ECONOMIC INFORMATION
Population: 5.2m
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Population growth: 0.21%
Population density (people per sq. km): 17
UN Human Development Index ranking: 13/177
Gross national income (current US$): $140.8bn (2003)
Gross national income per capita: $27,020
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PPP Gross national income: $141.2bn
PPP Gross national income per capita: $27,100
GDP growth: 1.7% (2003)
GDP breakdown Agriculture: 3.4%, Industry: 32.6%, Services: 64.0%
Inflation (12-month average): 0.5 (2003)
Gross capital formation as % of GDP: 19.6%
Final consumption expenditure as % of GDP (growth): 72.4% (1.6%)
Exports of goods & services as % of GDP: 38.2%
Top 3 export markets: Germany, US, UK
Local industries: Metal products, electronics, shipbuilding, pulp & paper, copper refining, foodstuffs, chemicals, textiles, clothing
WEF Growth Competitiveness ranking *: 1/104
WEF Business Competitiveness ranking **: 2/103
WEF Quality of the Business Environment ranking: 1/103
Transparency International Corruption Perceptions ranking: 1/145
Languages : Finnish and Swedish (official)
FDI INFORMATION
Region: Scandinavia
No. of projects (Jan-Sep 2004): 57
Market-share of projects in the region: 9.2%
Value of projects relative to GDP : 3.5%
Top 3 destination sectors: Consumer products, chemicals, IT & software
Top 3 business functions: Retail, sales, marketing & support, manufacturing
Top 3 source countries: Sweden, US, UK
Top 3 investors: Linde, BASF, Imerys
IPA
Name: Invest in Finland
Web address: www.investinfinland.fi
* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently
** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth
*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations