Cultural showcase of Finland featuring landmarks, cuisine, and traditions

Finland

Republic of Finland

Finland flag

Capital

Helsinki

Region

Europe

Population

5,650,325

Area (km²)

338,455

💡Quick Summary

Finland, a Nordic country in Europe with a population of about 5.65 million, spans 338,455 km² and boasts Helsinki as its vibrant capital, known for its design and tech scenes. Renowned for its high quality of life, vast forests, and thousands of lakes, it's a leader in education and innovation, though GDP data is currently unavailable. This sparsely populated nation excels in sustainability and happiness rankings, blending natural beauty with modern welfare systems.

Key Insights

A Nation of Forests: High Environmental Coverage

Finland is exceptionally rich in natural resources, with forests covering nearly three-quarters of its land area (73.724%). This high percentage of forest cover is vital for biodiversity, carbon sequestration, and forms the backbone of the country's traditional economy, making it one of the most forested countries in Europe.

Exceptional Infant Health and Longevity

Finland demonstrates outstanding public health outcomes, particularly in infant care. The Infant Mortality Rate is extremely low at 1.800 per 1,000 live births, ranking among the best globally. Coupled with a high life expectancy of 81.69 years, this highlights the effectiveness of the Finnish healthcare system and social safety net.

Inflation and Unemployment Pressure

Despite being a high-income nation, Finland faced significant economic instability in 2023 characterized by high inflation (6.251%) coupled with moderately high unemployment (7.151%). This combination suggests a period of stagflationary pressure, where prices rise while job growth remains sluggish.

High Wealth, Negative Growth: Economic Contraction Despite High GDP Per Capita

Finland maintains a very high standard of living, reflected by its robust GDP per capita ($52,834.29), placing it among the wealthiest nations. However, the economy experienced a significant contraction in 2023, indicated by a negative GDP growth rate of -0.939%. This suggests a current economic challenge or recession despite underlying structural wealth.

Economic Indicators
Latest economic data from World Bank

GDP (Current US$)

$295.02B

Year: 2023

GDP Per Capita

$52,834.29

GDP Growth (%)

-0.94%

Inflation (%)

6.25%

Unemployment (%)

7.15%

Debt to GDP (%)

N/A%

Source: World Bank • Last updated: 12/24/2025

Historical Trends & Data Visualizations

GDP Growth Rate
Annual percentage change in GDP over time
2014201520162017201820192020202120222023-4.00%-2.00%0.00%2.00%4.00%
  • GDP Growth (%)
Population Growth
Total population over time
201420152016201720182019202020212022202301,500,0003,000,0004,500,0006,000,000
  • Population
Life Expectancy
Average life expectancy at birth (years)
20142015201620172018201920202021202220230.0years25.0years50.0years75.0years100.0years
  • Life Expectancy (years)
Renewable Energy Consumption
Percentage of total energy from renewable sources
201420152016201720182019202020210.0%15.0%30.0%45.0%60.0%
  • Renewable Energy (%)
GDP Per Capita
Economic output per person (current US$)
2014201520162017201820192020202120222023$0$15,000$30,000$45,000$60,000
  • GDP Per Capita ($)

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