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IDD Code: 00
Country Code: 358
ISO: FI
ISO3: FIN
Time Time
Thursday, November 21, 2024 Capital: Helsinki
Time Zone Time Zone
UTC+02:00
Time Difference Time Difference
Helsinki, Finland is ()
Daylight Savings Time Daylight Savings Time
Finland does not follow DST
Weather Weather
City Calling Code
Aland+358-18
Hame+358-3
Helsinki+358-9
Keski-Suomi+358-14
Kuopio+358-17
Kymi+358-5
Lappi+358-16
Mikkeli+358-15
Oulu+358-8
Pohjois-Karjala+358-13
Turku and Pori+358-2
Uusimaa+358-19
Vaasa+358-6
Country NameFinland
ContinentEurope
Lat/Long61.92411000, 25.74815100
BackgroundFinland was a province and then a grand duchy under Sweden from the 12th to the 19th centuries, and an autonomous grand duchy of Russia after 1809. It gained complete independence in 1917. During World War II, Finland successfully defended its independence through cooperation with Germany and resisted subsequent invasions by the Soviet Union - albeit with some loss of territory. In the subsequent half century, Finland transformed from a farm/forest economy to a diversified modern industrial economy; per capita income is among the highest in Western Europe. A member of the EU since 1995, Finland was the only Nordic state to join the euro single currency at its initiation in January 1999. In the 21st century, the key features of Finland's modern welfare state are high quality education, promotion of equality, and a national social welfare system - currently challenged by an aging population and the fluctuations of an export-driven economy.
Population5,498,211 (July 2016 est.)
LanguagesFinnish (official) 88.3%, Swedish (official) 5.3%, Russian 1.4%, other 5% (2016 est.)
ReligionsLutheran 72%, Orthodox 1.1%, other 1.6%, unspecified 25.3% (2016 est.)
Ethnic GroupsFinn 93.4%, Swede 5.6%, Russian 0.5%, Estonian 0.3%, Romani 0.1%, Sami 0.1% (2006)
EconomyFinland has a highly industrialized, largely free-market economy with per capita GDP almost as high as that of Austria and the Netherlands and slightly above that of Germany and Belgium. Trade is important, with exports accounting for over one-third of GDP in recent years. The government is open to, and actively takes steps to attract, foreign direct investment.

Finland is historically competitive in manufacturing - principally the wood, metals, engineering, telecommunications, and electronics industries. Finland excels in export of technology as well as promotion of startups in the information and communications technology, gaming, cleantech, and biotechnology sectors. Except for timber and several minerals, Finland depends on imports of raw materials, energy, and some components for manufactured goods. Because of the cold climate, agricultural development is limited to maintaining self-sufficiency in basic products. Forestry, an important export industry, provides a secondary occupation for the rural population.

Finland had been one of the best performing economies within the EU before 2009 and its banks and financial markets avoided the worst of global financial crisis. However, the world slowdown hit exports and domestic demand hard in that year, causing Finland’s economy to contract from 2012-14. The recession affected general government finances and the debt ratio. The economy returned to growth in 2015, posting a 0.3% GDP increase before growing 1.4% in 2016.

Finland's main challenges will be reducing high labor costs and boosting demand for its exports. In June 2016, the Government enacted a Competitiveness Pact aimed at reducing labor costs, increasing hours worked, and introducing more flexibility into the wage bargaining system. The Government was also seeking to reform the health care system and social services. In the long term, Finland must address a rapidly aging population and decreasing productivity in traditional industries that threaten competitiveness, fiscal sustainability, and economic growth.
GDP$239.2 billion (2016 est.)
CurrencyEuro
Internet TLD.fi;
Internet Users5.074 million
Land Lines537,000
Mobile Phones7.399 million
Broadcast MediaA mix of 3 publicly operated TV stations and numerous privately owned TV stations; several free and special-interest pay-TV channels; cable and satellite multi-channel subscription services are available; all TV signals are broadcast digitally; Internet television, such as Netflix and others, is available; public broadcasting maintains a network of 13 national and 25 regional radio stations; a large number of private radio broadcasters and access to Internet radio (2017)