Finland is a highly industrialised free market economy. Per capita output is among the highest in the EU. Key facts * Currency: the €uro * GDP per capita: $44,500 (2017 est) * Unemployment rate: 7.7% (Aug 2020) * Inflation: 0.2% (Sept 2020)
* Energy sources: Finland derives 25% of its energy from renewable sources against an average of 10% for the rest of the EU. The first new nuclear power plant in Europe for many years was built at Olkiluoto and began operating in 2011. Industries and exports * Service industries account for two-thirds of GDP, manufacturing and refining accounting for most of the rest. The largest industry section is electronics followed at some distance by manufacturing, vehicles and metal products, and forestry. * Of its largest companies mobile telephone supplier Nokia is the best known internationally. * Exports: electrical and optical equipment, machinery, transport equipment, paper and pulp, chemicals, basic metals, timber * 60% of exports is to EU countries, especially Germany, Sweden and the UK. Russia is also a major trading partner. Germany 14.2%, Sweden 10.1%, US 7.0%, Netherlands 6.8% (data from 2017)
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