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In 2018 Finland was the number 41 economy in the world in terms of GDP (current US$), the number 42 in total exports, the number 44 in total imports, and the number 10 most complex economy according to the Economic Complexity Index (ECI). Currency: EURO GDP Per Capita: 48,685.9 USD (2019) GDP Growth Rate: 1.0%annual change (2019) Gross Domestic Product: 271,826.20 million (2019) GNI Per Capita: 49,720 PPP dollars (2018)


Foreign Trade

In 2018, Finland exported $76.8B and imported $75B, resulting in a positive trade balance of $1.74B. In 2018, Finland’s exports per capita were $13.9k and its imports per capita were $13.6k. The top exports of Finland are Refined Petroleum ($6.07B), Kaolin Coated Paper ($5.13B), Cars ($3.97B), Sulfate Chemical Woodpulp ($2.87B), and Large Flat-Rolled Stainless Steel ($2.81B). The top imports of Finland are Crude Petroleum ($6.33B), Cars ($3.42B), Refined Petroleum ($2.92B), Vehicle Parts ($1.77B), and Broadcasting Equipment ($1.65B). Finland exports mostly to Germany ($11.1B), Sweden ($7.46B), United States ($5.93B), Netherlands ($5.03B), and China ($4.21B), and imports mostly from Germany ($12.4B), Russia ($10.3B), Sweden ($9.41B), Netherlands ($4.75B), and China ($4.44B).

Finances with European Union

Breakdown of Finland’s finances with the EU: Total EU spending in Finland: 1.478 billion Total EU spending as %of Finnish gross national income (GNI): 0.63% Total Finnish contribution to the EU budget: 2.018 billion Finnish contribution to the EU budget as % of its GNI: 0.87%