Country Sheet : Finland

Information file

Last Update on 2nd December 2024

FINLAND

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In English - version of 2nd December 2024

Geography

Area : 338,145 km²

Borders : 2,654 km (Norway 727 km, Sweden 614 km, Russia 1,340 km)

Coastline : 1,250 km

Capital : Helsinki

Official language : Finnish, Swedish

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Population

Population : 5,602,800 (January 2024)

Crude natural change rate : -2.9‰ (2023)

Population repartition: 15.1% under 15 years old, 17.4% over 65 years old (est. 2023)

Foreign residents: 1.7% EU nationals, 2.9% non-EU nationals (2019)

Crude net migration rate: 2.3‰ (2023 est.)

First time asylum applicants: 5,335 (2023)

Life expectancy: men 79.08 years, women 84.98 years (2023 est.)

Religions: Lutheran 66.6%, Greek Orthodox 1.1%, other 1.7%, none 30.6% (est. 2021)

Ethnic groups: Finnish 87.6%, Swedish 5.2%, Russian 1.4%, others 5.8% (2018 est.)

Source : The CIA World Factbook

Economy

Currency: Euro

GDP: € 274 880 millions (2023)

GDP per capita (PPS): 36,760 € (2023)

GDP growth : -1.2% (2023)

Inflation: 0.8% (September 2024)

Public debt: 77.5% of GDP (Q1 2024)

Unemployment: 8.2% (September 2024)

Public deficit: 77.5% of GDP (Q1 2024)

Stock of foreign direct investment from the entire world: 29% of GDP (2022)

Performance sectors: wood, metals, telecommunications and electronics

Budget balance: -2.7% of GDP (2023)

Source : Eurostat, OECD, Trading Economics

Political system

Republic, parliamentary democracy

Head of State: Alexander Stubb (KOK) since 1st March 2024

Prime Minister: Petteri Orpo (National Coalition Party). He leads a coalition of 4 parties, formed with the Finns Party, the Christian Democrats and the Swedish minority party.

Unicameral parliamentary regime: The Eduskunta (Parliament of Finland) comprises 200 members who are elected for four years by direct universal suffrage