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Flag description:

white with a blue cross extending to the edges of the flag; the vertical part of the cross is shifted to the hoist side in the style of the Dannebrog (Danish flag); the blue represents the thousands of lakes scattered across the country, while the white is for the snow that covers the land in winter

National anthem:

name: "Maamme" (Our Land)

lyrics/music: Johan Ludvig RUNEBERG/Fredrik PACIUS

note: in use since 1848; although never officially adopted by law, the anthem has been popular since it was first sung by a student group in 1848; Estonia's anthem uses the same melody as that of Finland

Economy ::Finland

Economy - overview:

Finland has a highly industrialized, largely free-market economy with per capita output roughly that of Austria, Belgium, the Netherlands, and Sweden. Trade is important with exports accounting for over one third of GDP in recent years. Finland is strongly competitive in manufacturing - principally the wood, metals, engineering, telecommunications, and electronics industries. Finland excels in high-tech exports such as mobile phones. Except for timber and several minerals, Finland depends on imports of raw materials, energy, and some components for manufactured goods. Because of the climate, agricultural development is limited to maintaining self-sufficiency in basic products. Forestry, an important export earner, provides a secondary occupation for the rural population. Finland had been one of the best performing economies within the EU in recent years and its banks and financial markets avoided the worst of global financial crisis. However, the world slowdown hit exports and domestic demand hard in 2009, with Finland experiencing one of the deepest contractions in the euro zone. A recovery of exports stimulated economic growth in 2010, and led to a lowering of unemployment. The recession left a deep mark on general government finances and the debt ratio, turning previously strong budget surpluses into deficits. In the next few years, the great challenge of economic policy will be to implement a post-recession exit strategy in which measures supporting growth will be combined with general government adjustment measures. Longer-term, Finland must address a rapidly aging population and decreasing productivity that threaten competitiveness, fiscal sustainability, and economic growth.

GDP (purchasing power parity):

$185.4 billion (2010 est.) country comparison to the world: 56 $181.6 billion (2009 est.)

$197.6 billion (2008 est.)

note: data are in 2010 US dollars

GDP (official exchange rate):

$232 billion (2010 est.)

GDP - real growth rate:

2.1% (2010 est.) country comparison to the world: 144 −8.1% (2009 est.)

1% (2008 est.)

GDP - per capita (PPP):

$35,300 (2010 est.) country comparison to the world: 34 $34,600 (2009 est.)

$37,700 (2008 est.)

note: data are in 2010 US dollars

GDP - composition by sector:

agriculture: 2.6%

industry: 29.1%

services: 68.2% (2010 est.)

Labor force:

2.68 million (2010 est.) country comparison to the world: 106

Labor force - by occupation:

agriculture and forestry: 4.5%

industry: 18.2%

construction: 7.3%

commerce: 15.9%

finance, insurance, and business services: 14.5%

transport and communications: 6.9%

public services: 32.7% (2008)

Unemployment rate:

7.9% (2010 est.) country comparison to the world: 85 8.2% (2009 est.)

Population below poverty line:

The 2010 CIA World Factbook

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