Analysis and Studies - Country Analysis

Import/Export Finland

Finland is the number 41 economy in the world in terms of GDP. In recent years, electronics and services increasingly dominated Finnish economy, as globalization lead to a decline of more traditional industries. Although to a limited extent compared to other EU countries, it is also suffering significant friction because of COVID - 19 pandemic. Indeed, the current second wave of infection is threatening to slow down the economic recovery, especially in exports, investments and private consumption areas. Although with a great degree of uncertainty, GDP is expected to decline by around 7% this year and grow around 3% per annum in 2021 and 2022