International organization participation: AfDB, AG (observer), AsDB,
Australia Group, BIS, CBSS, CCC, CE, CERN, EAPC, EBRD, ECE, EIB, ESA,
EU, FAO, G- 9, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA,
IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol,
IOC, IOM, ISO, ITU, MTCR, NAM (guest), NC, NEA, NIB, NSG, OAS
(observer), OECD, OSCE, PCA, PFP, UN, UNCTAD, UNESCO, UNFICYP, UNHCR,
UNIDO, UNIFIL, UNIKOM, UNMIBH, UNMOGIP, UNMOP, UNPREDEP, UNTSO, UPU,
WEU (observer), WFTU, WHO, WIPO, WMO, WToO, WTrO, ZC
Diplomatic representation in the US: chief of mission: Ambassador Jaakko Tapani LAAJAVA chancery: 3301 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 298-5800 FAX: [1] (202) 298-6030 consulate(s) general: Los Angeles and New York
Diplomatic representation from the US: chief of mission: Ambassador Derek N. SHEARER embassy: Itainen Puistotie 14A, FIN-00140, Helsinki mailing address: APO AE 09723 telephone: [358] (9) 171931 FAX: [358] (9) 174681
Flag description: white with a blue cross that extends 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)
@Finland:Economy
Economy-overview: Finland has a highly industrialized, largely free-market economy, with per capita output roughly that of the UK, France, Germany, and Italy. Its key economic sector is manufacturing-principally the wood, metals, and engineering industries. Trade is important, with the export of goods representing about 30% of GDP. 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. The economy has come back from the recession of 1990-92, which had been caused by economic overheating, depressed foreign markets, and the dismantling of the barter system between Finland and the former Soviet Union under which Soviet oil and gas had been exchanged for Finnish manufactured goods. The Finns voted in an October 1994 referendum to enter the EU, and Finland officially joined the Union on 1 January 1995. Attempts to cut the unacceptably high rate of unemployment and increasing integration with Western Europe will dominate the economic picture over the next few years. Despite high unemployment and moderate GDP growth of 3.9% anticipated for 1998, inflation is forecast to rise to 2.5%
GDP: purchasing power parity-$102.1 billion (1997 est.)
GDP-real growth rate: 4.6% (1997 est.)
GDP-per capita: purchasing power parity-$20,000 (1997 est.)
GDP-composition by sector: agriculture: 7% industry: 37% services: 56% (1995)