GDP

GDP of Finland in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“Finland with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 51030, and the growth rate in 2022 is 1.6%.”

Population

5.522 million

Land Size

303920 km²

GDP

283.12 billion

GDP Per Capita

51030 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
51.5%
Government Expneidutre
24.1%
Capital Formation
24.2%
Export
45.2%
Import
47.6%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
2.5%
Industry
26.2%
Manufacturing
16.5%
Service
66.7%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Unemployment

6.8 %

Inflation

7.2 %

Urbanization

85.4 %

TFR

1.4 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %

GDP By Regions

Top 5 Regions By Population & Their GDP | Note: USD, current prices, current PPP

Finland

289232 million USD

Helsinki-Uusimaa

114461 million USD

Western Finland

63953.8 million USD

Eastern and Northern Finland

56024.6 million USD

Southern Finland

53230.8 million USD

Åland

1460.18 million USD

Historical Real GDP Growth Rate
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Growth By GDP

Top 5 Regions By Population & Their GDP Growth in 2020

Finland

-2.35 %

Helsinki-Uusimaa

-2.9 %

Western Finland

-1.64 %

Eastern and Northern Finland

-1.47 %

Southern Finland

-2.58 %

Åland

-13.1 %

Historical Real GDP Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita By Regions

Top 5 Regions By Population & Their GDP Per Capita in 2020 (Measured in PPP, current prices) | Unit: USD

Finland

52307 USD

Helsinki-Uusimaa

67481 USD

Western Finland

46385 USD

Eastern and Northern Finland

43891

Southern Finland

46363 USD

Åland

48656 USD

Historical GDP Per Capita (PPP) By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0 USD. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita Growth By Regions

Top 5 Regions By Population & Their GDP Per Capita Growth Rate in 2020 | Unit: %

Finland

-2.64 %

Helsinki-Uusimaa

-3.94 %

Western Finland

-1.76 %

Eastern and Northern Finland

-1.3 %

Southern Finland

-2.48 %

Åland

-13.55 %

Historical GDP Per Capita Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %