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

Stagnant Economy Amidst High Wealth: A Nordic Paradox

Finland exhibits a high GDP per capita, indicating significant economic prosperity, yet it experienced negative GDP growth in 2023. This suggests a period of economic contraction despite its developed status, which is a noteworthy challenge for a wealthy nation.

Low Fertility Rate: A Looming Demographic Challenge

Finland's fertility rate of 1.26 is significantly below the replacement level of 2.1, indicating a rapidly aging population and potential future demographic and labor force challenges. This trend is common in many developed nations but particularly pronounced here.

Exceptional Longevity and Low Infant Mortality

Finland boasts a high life expectancy of nearly 82 years coupled with an extremely low infant mortality rate of 1.8 per 1,000 live births. These figures underscore a highly effective healthcare system and strong social welfare, contributing to excellent public health outcomes.

High Inflation and Unemployment: Economic Headwinds

Despite its high GDP per capita, Finland faces significant economic headwinds with an inflation rate exceeding 6% and an unemployment rate above 7%. These figures suggest a challenging economic environment for its citizens, impacting purchasing power and job security.

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$60,000
  • GDP Per Capita ($)

Share This Country

Local Resources
Curated links to local news, real estate, events, and official websites

Real Estate

Events

Travel & Tourism