Kapitel
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
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 |
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
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
