International Security Bulletin

Finland

Republic of Finland

Capital: Helsinki

History

Finland was a province and then a grand duchy under Sweden from the 12th to the 19th centuries, and an autonomous grand duchy of Russia after 1809. It won its complete independence in 1917. During World War II, it was able to successfully defend its freedom and resist invasions by the Soviet Union - albeit with some loss of territory. In the subsequent half century, the Finns made a remarkable transformation from a farm/forest economy to a diversified modern industrial economy; per capita income is now among the highest in Western Europe. A member of the European Union since 1995, Finland was the only Nordic state to join the euro system at its initiation in January 1999. In the 21st century, the key features of Finland's modern welfare state are a high standard of education, equality promotion, and national social security system - currently challenged by an aging population and the fluctuations of an export-driven economy.

Geography

Metric Units

Total Area 338,145 sq km
Land Boundaries 2,654 km
Border Countries Norway 727 km, Sweden 614 km, Russia 1,313 km
Coastline 1,250 km
Terrain mostly low, flat to rolling plains interspersed with lakes and low hills
Minimum Elevation 0 m
Maximum Elevation 1,328 m
Climate cold temperate; potentially subarctic but comparatively mild because of moderating influence of the North Atlantic Current, Baltic Sea, and more than 60,000 lakes
Natural Resources timber, iron ore, copper, lead, zinc, chromite, nickel, gold, silver, limestone
Arable Land 6.65%
Permanent Crops 0.01%

Economy

Gross Domestic Product $198.1 billion
GDP (per capita) $36,500
GDP Growth 0.3%
Unemployment Rate 7.3%
Population in Poverty No data%
GINI Index 26.8

Budget & Debt

Expenditures $134 billion
Revenue $129.4 billion
Current Account Balance $-3.6 billion
External Debt $577 billion

Trade

Exports $72.7 billion
Export Items electrical and optical equipment, machinery, transport equipment, paper and pulp, chemicals, basic metals
Export Partners Sweden 11.8%, Germany 10%, Russia 9.2%, Netherlands 6.8%, UK 5.2%, US 4.9%, China 4.7% (2011)
Imports $72.23 billion
Import Items foodstuffs, petroleum and petroleum products, chemicals, transport equipment, iron and steel, machinery, computers, electronic industry products, textile yarn and fabrics, grains
Import Partners Russia 17.6%, Sweden 13.6%, Germany 13.6%, Netherlands 7.6%, China 4.2% (2011)

People

Population 5,266,114
Population Growth 0.06%
Ethnic Groups Finn 93.4%, Swede 5.6%, Russian 0.5%, Estonian 0.3%, Roma (Gypsy) 0.1%, Sami 0.1% (2006)
Religion Lutheran Church of Finland 82.5%, Orthodox Church 1.1%, other Christian 1.1%, other 0.1%, none 15.1% (2006)
Life Expectancy 79.55 years
Infant Mortality 0.96 deaths/1,000 live births
Maternal Mortality 0.6 deaths/100,000 live births

Energy

Electricity Production 76.16 billion kWh
Electricity Consumption 77.66 billion kWh
From Fossil Fuels 52.5%
From Nuclear 16.4%
From Hydroelectric 19.1%
From Renewable Sources 12%