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Finland, officially the Republic of Finland, is a Nordic country located in Northern Europe. Finland has a population of approximately 5.5 million, making it the 25th-most populous country in Europe.
The economy of Finland has a per capita output equal to that of other European economies such as those of France, Germany, Belgium, or the UK. The largest sector of the economy is the service sector at 66% of GDP, followed by manufacturing and refining at 31%. Primary production represents 2.9%. With respect to foreign trade, the key economic sector is manufacturing. The largest industries in 2007 were electronics (22%); machinery, vehicles, and other engineered metal products (21.1%); forest industry (13%); and chemicals (11%). The gross domestic product peaked in 2008. As of 2015, the country's economy is at the 2006 level.
Finland has significant timber, mineral (iron, chromium, copper, nickel, and gold), and freshwater resources. Forestry, paper factories, and the agricultural sector (on which taxpayers spend around €3 billion annually) are important for rural residents so any policy changes affecting these sectors are politically sensitive for politicians dependent on rural votes. The Greater Helsinki area generates around one third of Finland's GDP. In a 2004 OECD comparison, high-technology manufacturing in Finland ranked second largest after Ireland. Knowledge-intensive services have also resulted in the smallest and slow-growth sectors – especially agriculture and low-technology manufacturing – being ranked the second largest after Ireland.
In 2013, the 10 largest private sector employers in Finland were Itella, Nokia, OP-Pohjola, ISS, VR, Kesko, UPM-Kymmene, YIT, Metso, and Nordea.
Managing Director Scandinavia & Finland
Mobile: +46 8 59115175
Sales Director Scandinavia & Finland
Mobile: +46 31799 2805
Juha-Matti AALTONEN |
Mobile: +358 40 5283543