
Nordics’ NATO Bid Means Short-Term Pain For Long-Term Gain
Finland's and Sweden's joint application for NATO membership entails serious economic changes.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Finland economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Finland best banks and safest banks are also available.
The altered relationship with Moscow is certain to hurt Finland the hardest.
USD 10.3 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
USD 275.3 billion (2018, estimate)
Intl$ 256.5 billion (2018, estimate)
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
5.2% | 0.7% | -8.3% | 3% | 2.6% | -1.4% | -0.8% |
2014 | 2015 | 2016 | 2017* | 2018* | ||
-0.6% | 0.1% | 2.5% | 2.8% | 2.4% |
*Estimate
USD 49,845.0 (2018, estimate)
1980 | 1990 | 2000 | 2010 | 2019* |
0.36% | 0.35% | 0.29% | 0.24% | 0.19% |
*Estimate
(2016 estimate)
2.8% (2017)
OECD, data retrieved October 2019
2015 | 2016 | 2017 | 2018* | 2019* |
-0.2% | 0.4% | 0.8% | 1.2% | 1.2% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
9.4% | 8.8% | 8.6% | 7.4% | 6.5% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
63.4% | 63% | 61.3% | 59.3% | 58.9% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
-2.8% | -1.7% | -0.8% | -0.7% | -0.7% |
*Estimate
Standard & Poor's: AA+
Moody's: Aa1
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
N/A | N/A | N/A |
Sampo, Nokia, UPM-Kymmene, Neste, Fortum, Kone, Stora Enso, Wärtsilä, Kesko
-1.6 % (2018 estimate)
39.2% (2018)
0.39% (2018)
0.56% (2018)
Electrical and optical equipment, machinery, transport equipment, paper and pulp, chemicals, basic metals; timber
Foodstuffs, petroleum and petroleum products, chemicals, transport equipment, iron and steel, machinery, computers, electronic industry products, textile yarn and fabrics, grains
Germany 14.2%, Sweden 10.1%, US 7%, Netherlands 6.8%, China 5.7%, Russia 5.7%, UK 4.5% (2017)
Germany 17.7%, Sweden 15.8%, Russia 13.1%, Netherlands 8.7% (2017)
2016 | 2017 | 2018 |
USD 9,250 million | USD -610 million | USD 1,225 million |
2016 | 2017 | 2018 |
USD 26,080 million | USD -320 million | USD 10,961 million |
2015 | 2016 | 2017 | 2018 |
USD -7,764 million | USD 15,127 million | USD 1,488 million | USD 6,498 million |
N/A
N/A
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
20 out of 190 countries
Subcategories:
Starting a Business: 31 out of 190 countries
Dealing with Construction Permits: 42 out of 190 countries
Getting Electricity: 24 out of 190 countries
Registering Property: 34 out of 190 countries
Getting Credit: 80 out of 190 countries
Protecting Minority Investors: 61 out of 190 countries
Paying Taxes: 10 out of 190 countries
Trading across Borders: 37 out of 190 countries
Enforcing Contracts: 45 out of 190 countries
Resolving Insolvency: 1 out of 190 countries
11 out of 141 countries
(2019)
Ranking: 20 / Score: 74.9 (Mostly free) (2019)
(100=totally free 0=totally repressed)
Finnish (official) 87.6%, Swedish (official) 5.2%, Russian 1.4%, other 5.8% (2018 est.)
Lutheran 69.8%, Greek Orthodox 1.1%, other 1.7%, unspecified 27.4% (2018 est.)
1990 | 2000 | 2010 | 2015 | 2020* |
4.97 million | 5.17 million | 5.35 million | 5.47 million | 5.53 million |
*Estimate
1960 | 1980 | 2000 | 2018 |
55.3% | 71.7% | 82.2% | 85.4% |
0% (last available estimate, 2015)
27.1 (last available estimate, 2015)
(0=perfect equality, 100=absolute inequality)
Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 5.8%
Mobile: 132.2%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)