ECONOMIC INFORMATION
Population - 5.2m
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Population growth - 0.15%
GDP (current US$) - $130.80bn (2002)
GDP per capita - $25,158
GDP per capita on a purchasing price parity basis - $26,275
GDP growth - 1.63% (2002)
Industrial production growth - 5%
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Inflation (12-month average) - 1.3% (2002)
Exports of goods and services as % of GDP - 40.4%
Top 3 export markets - Germany, US, UK
Local currency (change vs. US$ Jan 1-Nov 26, 2003) - Euro (11.8%)
WEF Growth Competitiveness ranking * - 1/102
WEF Business Competitiveness ranking ** - 1/95
Local industries - Metal products, electronics, shipbuilding, pulp and paper, copper refining, foodstuffs, chemicals, textiles, clothing
Languages - Finnish and Swedish
GOVERNANCE
World Bank Governance Matters III ***
Political stability - 1.63
Government effectiveness - 2.01
Regulatory quality - 1.93
Rule of law - 1.99
Control of corruption - 2.39
Economic Freedom ranking - 11/165
UN Human Development Index ranking - 14/175
FDI INFORMATION
Region - Scandinavia
No.of projects (Jan-Sep 2003) - 38
Market-share of projects in the region - 8.6%
Value of projects relative to GNP - 29.9%
Top 3 destination sectors - Consumer Products, IT & Software, Chemicals
Top 3 source countries - Sweden, Germany, USA
Top 3 investors - IKEA, BASF, Honeywell
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 score given is a deviation from the global mean score of zero. Ranged between –2.5 and +2.5, the higher the score, the better the performance