As per International Monetary Fund (IMF)
Finland’s nominal gross domestic product is expected to grow at a CAGR of 3.22%
from it’s 2015 level of Euro 209.511 billion and reach Euro 261.616 billion by
2022.
The Republic of Finland, is a Nordic country
situated in the Fennoscandian region of Northern Europe. It is bordered by
Sweden to the west, Norway to the north, Russia to the east, and Estonia to the
south across the Gulf of Finland. Finland was a relative latecomer to
industrialization, remaining a largely agrarian country until the 1950s.
Thereafter, it rapidly developed an advanced economy while building an
extensive Nordic-style welfare state, resulting in widespread prosperity and a
nominal per-capita income of over $46,000 as of 2012, among the highest in the
world. Subsequently, Finland is a top performer in numerous metrics of national
performance, including education, economic competitiveness, civil liberties,
quality of life, and human development.
Finland had estimated population of 5.487
million in the year 2016 and expected to reach 5.597 million by 2022. Finland's
around 2.448 million was employed in 2016 and the unemployment rate was 8.792%
of total labor force.
Finland's real gross domestic product (GDP)
was Euro 189.648 billions in 2016 whereas the nominal GDP was Euro 214.062
billions. This resulted in GDP deflator 112.873. Per capita GDP was estimated
at USD 43169.22 whereas purchasing power parity (PPP) based per capita GDP was
estimated to be at USD 42164.60.
The output gap for Finland in 2016 was
negative at 1.704% of the potential GDP. Which is further expected to decline
at a CAGR of 27.39% and reach 1.126 by 2018.
In 2016, Finland government's revenue was
Euro 116.047 billions whereas the expenditure was Euro 120.147 billions. This
resulted Finland government's net lending / borrowing negative at Euro 4.1
billion in 2016 indicating that enough financial resources were not made
available by the government to boost economic growth.
The current account balance for Finland was
negative at USD 2.511 billions for the year 2016 and is expected to decline at
a CAGR of 12.86% and reach USD 2.257 by 2022. This negative current account
balance indicates the Finland is a net borrower from the whole world.
Scope of the Finland PESTEL
Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Finland.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Finland.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Finland.
- These reports provide risk analysis for Finland.
For more information and to purchase Finland
PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/finland-pestel-analysis-market-research-report
For more information and to purchase Finland
SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/finland-swot-analysis-market-research-report
For more information and to purchase Finland
Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/finland-risk-analysis-market-research-report
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