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

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