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Finland Business Report
General information
Source: The World Factbook - Central Intelligence Agency
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 officialEnglish widely spoken as a second language
Corruption perception index (Source: Transparency International)
Rank 3/180Very low level of corruption. One of lowest in the world
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
24% standard VAT rateReduced rates: 14% (food, animal feed, restaurants and catering), 10% (books, accommodation, passenger transport). No VAT (financial insurance, and education services)
Corporate Tax
20% standard rateDuties
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.