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UNTSO, UPU, WEU (observer), WFTU, WHO, WIPO, WMO, WToO, WTrO, ZC Diplomatic representation in the US: chief of mission: Ambassador Jaakko Tapani LAAJAVA chancery: 3301 Massachusetts Avenue NW, Washington, DC 20008 telephone: (202) 298-5800 FAX: (202) 298-6030 consulate(s) general: Los Angeles and New York Diplomatic representation from the US: chief of mission: Ambassador Eric EDELMAN embassy: Itainen Puistotie 14A, FIN-00140, Helsinki mailing address: APO AE 09723 telephone: (9) 171931 FAX: (9) 174681 Flag description: white with a blue cross that extends to the edges of the flag; the vertical part of the cross is shifted to the hoist side in the style of the Dannebrog (Danish flag) @Finland:Economy Economy - overview: Finland has a highly industrialized, largely free-market economy, with per 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, with exports equaling more than one-third of GDP. 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. The economy has come back from the recession of 1990-92, which had been caused by economic overheating, depressed foreign markets, and the dismantling of the barter system between Finland and the former Soviet Union. 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 2000 will probably be at the same level as in 1999, enough to continue the decline in unemployment from its current high level. GDP: purchasing power parity - $108.6 billion (1999 est.) GDP - real growth rate: 3.5% (1999 est.) GDP - per capita: purchasing power parity - $21,000 (1999 est.) GDP - composition by sector: agriculture: 5% industry: 32% services: 63% (1997) 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): 1% (1999 est.) Labor force:
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