Distribution of selected EMTN issues
Finland - An Export Oriented Economy
A Nordic country rated 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
2020
Finland - Main Economic Indicators
2019
2020 2021F 2022F 2023F
6%
9%
■Euro zone
GDP at market prices, change
in volume, %
1.3
-2.9
3.3
2.9
1.4
38%
14%
Other EU countries
■Rest of Europe
■ Asia
Employment rate, %
71.6
70.7
72.4
73.6
74.1
Unemployment rate, %
6.7
7.7
7.8
6.8
6.4
■North America
16%
■Other countries
General government net
-0.9
-5.4
-3.9
-2.4
-1.5
17%
lending, % of GDP
General government gross
59.5
69.5
71.2
71.3
72.2
debt, % of GDP
Source: Finnish Customs
Source: Ministry of Finance: Economic Survey, published in September 2021
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