Finland is considered a developed country. A nation's stage of development is determined by a number of factors, including economic prosperity, life expectancy, income equality, and quality of life. As a developed country, Finland is able to provide social services such as public education, health care and law enforcement to its citizens. Citizens of developed countries enjoy a high standard of living and a longer life expectancy than citizens of developing countries. Finland exports around $ 75.7 billion and imports around $ 70.67 billion each year. 8.5% of the country's population are unemployed. The total number of unemployed in Finland is 471,114. In Finland 5.5% of the population live below the poverty line. The proportion of citizens living below the poverty line in Finland is low, which indicates a stable economy. Investors should view Finland as a safe place for investment and other financial ventures. Government spending on education is 5.9% of GDP. The country's Gini index is 26.8. Finland experiences a high level of equality. The differences in income between citizens are only slight. Finland has a Human Development Index (HDI) of 0.879. Finland has a very high HDI. This suggests that almost all citizens are able to lead a desirable life thanks to social and economic support; Citizens with a low standard of living receive help and support and have the opportunity to move forward in society. The Global Peace Index (GPI) for Finland is 1.277. Due to the strong presence of law enforcement agencies and the high level of social responsibility, Finland is very safe by international standards. The strength of the Legal Rights Index for Finland is 7. Overall, it is considered fairly reasonable - bankruptcy and collateral laws can at least adequately protect the rights of borrowers and lenders; Credit information is usually sufficient and generally available.
The currency of Finland is the euro. There are several plural forms of the name "Euro". These are euros, euros. The symbol used for this currency is € and is abbreviated as EUR. The euro is divided into cents; there are 100 in one euro.
The credit depth index for Finland is 6, which means that the information is for the most part sufficient and fairly detailed; Accessibility is not a problem. According to the rating agency S&P, Finland has an AA + credit rating and the outlook for this rating is negative. According to the rating agency Fitch, Finland has an AAA credit rating and the outlook for this rating is stable. According to the rating agency Moody's, Finland has a credit rating of Aaa and the outlook for this rating is stable.
In Finland, the institution that manages the state's currency, money supply and interest rates is called the Bank of Finland. The local central bank of Finland is called Suomen Pankki. The average deposit rate of local banks in Finland is 1.07%.
Finland has a national debt of 18.1% of the country's gross domestic product (GDP) as determined in 2012.
Corporate income tax in Finland is 20%. Income tax ranges from 6.5% to 30%, depending on your specific situation and income. VAT in Finland is 24%.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Finland is $221653 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Finland was last recorded at $40 million. PPP in Finland is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Finland is 267,329 billion. Based on this statistic, Finland is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Finland. The Gross Domestic Product (GDP) per capita in Finland was last recorded at $48 million. The average citizen in Finland has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Finland averaged -0.2% in 2014. According to this percentage, Finland is currently experiencing modest decline. Countries that are experiencing modest decline may see a small reduction in personal consumption, employment rate, or personal income. A modest decline in GDP can signal a risky location for investments; however, some strong economic nations occasionally experience modest decline and are still safe investment locations.