Lewes, DE — 12/20/2017 — As per International Monetary Fund (IMF) Finland's nominal gross domestic product is expected to grow at a CAGR of 3.22% from it's 2015 level of Euro 209.511 billion and reach Euro 261.616 billion by 2022.
The Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden to the west, Norway to the north, Russia to the east, and Estonia to the south across the Gulf of Finland. Finland was a relative latecomer to industrialization, remaining a largely agrarian country until the 1950s. Thereafter, it rapidly developed an advanced economy while building an extensive Nordic-style welfare state, resulting in widespread prosperity and a nominal per-capita income of over $46,000 as of 2012, among the highest in the world. Subsequently, Finland is a top performer in numerous metrics of national performance, including education, economic competitiveness, civil liberties, quality of life, and human development.
Finland had estimated population of 5.487 million in the year 2016 and expected to reach 5.597 million by 2022. Finland's around 2.448 million was employed in 2016 and the unemployment rate was 8.792% of total labor force.
Finland's real gross domestic product (GDP) was Euro 189.648 billions in 2016 whereas the nominal GDP was Euro 214.062 billions. This resulted in GDP deflator 112.873. Per capita GDP was estimated at USD 43169.22 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 42164.60.
The output gap for Finland in 2016 was negative at 1.704% of the potential GDP. Which is further expected to decline at a CAGR of 27.39% and reach 1.126 by 2018.
In 2016, Finland government's revenue was Euro 116.047 billions whereas the expenditure was Euro 120.147 billions. This resulted Finland government's net lending / borrowing negative at Euro 4.1 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Finland was negative at USD 2.511 billions for the year 2016 and is expected to decline at a CAGR of 12.86% and reach USD 2.257 by 2022. This negative current account balance indicates the Finland is a net borrower from the whole world.
Scope of the Finland PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
– These reports provide information about key macroeconomic indicators for Finland.
– These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Finland.
– These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Finland.
– These reports provide risk analysis for Finland.
For more information and to purchase Finland PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/finland-pestel-analysis-market-research-report
For more information and to purchase Finland SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/finland-swot-analysis-market-research-report
For more information and to purchase Finland Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/finland-risk-analysis-market-research-report
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