Economy of Finland

Imports

Imports commoditiesfoodstuffs, petroleum and petroleum products, chemicals, transport equipment, iron and steel, machinery, computers, electronic industry products, textile yarn and fabrics, grains

Import partnersRussia 17.7%, Sweden 14.8%, Germany 13.9%, Netherlands 8.1%, China 4.4% (2012)

Exports

Exports commoditieselectrical and optical equipment, machinery, transport equipment, paper and pulp, chemicals, basic metals; timber

Export partnersSweden 11.1%, Russia 9.9%, Germany 9.3%, Netherlands 6.3%, US 6.2%, UK 5.1%, China 4.6% (2012)

Economy sectors

Agriculture productsbarley, wheat, sugar beets, potatoes; dairy cattle; fish

Industrial productsmetals and metal products, electronics, machinery and scientific instruments, shipbuilding, pulp and paper, foodstuffs, chemicals, textiles, clothing

Economy

Unemployment Rate (not seasonally adjusted)7.90 % (2013-11)7.40 % (2013-10)7.60 % (2013-09)7.10 % (2013-08)6.60 % (2013-07)7.80 % (2013-06)

Unemployment Rate (not seasonally adjusted) of Finland

Unemployment Rate (seasonally adjusted)8.50 % (2014-05)8.50 % (2014-04)8.40 % (2014-03)8.40 % (2014-02)8.30 % (2014-01)8.30 % (2013-12)8.30 % (2013-11)8.30 % (2013-10)8.20 % (2013-09)8.10 % (2013-08)8.00 % (2013-07)8.00 % (2013-06)

Unemployment Rate (seasonally adjusted) of Finland

Reserves of foreign exchange and gold10.6 Billion $ (2013)11.1 Billion $ (2012)10.4 Billion $ (2011)

Reserves of foreign exchange and gold of Finland

Harmonized Indices of Consumer Prices1.00 Percentage change m/m-12 (2014-05)1.30 Percentage change m/m-12 (2014-04)1.30 Percentage change m/m-12 (2014-03)1.60 Percentage change m/m-12 (2014-02)1.90 Percentage change m/m-12 (2014-01)1.90 Percentage change m/m-12 (2013-12)1.80 Percentage change m/m-12 (2013-11)1.70 Percentage change m/m-12 (2013-10)1.80 Percentage change m/m-12 (2013-09)2.00 Percentage change m/m-12 (2013-08)2.50 Percentage change m/m-12 (2013-07)

Harmonized Indices of Consumer Prices of Finland

Inflation2.20 % (2013)3.20 % (2012)3.30 % (2011)

Unemployment8.10 % (2013)7.80 % (2012)7.80 % (2011)

GDP - Official Exchange Rate260 Billion $ (2013)244 Billion $ (2012)262 Billion $ (2011)

GDP growth rate-0.60 % (2013)-0.80 % (2012)2.70 % (2011)

GDP per Capita (PPP)35,900 $ (2013)35,800 $ (2012)36,600 $ (2011)

GDP - Purchasing Power Parity196 Billion $ (2013)194 Billion $ (2012)198 Billion $ (2011)

GDP - Purchasing Power Parity of Finland

GDP PPP per land area578 Thousand $ per square kilometer (2013)574 Thousand $ per square kilometer (2012)584 Thousand $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity16.7 Million kW

Banking

Central bank discount rate0.75 % (2013)1.50 % (2012)1.75 % (2010)

Commercial bank prime lending rate2.00 % (2013)2.06 % (2012)2.68 % (2011)

Commercial bank prime lending rate of Finland

GDP decomposition by sector

Agriculture % of GDP2.90 % (2013)2.80 % (2012)

Industry % of GDP25.1 % (2013)25.9 % (2012)

Services % of GDP71.9 % (2013)71.2 % (2012)

Tourism

International tourism, number of arrivals4.23 Million (2012)4.19 Million (2011)3.67 Million (2010)

International tourism, number of departures9.06 Million (2012)7.27 Million (2011)6.63 Million (2010)

International tourism, number of departures of Finland

Yearly Tourist arrivals to residents ratio80.3 % (2012)79.7 % (2011)68.4 % (2010)

Yearly Tourist arrivals to residents ratio of Finland

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)56.5 % of GDP (2013)53.1 % of GDP (2012)49.2 % of GDP (2011)

Public debt (Percentage of GDP) of Finland

Budget surplus (+) or deficit (-)-2.30 % of GDP

Current Account Balance (Percentage of GDP)-1.50 % of GDP (2012)-0.64 % of GDP (2011)2.51 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Finland

Current Account Balance (Total)-2.00 Billion $ (2013)-3.68 Billion $ (2012)-1.86 Billion $ (2011)

Current Account Balance (Total) of Finland

External Debt (Total)587 Billion $ (2012)577 Billion $ (2011)371 Billion $ (2010)

External Debt (Percentage of GDP)240 % of GDP (2012)220 % of GDP (2011)155 % of GDP (2010)

External Debt (Percentage of GDP) of Finland

External Debt per Capita112 Thousand $ (2012)110 Thousand $ (2011)69,136 $ (2010)