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||1975 - 2015
Finland has a highly industrialized, largely free-market economy. Its key economic sector is manufacturing - principally the wood, metals, engineering, telecommunications, and electronics industries. Trade is important, with exports equaling almost one-third of the GDP. The international financial crisis of 2008 and subsequent global economic downturn led to a sharp recession. Finnish GDP contracted by 8.3 percent in 2009 but saw brief positive growth in 2010-11. However, it went back into recession since 2012 and in 2014 it contracted by 0.4 percent, as fixed investment and external demand struggle to recover. The recession affected general government finances and the debt ratio, turning previously strong budget surpluses into deficits. Finland's main challenge will be to stimulate growth while faced with weak export demand in the EU and its own government austerity measures. This page provides - Finland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Finland GDP Growth Rate - was last refreshed on Sunday, October 4, 2015.