chapter  4
21 Pages

Economic Growth, Research, and Innovation Quality

Finland has a highly industrialized, free-market economy1 with a per capita output equal to that of other western economies such as France, Germany, Sweden or the UK. The largest sector of the economy is services (65.5%), followed by manufacturing and refining (31.6%). Primary production is at 2.9%. The United States is Finland’s third most important trading partner outside of Europe. With a 3.4% share of imports in 2009, the United States was Finland’s ninth-largest supplier. Major exports from the United States to Finland continue to be machinery, telecommunications equipment and parts, metalliferous ores, road vehicles and transport equipment, computers, peripherals and software, electronic components, chemicals, medical equipment and some agricultural products. The main export items to the United States are electronics, machinery, ships and boats, paper and paperboard, refined petroleum products, telecommunications equipment and parts.