. Because of the climate,
agricultural development is limited to maintaining self-sufficiency
in basic products. Forestry, an important export earner, provides a
secondary occupation for the rural population. Rapidly increasing
integration with Western Europe - Finland was one of the 11
countries joining the euro monetary system (EMU) on 1 January 1999 -
will dominate the economic picture over the next several years.
Growth in 2001 will be bolstered by strong private consumption, yet
may be 1 or 2 points lower than in 2000, largely because of a
weakening in export demand.

GDP: purchasing power parity - $118.3 billion (2000 est.)

GDP - real growth rate: 5.6% (2000 est.)

GDP - per capita: purchasing power parity - $22,900 (2000 est.)

GDP - composition by sector: agriculture: 3.5%

industry: 29%

services: 67.5% (1999)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%:
4.2%

highest 10%: 21.6% (1991)

Inflation rate (consumer prices): 3.4% (2000 est.)

Labor force: 2.6 million (2000 est.)

Labor force - by occupation: public services 32%, industry 22%,
commerce 14%, finance, insurance, and business services 10%,
agriculture and forestry 8%, transport and communications 8%,
construction 6%

Unemployment rate: 9.8% (2000 est.)

Budget: revenues: $36.1 billion

expenditures: $31 billion, including capital expenditures of $NA
(2000 est.)

Industries: metal products, shipbuilding, pulp and paper, copper
refining, foodstuffs, chemicals, textiles, clothing

Industrial production growth rate: 7.5% (2000)

Electricity - production: 75.792 billion kWh (1999)

Electricity - production by source: fossil fuel: 41.88%

hydro: 16.77%

nuclear: 28.82%

other: 12.53% (1999)

Electricity - consumption: 81.611 billion kWh (1999)

Electricity - exports: 232 million kWh (1999)

Electricity - imports: 11.356 billion kWh (1999)

Agriculture - products: cereals, sugar beets, potatoes; dairy
cattle; fish

Exports: $44.4 billion (f.o.b., 2000)

Exports - commodities: machinery and equipment, chemicals, metals;
timber, paper, pulp

Exports - partners: EU 58% (Germany 13%, Sweden 10%, UK 9%, France
5%, Netherlands 4%), US 8%, Russia, Japan (1999)

Imports: $32.7 billion (f.o.b., 2000)

Imports - commodities: foodstuffs, petroleum and petroleum products,
chemicals, transport equipment, iron and steel, machinery, textile
yarn and fabrics, grain