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Finland has transformed its economy in a matter of decades to become one of the richest countries and most stable societies in the world. In the 1950s the Finnish economy was still largely based on primary production and an agrarian workforce. Today Finland is leading or near the top of most international comparisons in terms of growth and development in the economic, technological and social spheres. Finland’s R&D spending per capita is among the highest in the world and according to World Economic Forum, Finland is the second most competitive country in Europe (surpassed by Switzerland) and the most innovative country in the world. In 2013, more than 6 EUR billion were invested in Research and Development, which comprises a research ratio of nearly 3.31 percent in relation to the country’s gross domestic product. As a consequence, Finland was significantly above the EU average of 2.01 percent (2013) and was ranked first among the EU member states. The largest sector of the Finnish economy is services at 65 percent, followed by manufacturing and refining at 31 percent. Primary production is at 3 percent. Finland’s main industrial products are paper and board, electronics and metal products. Engineering and high technology industries are the leading branches of manufacturing. On the expenditure side, private final consumption expenditure is the main component of GDP and accounts for 55 percent of its total use, followed by government final consumption expenditure (25 percent) and gross fixed capital formation (20 percent). This page provides - Finland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Finland GDP Annual Growth Rate - was last refreshed on Saturday, October 10, 2015.