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OECD Economic Outlook - Finland
Real GDP surged by 5.5% in 2006, driven largely by exports,
although consumption growth was sustained and private investment
picked up. Output is expected to expand at close to its trend
rate of 3% this year and next. While unemployment remains
high, it is expected to continue to decline over the coming
year. Inflation is expected to remain moderate.
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Total Output by Main Industrial Branches
Finland's economic structure is similar to the OECD average.
Primary production's share of GNP has slipped to a few per
cent, manufacturing represents about one third, while services
account for more than 60 per cent. Knowledge-intensive business
services have become one of the fastest-growing sectors.
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Manufacturing Production in Finland
The technology industry is the largest industrial branch
in Finland. It accounts for nearly half of the total industrial
value-added. Value-added is an indicator which is arrived
at by subtracting purchased input factors -- mainly expenditures
on raw materials and energy -- from the total output. The
forest industry and chemicals industry make up the last two
important pillars of the Finnish production structure.
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Page last updated 21.06.2007
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