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Finland is a stable and innovative Nordic economy distinguished by strong institutions, a high standard of living, and a well-developed welfare system. Its strengths lie in a skilled workforce, advanced technology and energy sectors, and a commitment to sustainability and education. The country benefits from diversified energy production, reliable governance, and deep integration within the European and transatlantic communities. However, Finland remains sensitive to shifts in global demand and faces structural challenges such as labour-market rigidities and an ageingpopulation. Despite these pressures, its resilience, transparency, and innovation-driven growth continue to underpin a robust and competitive economic environment. Source: Coface



Ihre Berater der Handelskammer

Adélaïde Hoffsess

Kontaktieren Sie uns: europe@cc.lu


Kennzahlen

Fläche
338,145 sq m
Bevölkerung
5,637,214 (2024)
Regierungsform
parliamentary republic
Sprachen
Finnish (official) 85.9%, Swedish (official) 5.2%, Russian 1.7%, other 7.2% (2022 est.)
BIP
$299.84 billion (2024)
Wachstumsrate
-0.2% (2024)
HDI
12
Hauptstadt
Helsinki

Makroökonomische Indikatoren

Economic activity is projected to grow by 0.7% in 2025 and 1.1% in 2026, driven by declining interest rates. However, the near-term recovery is subject to high uncertainty from geopolitical tensions and trade policy risks. Improving public spending efficiency, reducing non-productivity-enhancing state-aid and addressing labour market mismatches, raising skill levels, increasing access to capital market finance and fostering innovation and investment are critical to sustaining the recovery and reviving productivity growth.

Finland’s economy is gradually recovering after the sharp contraction in late 2023, but growth lags behind that of Nordic peers and the OECD average. Activity picked up in the first three quarters of 2024, driven by public investment and net exports, but it stalled in the fourth quarter due to weak private consumption. Overall, real GDP contracted by 0.1% in 2024. Inflation fell during 2024 owing to lower energy prices and feeble activity and in the first half of 2025 stabilised around 2%. Both exports and imports recovered modestly in 2024, however, consumer and business confidence remained subdued. The unemployment rate stood at 9.5% in March 2025, up from 8.4% a year earlier.

Real GDP is set to grow by 0.7% in 2025 and 1.1% in 2026, supported by declining interest rates, falling borrowing costs and rising purchasing power, although anaemic business and household confidence and continued weakness in the construction sector may constrain the recovery. Inflation is anticipated to remain around 2%, with upward pressure from rising import and wage costs offset by lower energy prices. Source: OECD Economic Survey

 

IMF Statistics:

Subject descriptor 2023 2024 2025 2026 2027

All Items, Consumer price index (CPI), Period average, percent change

Percent

(Units)

4.34

0.975

1.839

1.936

2.0

Current account balance (credit less debit), Percent of GDP

Percent

(Units)

-0.819

-0.037

0.132

-0.071

-0.224

Current account balance (credit less debit), US dollar

US dollar

(Billions)

-2.416

-0.11

0.417

-0.238

-0.775

Exports of goods and services, Volume, Free on board (FOB), Percent change

Percent

(Units)

-0.434

1.724

1.72

1.905

2.575

Gross domestic product (GDP), Constant prices, Percent change

Percent

(Units)

-0.939

0.407

0.507

1.311

1.317

Gross domestic product (GDP), Current prices, Per capita, US dollar

US dollar

(Units)

53043.995

53286.04

56083.74

59749.592

61667.584

Gross domestic product (GDP), Current prices, US dollar

US dollar

(Billions)

295.135

298.607

314.724

335.534

346.309

Imports of goods and services, Volume, Cost insurance freight (CIF), Percent change

Percent

(Units)

-6.677

-0.953

0.382

2.078

3.199

Unemployment rate

7.233

8.392

8.95

8.662

8.59

Estimates

Source: IMF Statistics - Finland


Luxemburg und das Land

Existing conventions and agreements

Non double taxation agreement

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 01.03.1982 (Memorial 1982, A no.95, p.1967)

  • Effective as of 01.01.1980 (Memorial 1982, A no.95, p.1967)

  • Protocol of Amendment from 24.01.1990 (Memorial 1992, A no.16, p.734)

  • Effective as of 01.01.1990 (Memorial 1992, A no.16, p.734)

  • Protocol of Amendment from 01.07.2009(Memorial 2010, A no.51, p.901)

  • Effective as of 01.01.2011 (Memorial 2010, A no.51, p.901)

Air Services agreement

  • Agreement from 15.08.1961 (Memorial 1965, A, p.294)

  • Effective as of 05.20.1965

Source: Administration des contributions directes


Weitere Informationen

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Finland

Embassy of the Grand Duchy of Luxembourg in Finland

Ambassador with residence in Copenhagen: Mr Henri SCHUMACHER

05, Fridtjof Nansens Plads
DK - 2100 Copenhagen
Denmark

Tel.: +45 35 26 82 00
Fax: +45 35 26 82 08
E-Mail: copenhague.amb@mae.etat.lu 
Website: http://copenhague.mae.lu/en 


Honorary Consuls

Honorary Consul with jurisdiction over Finland:

Mr Christoffer WASELIUS 
Honorary Consul with jurisdiction over Finland:

Risviksvägen 28
00200 Helsinki
Finland

Tel.: +358 50 595 7255
E-mail: helsinki@consul-hon.lu

Source: Ministry of Foreign Affairs of Luxembourg

 

Country risk as defined by Office du Ducroire for Finland

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Country Risk for Finland

Other useful links


Die Handelskammer und das Land