Customs Duty Calculator

Finland – Important Facts

Finland officially the Republic of Finland, is a sovereign state in Europe. A peninsula with the Gulf of Finland to the south and the Gulf of Bothnia to the west, the country has land borders with Sweden to the north west, Norway to the north, and Russia to the east. Estonia is south of the country across the Gulf of Finland. Finland is situated in the geographical region of Fennoscandia, which also includes Scandinavia. Finland’s population is 5.5 million (2014), staying roughly on the same level over the past two decades. The majority of the population is concentrated in the southern region. In terms of area, it is the eighth largest country in Europe and the most sparsely populated country in the European Union.

Finland has a highly industrialised, mixed economy with a per capita output equal to that of other western economies such as France, Germany, Sweden or the United Kingdom. The largest sector of the economy is services at 72.7 percent, followed by manufacturing and refining at 31.4 percent. Primary production is 2.9 percent.

Finland, an EU member since 1995, has redefined itself from a quiet agricultural based economy to a trend setting, global center for technology and design. The country is highly integrated into the global economy with international trade accounting for a third of GDP. Finland’s commercial clout far exceeds its modest population of 5.4 million. Per capita income in Finland is more than $49,000, and Finland’s gross domestic product is about $267 billion (2014). It routinely ranks at the very top of international surveys on education, quality of life, competitiveness and transparency.

Facts: Republic of Finland Capital: Helsinki, Population 5.4 million, Area: 338,145 sq km (130,559 sq miles), Major languages: Finnish and Swedish, Major religion: Christianity, Life expectancy: 77 years (men) and 83 years (women), Currency: euro.

Important Details

  • Country ISO3:FIN
  • Country Code:246
  • Income Group:Europe & Central Asia
  • Lending Category:High income
  • Region:Not Available
  • Currency Unit:Euro (formerly markka)
  • WTO Member:YES
  • Trade organisations:EU, WTO and OECD
  • world rank:24
  • Regional Ranking:13th in Europe