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Includes historical data for Finland’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

A Business-Friendly Environment

A member of the European Union and the Euro area, Finland boasts an exceptional quality of life, a modern and stable democracy, and a world-class investment climate. With excellent infrastructure, a highly skilled and multilingual workforce, and top-notch healthcare, education, and social services, this country of less than 6 million is a leader in the technology, telecommunications, and renewable energy sectors. Furthermore, Finland boasts the lowest corporate tax rate among Nordic countries and the EU as a whole, making it an attractive destination for international companies looking to optimize their tax liabilities.

Despite these strengths, Finland also faces challenges. An aging population, high tax rates, a rigid labor market and bureaucratic hurdles can deter investments and business initiatives. Finland’s vulnerability to international economic conditions, its proximity to Russia, and its banking sector’s dependence on the Danish and Swedish financial systems represent additional concerns.

Macroeconomy & Sovereign Data

Type of Government Parliamentary republic
Capital Helsinki
Sovereign Ratings S&P: AA+
Moody’s: Aa1
Fitch: AA+
Total Population 5.6 million
Median Age 43.0
Adult Per Capita Income (PPP) 61,575.44
Total GDP (2023) 308.1 billion

Finland GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 90.7 billion (2023)
Leading Exports Refined Petroleum
Kaolin-Coated Paper
Stainless Steel
Wood Pulp
Total Imports USD 94.5 billion (2022)
Leading Imports Cars And Vehicle Parts
Crude Petroleum
Refined Petroleum
Broadcasting Equipment
Packaged Medicines
Source: World Integrated Trade Solution

Finland Leading Companies

Nordea Bank Financials
Fortum  Electric Utilities
Sampo  Insurance
Nokia  Technology
Stora Enso  Materials, Paper & Forest Products
Neste  Oil & Gas Exploration & Production
Kesko  Consumer Staples, Food Retail

Major Trade Partners — Import

Germany 15%
Russia 12%
Sweden 11%
China 9%
Netherlands 4%

Source: World Integrated Trade Solution

Major Trade Partners — Export

Germany 13%
Sweden 10%
United 7%
Netherlands 6%
Russia 5%

Source: World Integrated Trade Solution

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000