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Country Commercial Guides FY 2000: Finland

CHAPTER X: ECONOMIC AND TRADE STATISTICS

Appendix A: Country Data

Population: 5,160,000
Population growth rate: 0.3%
Religion(s): Lutheran 85.6%, Orthodox 1.1%, no denomination 12.3%, other 1.0%
Government system: Republic
Language(s): Finnish 92.61%, Swedish 5.68%, Russian 0.45%, other 1.22%
Work week: 38.2 (employed full time); 17.8 (part time employees)

Appendix B: Domestic Economy

Domestic Economy (USD millions, except as noted):

                                            1997        1998 (E)     1999(E)

GDP                                      118,992     126,219      122,807
GDP growth rate                                5.9         4.5          3.6
GDP per capita                            23,150      23,602       24,947
Government spending as
   percent of GDP(public expenditure)         55.6        52.6         50.7
Inflation (percent)                            1.2         1.4          0.8
Unemployment (percent)*                       12.6        10.3          9.3
Foreign exchange reserves                  9,942       9,005           N/A
Average exchange rate 
   for $1.00                                   5.19        5.34         5.3
Debt service ratio (ratio of 
   principal and interest on foreign
   debt to foreign income)                     6.4         5.5         N/A
U.S. economic/military assistance             N/A          N/A         N/A

Note: Exchange rates used:

1996 -- 1US$ = FIM 4.59
1997 -- 1US$ = FIM 5.19
1998 -- 1US$ = FIM 5.3 (estimate)
1999 -- 1US$ = FIM 5.7

* new EU-harmonized statistics
Sources: Statistics Finland, the Ministry of Finance, and the Bank of Finland

Appendix C: Trade   

USD millions                                  1997        1998         1999

Total country exports                       40,754      42,915       44,503
Total country imports                       30,647      32,260       33,680
Exports to U.S.                              2,836       3,178        3,470
Imports from U.S.                            2,256       2,680        3,058

Sources: Board of Customs, Bureau of Statistics, Confederation of Finnish Industry and Employers (TT), Ministry of Finance.

Appendix D: Investment Statistics

See www.bof.fi for statistical information.

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