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 July 2023.

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GDP USD299.16bn (World ranking 44, World Bank 2021)
Population 5.54mn (World ranking 115, World Bank 2021)
Form of state Republic
Head of government Sanna Marin (Prime Minister)
Next elections 2023, legislative
  • Attractive business environment
  • High R&D spending
  • Low fiscal deficit
  • Contained public debt
  • Improving competitiveness
  • High-skilled workforce
  • Robust welfare state
  • Exposure to Russia still high
  • Rapidly deteriorating current account balance
  • High private debt, notably linked to housing loans
  • High labor costs
  • Weak demographics

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
Germany 13.2%
1
14.5% Germany
Sweden 10.2%
2
11.7% Russian Federation
United States of America 6.6%
3
11.5% Sweden
Netherlands 6.1%
4
9.0% China
Russian Federation 5.4%
5
4.5% Netherlands

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Paper and paper manufactures 9.4%
1
8.8% Petroleum, petroleum products and related materials
Specialised machinery 7.4%
2
8.7% Road vehicles
Road vehicles 6.1%
3
6.7% Electrical machinery, apparatus and appliances, n.e.s.
Iron and steel 6.0%
4
5.8% Metalliferous ores and metal scrap
Petroleum, petroleum products and related materials 6.0%
5
4.7% 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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