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Finland

Suomen tasavalta (Finnish)/ Republiken Finland (Swedish)

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated

revenues

$126.337 billion (2023 est.)

expenditures

$131.978 billion (2023 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$129.389 billion (2022 est.)

Exports 2023

$127.098 billion (2023 est.)

Exports 2024

$124.531 billion (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$135.119 billion (2022 est.)

Imports 2023

$126.175 billion (2023 est.)

Imports 2024

$122.644 billion (2024 est.)

Industries

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

Labor force

2.898 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

note

note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions

Public debt 2017

61.3% of GDP (2017 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2022

0.2% of GDP (2022 est.)

Remittances 2023

0.3% of GDP (2023 est.)

Remittances 2024

0.2% of GDP (2024 est.)

Exchange rates

Currency

euros (EUR) per US dollar -

Exchange rates 2020

0.876 (2020 est.)

Exchange rates 2021

0.845 (2021 est.)

Exchange rates 2022

0.95 (2022 est.)

Exchange rates 2023

0.925 (2023 est.)

Exchange rates 2024

0.924 (2024 est.)

Economic overview

high-income, export-based EU and eurozone economy; major timber, metals, engineering, telecom, and electronics industries; emerging from recession triggered by inflation, weak consumer and export demand, and lower private investment; labor market reform plan to address structural rigidities

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

6.8% (2022 est.)

Unemployment rate 2023

7.2% (2023 est.)

Unemployment rate 2024

8.3% (2024 est.)

Exports - partners

USA 11%, Germany 11%, Sweden 10%, Netherlands 7%, China 5% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

Germany 14%, Sweden 12%, China 9%, Norway 8%, Netherlands 5% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$57,100 (2022 est.)

Real GDP per capita 2023

$56,200 (2023 est.)

Real GDP per capita 2024

$55,600 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

0.8% (2022 est.)

Real GDP growth rate 2023

-0.9% (2023 est.)

Real GDP growth rate 2024

-0.2% (2024 est.)

Agricultural products

milk, barley, oats, wheat, potatoes, sugar beets, pork, chicken, peas, rye (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

paper, refined petroleum, steel, wood pulp, ships (2023)

note: top five export commodities based on value in dollars

Imports - commodities

crude petroleum, cars, refined petroleum, packaged medicine, broadcasting equipment (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2022

-$7.026 billion (2022 est.)

Current account balance 2023

-$1.58 billion (2023 est.)

Current account balance 2024

$930.393 million (2024 est.)

Taxes and other revenues

25.4% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$299.836 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

53.4% (2023 est.)

government consumption

25.6% (2023 est.)

investment in inventories

-0.4% (2023 est.)

investment in fixed capital

23.4% (2023 est.)

exports of goods and services

43.1% (2023 est.)

imports of goods and services

-42.8% (2023 est.)

Population below poverty line

12.2% (2022 est.)

note: % of population with income below national poverty line

Average household expenditures

on food

12.3% of household expenditures (2023 est.)

on alcohol and tobacco

4.4% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

7.1% (2022 est.)

Inflation rate (consumer prices) 2023

6.3% (2023 est.)

Inflation rate (consumer prices) 2024

1.6% (2024 est.)

Industrial production growth rate

-2.2% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$317.078 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$314.075 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$313.591 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

20% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

19.2% (2024 est.)

female

18.3% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$16.036 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$16.929 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$17.993 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

22.1% (2024 est.)

services

62.9% (2024 est.)

agriculture

2.5% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

3.8% (2022 est.)

highest 10%

23.1% (2022 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2022

27.9 (2022 est.)