Finland Economic information

Finland is a country located in Northern Europe. The country's economy is based on a developed free market economic model. Finland is considered one of the most competitive economies in the world. Finland's economy is based on sectors such as high technology, telecommunications, machinery, forest products, metal industry and shipping. World-famous technology companies such as Nokia were founded in Finland and have made a significant contribution to the country's economy. The country's largest foreign trade partners are European Union countries and Russia. Finland is a member of the European Union's internal market and thus can trade freely with European countries. Finland's economic indicators are quite solid. The country's GDP was recorded at approximately $272 billion in 2020. GDP per capita is calculated as approximately 49,500 dollars. The unemployment rate is at very low levels. In 2020, Finland's unemployment rate was recorded as

7.8%. Finland invests highly in social services such as education and healthcare. The social security system in the country is highly developed and citizens are provided with comprehensive social rights. Finland's economic future also looks quite positive. The country aims to transition to an environmentally friendly economy by investing in renewable energy sources. It is also taking important steps in the fields of high technology and digitalization. In this way, Finland will continue to have a competitive economy in the future.