Attribute | Value |
---|---|
Geography | |
Area | 338,145 km² |
Continent | Europe |
Land area | 303,815 km² |
Water area | 34,330 km² |
Land boundaries | 2,563 km |
Border countries |
|
Coastline | 1,250 km |
Mean elevation | 164 m |
Lowest point | 0 m |
Highest point | 1,328 m |
People | |
Population | 5,571,665 |
Official languages |
|
Religion | Lutheran |
Government | |
Long country name | Republic of Finland |
Short country name | Finland |
Long local name | Suomen tasavalta/Republiken Finland |
Short local name | Suomi/Finland |
Former name | Add |
Government type | Parliamentary republic |
Capital | Helsinki |
Economy | |
GDP (PPP) | 244,900,000,000 USD |
GDP (OER) | 252,800,000,000 USD |
GDP (real growth rate) | 2.8 % |
GDP - per capita (PPP) | 44,500 USD |
Gross national saving | 23.3 % of GDP |
Labor force | 2,473,000 |
Unemployment rate | 8.5 % |
Population below poverty line | Add |
Budget revenues | 134,200,000,000 USD |
Budget expenditures | 135,600,000,000 USD |
Military expenditures | 1.29 % of GDP |
Taxes and other revenues | 53.1 % of GDP |
Budget surplus or deficit | -0.6 % of GDP |
Public debt | 61.3 % of GDP |
Inflation rate | 0.8 % |
Central bank discount rate | 1.25 % |
Commercial bank prime lending rate | 1.61 % |
Stock of narrow money | 152,600,000,000 USD |
Stock of broad money | 152,600,000,000 USD |
Stock of domestic credit | 323,900,000,000 USD |
Market value of publicly traded shares | 231,000,000,000 USD |
Current account balance | 1,806,000,000 USD |
Exports | 67,730,000,000 USD |
Imports | 65,260,000,000 USD |
Reserves of foreign exchange and gold | 10,510,000,000 USD |
External debt | 150,600,000,000 USD |
National currency | euros |
National currency (code) | EUR |
National currency (symbol) | € |
National currency rate to USD | 0.885 |
Finland was a province and then a grand duchy under Sweden from the 12th to the 19th centuries, and an autonomous grand duchy of Russia after 1809. It gained complete independence in 1917. During World War II, Finland successfully defended its independence through cooperation with Germany and resisted subsequent invasions by the Soviet Union - albeit with some loss of territory. In the subsequent half century, Finland transformed from a farm/forest economy to a diversified modern industrial economy; per capita income is among the highest in Western Europe. A member of the EU since 1995, Finland was the only Nordic state to join the euro single currency at its initiation in January 1999. In the 21st century, the key features of Finland's modern welfare state are high quality education, promotion of equality, and a national social welfare system - currently challenged by an aging population and the fluctuations of an export-driven economy.