Finnvera Business Review
Finland - An Export Oriented Economy
A Nordic country rated Aa1 (stable outlook) by Moody's, AA+ (stable outlook)
by Standard & Poor's and AA+ (stable outlook) by Fitch Ratings
Almost 40 percent of Finland's economy is based on foreign trade
Exports by Regions
2019
-
Finland Main Economic Indicators
2017
2018
2019 2020F 2021F
7%
8%
■Euro zone
GDP at market prices, change
3.1
1.6
0.9
-6.0
2.5
in volume, %
39%
13%
Other EU countries
■Rest of Europe
■ Asia
Employment rate, %
69.6
71.7
72.5
70.8
70.7
Unemployment rate, %
8.6
7.4
6.7
8.5
9.0
■North America
13%
■Other countries
General government net
-0.7
-0.9
-1.1
-8.2
-5.1
21%
lending, % of GDP
General government gross
61.3
59.6
59.4
71.3
73.5
Source: Finnish Customs
debt, % of GDP
Source: Ministry of Finance: Economic Survey, published in June 2020
18
FINNVERAView entire presentation