capita output roughly that of the UK, France, Germany, and
Italy. Its key economic sector is manufacturing - principally the
wood, metals, engineering, telecommunications, and electronics
industries. Trade is important; exports equal nearly two-fifths of
GDP. Finland excels in high-tech exports, e.g., mobile phones.
Except for timber and several minerals, Finland depends on imports
of raw materials, energy, and some components for manufactured
goods. 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. High unemployment remains a persistent problem. In
2007 Russia announced plans to impose high tariffs on raw timber
exported to Finland. The Finnish pulp and paper industry will be
threatened if these duties are put into place in 2008 and 2009, and
the matter is now being handled by the European Union.

GDP (purchasing power parity):

$188.4 billion (2007 est.)

GDP (official exchange rate):

$245 billion (2007 est.)

GDP - real growth rate:

4.5% (2007 est.)

GDP - per capita (PPP):

$36,000 (2007 est.)

GDP - composition by sector:

agriculture: 3.1%
industry: 32.6%
services: 64.3% (2007 est.)

Labor force:

2.675 million (2007 est.)

Labor force - by occupation:

agriculture and forestry 4.4%, industry 18.6%, construction 6%,
commerce 16.3%, finance, insurance, and business services 13.9%,
transport and communications 7.6%, public services 33.2% (2004)

Unemployment rate:

6.9% (2007 est.)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: 4%
highest 10%: 22.6% (2000)

Distribution of family income - Gini index:

26 (2005)

Investment (gross fixed):

20.3% of GDP (2007 est.)

Budget:

revenues: $62.02 billion
expenditures: $58.16 billion (2007)

Fiscal year:

calendar year

Public debt:

35.9% of GDP (2007 est.)

Inflation rate (consumer prices):

2.5% (2007 est.)

Commercial bank prime lending rate:

5.62% (31 December 2007)

Stock of money:

NA
note: see entry for the European Union for money supply in the Euro
Area; the European Central Bank (ECB) controls monetary policy for
the 15 members of the Economic and Monetary Union (EMU); individual
members of the EMU do not control the quantity of money and quasi
money circu