Economy of Finland

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Finland has a highly developed mixed economy. It has a per capita output similar to that of western European economies such as France, Germany, and the United Kingdom. The largest sector the Finnish economy is its service sector, which contributes 72.7% to the country's gross domestic product (GDP); followed by manufacturing and refining at 31.4%; and the primary sector at 2.9%. Among OECD nations, it has a highly efficient and strong social security system; social expenditure stood at roughly 29% of GDP. Finland's key economic sector is manufacturing. The largest industries are electronics (21.6% - very old data), machinery, vehicles and other engineered metal products (21.1%), forest industry (13.1%), and chemicals (10.9%). Finland has timber and several mineral and freshwater resources. Forestry, paper factories, and the agricultural sector (on which taxpayers spend around 2 billion euro annually) are politically sensitive to rural residents. The Helsinki metropolitan area generates...

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