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Finland Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
5,537,364 (July 2018 est.)
GDP (PPP)
$244.9 billion (2017 est.)

GDP growth rate
2.8% (2017 est.)

High, as the Country recovered from a period of slow growth

GDP (PPP) per capita
$44,500 (2017 est.)

High

Local currency
Euro (EUR)

The second most importat currency in the world after the USD

Financial stability (Public debt)
61.3% of GDP (2017 est.)

Medium to low. After 7 years of continuous increase (2008-2015), public debt/GDP ratio started to decrease (slowly)

Inflation
0.8% (2017 est.)

Low

Language
Finnish (87.6%) and Swedish (5.2%) both official

English widely spoken as a second language

Corruption perception index (Source: Transparency International)
Rank 3/180

Very low level of corruption. One of lowest in the world

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
24% standard VAT rate
Reduced rates: 14% (food, animal feed, restaurants and catering), 10% (books, accommodation, passenger transport). No VAT (financial insurance, and education services)
Corporate Tax
20% standard rate
Duties

European Union customs duties/import tariffs apply

Whether you are looking for a European importer or you are just interested in Europe business, Globartis is the right platform for you!

We have a strong position in Europe B2B and Europe trade, especially European Union trade. If you are interested in doing business in Finland, or in finding Finnish manufacturing companies, we can help you.

Thousands of companies in Finland and Finnish SMEs use Globartis for their operations. Join our network today and find the right partner for your Finland business.

Connect with a Finnish manufacturer or Finland importer, or source among Finland export to find the right product. Join now and grow your business in Helsinki, one of the best cities for doing business in the Nordics.

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