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Finland Economy
GDP:
purchasing power parity - $142.2 billion (2003 est.)
GDP - real growth rate:
1.9% (2003 est.)
GDP - per capita:
purchasing power parity - $27,400 (2003 est.)
GDP - composition by sector:
agriculture: 4.3%
industry: 32.7%
services: 62.9% (2003 est.)
Investment (gross fixed):
18% of GDP (2003)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: 4.2%
highest 10%: 21.6% (1991)
Distribution of family income - Gini index:
25.6 (1991)
Inflation rate (consumer prices):
0.9% (2003 est.)
Labor force:
2.599 million (2003 est.)
Labor force - by occupation:
agriculture and forestry 8%, industry 22%, construction 6%, commerce 14%, finance, insurance, and business services 10%, transport and communications 8%, public services 32%
Unemployment rate:
9% (2003 est.)
Budget:
revenues: $87.03 billion
expenditures: $81.62 billion, including capital expenditures of NA (2003 est.)
Public debt:
48.7% of GDP (2003)
Industries:
metal products, electronics, shipbuilding, pulp and paper, copper refining, foodstuffs, chemicals, textiles, clothing
Industrial production growth rate:
0.8% (2003 est.)
Electricity - production:
71.2 billion kWh (2001)
Electricity - production by source:
fossil fuel: 39%
hydro: 18.7%
other: 11.8% (2001)
nuclear: 30.4%
Electricity - consumption:
76.18 billion kWh (2001)
Electricity - exports:
1.81 billion kWh (2001)
Electricity - imports:
11.77 billion kWh (2001)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
211,400 bbl/day (2001 est.)
Oil - exports:
101,000 bbl/day (2001)
Oil - imports:
318,300 bbl/day (2001)
Natural gas - production:
0 cu m (2001 est.)
Natural gas - consumption:
4.557 billion cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
4.567 billion cu m (2001 est.)
Agriculture - products:
barley, wheat, sugar beets, potatoes; dairy cattle; fish
Current account balance:
$10.3 billion (2003)
Exports:
$54.28 billion f.o.b. (2003 est.)
Exports - commodities:
machinery and equipment, chemicals, metals; timber, paper, pulp (1999)
Exports - partners:
Germany 11.8%, Sweden 9.9%, US 8.2%, UK 8%, Russia 7.5%, Netherlands 4.8% (2003 est.)
Imports:
$37.35 billion f.o.b. (2003 est.)
Imports - commodities:
foodstuffs, petroleum and petroleum products, chemicals, transport equipment, iron and steel, machinery, textile yarn and fabrics, grains (1999)
Imports - partners:
Germany 16.2%, Sweden 14.1%, Russia 11.7%, Netherlands 6.3%, Denmark 5.7%, UK 5.3%, France 4.3% (2003 est.)
Reserves of foreign exchange & gold:
$11.17 billion (2003)
Debt - external:
$30 billion (December 1993)
Economic aid - donor:
ODA, $379 million (2001)
Currency:
euro (EUR)
note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries
Currency code:
EUR
Exchange rates:
euros per US dollar - 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999)
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