotechnology
Safety and Security |
