From hibernation to rebound

AA1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in January 2024.

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GDP USD280.8bn (World ranking 48, World Bank 2022)
Population 5.6mn (World ranking 116, World Bank 2022)
Form of state Parlementiary Republic
Head of government Petteri Orpo (PM)
Next elections
2027, Legislative
Strenghts
  • Attractive business environment with high research and development spending
  • Low fiscal deficit and contained public debt
  • Improving competitiveness, a highly skilled workforce and a robust welfare state
Weaknesses
  • Exposure to Russia still high
  • Rapidly deteriorating current account balance with high private debt, notably linked to housing loans
  • High labor costs and weak demographics

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
Germany 11.6%
1
12.5% Sweden
Sweden 10.6%
2
12.3% Russian Federation
United States of America 9.3%
3
9.1% Sweden
Netherlands 7.1%
4
6.9% Norway
China 4.7%
5
6.7% Russian Federation

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Petroleum, petroleum products and related materials 9.1%
1
12.9% Petroleum, petroleum products and related materials
Paper and paper manufactures 9.1%
2
7.1% Road vehicles
Specialised machinery 6.9%
3
5.6% Electrical machinery, apparatus and appliances, n.e.s.
Iron and steel 6.5%
4
5.5% Metalliferous ores and metal scrap
Electrical machinery, apparatus and appliances, n.e.s. 5.1%
5
4.3% Other industrial machinery and parts
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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