Finland Economy - 1986

GEOGRAPHICAL NAMES 

GNP: $50.1 billion (1984) $10,270 per capita, 54.7% private consumption, 24% gross fixed capital formation; 19.9% government consumption; 1.4% net exports of goodsand services; 1984 growth rate 3.0% (1980 prices)

Natural resources: forests, copper, zinc, iron, farmland

Agriculture: animal husbandry, especially dairying, predominates; forestry important secondary occupation for rural population, main crops—cereals, sugar beets, potatoes; 85% self-sufficient; shortages—food and fodder grains

Fishing: catch 157,100 metric tons (1983'

Major industries: include metal manufacturing and shipbuilding, forestry and wood processing ( pulp, paper), copper refining, foodstuffs, textiles and clothing

Shortages: fossil fuels; industrial raw materials, except wood and iron ore

Crude steel: 2.6 million metric tons pro duced (1984), 533 kg per capita

Electric power: 12,109,000 kW capacity (1985); 44.475 billion kWh produced (1985), 9,060 kWh per capita

Exports· $13.5 billion (f.o.b., 1984); timber, paper and pulp, ships, machinery, clothing and footwear

Imports: $12.4 billion (c.i.f., 1984); foodstuffs, petroleum and petroleum products, chemicals, transport equipment, iron and steel, machinery, textile yarn and fabrics

Major trade partners: (1984) 36.5% EC (11.6% FRG; 9.9% UK), 21% USSR, 12.3% Sweden, 6.6% US

Aid: donor—ODA and OOF economic aid commitments (1970-83), $793 million

Budget: (1984) expenditures, $14.4 billion, revenues, $12.8 billion

Monetary conversion rate: 5.42 Finnmarks (Fim)=US$l (30 December 1985)

Fiscal year: calendar year

NOTE: The information regarding Finland on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Finland 1986 information contained here. All suggestions for corrections of any errors about Finland 1986 should be addressed to the CIA or the source cited on each page.