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form: Republic of Finland conventional short form: Finland local long form: Suomen tasavalta/Republiken Finland local short form: Suomi/Finland

      Government type:

      republic

      Capital:

      name: Helsinki geographic coordinates: 60 10 N, 24 56 E time difference: UTC+2 (7 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

      Administrative divisions:

      6 provinces (laanit, singular - laani); Aland, Etela-Suomen Laani (Southern Finland), Ita-Suomen Laani (Eastern Finland), Lansi-Suomen Laani (Western Finland), Lappi (Lapland), Oulun Laani

      Independence:

      6 December 1917 (from Russia)

      National holiday:

      Independence Day, 6 December (1917)

      Constitution:

      1 March 2000

      Legal system:

      civil law system based on Swedish law; the president may request the Supreme Court to review laws; accepts compulsory ICJ jurisdiction with reservations

      Suffrage:

      18 years of age; universal

      Executive branch:

      chief of state: President Tarja HALONEN (since 1 March 2000) head of government: Prime Minister Matti VANHANEN (since 24 June 2003); Deputy Prime Minister Jyrki KATAINEN (since 19 April 2007) cabinet: Council of State or Valtioneuvosto appointed by the president, responsible to parliament elections: president elected by popular vote for a six-year term (eligible for a second term); election last held 15 January 2006 (next to be held in January 2012); the president appoints the prime minister and deputy prime minister from the majority party or the majority coalition after parliamentary elections and the parliament must approve the appointment; Prime Minister VANHANEN reelected 17 April 2007 election results: percent of vote - Tarja HALONEN (SDP) 46.3%, Sauli NIINISTO (Kok) 24.1%, Matti Vanhanen (Kesk) 18.6%, Heidi HAUTALA (VIHR) 3.5%; a runoff election between HALONEN and NIINISTO was held 29 January 2006 - HALONEN 51.8%, NIINISTO 48.2%; Matti VANHANEN reelected prime minister; election results 121–71 note: government coalition - Kesk, KOK, VIHR, and SFP

      Legislative branch:

      unicameral Parliament or Eduskunta (200 seats; members are elected by popular vote on a proportional basis to serve four-year terms) elections: last held 18 March 2007 (next to be held March 2011) election results: percent of vote by party - Kesk 23.1%, Kok 22.3%, SDP 21.4%, VAS 8.8%, VIHR 8.5%, KD 4.9%, SFP 4.5%, True Finns 4.1%, other 3.4%; seats by party - Kesk 51, Kok 50, SDP 45, VAS 17, VIHR 15, SFP 9, KD 7, True Finns 5, other 1

      Judicial branch:

      Supreme Court or Korkein Oikeus (judges appointed by the president)

      Political parties and leaders:

      Center Party or Kesk [Matti VANHANEN]; Christian Democrats or KD

       [Paivi RASANEN]; Green Party or VIHR [Tarja CRONBERG]; Left Alliance

       or VAS [Martti KORHONEN] (composed of People's Democratic League and

       Democratic Alternative); National Coalition (conservative) Party or

       Kok [Jyrki KATAINEN]; Social Democratic Party or SDP [Eero

       HEINALUOMA]; Swedish People's Party or SFP [Stefan WALLIN]; True

       Finns [Timo SOINI]

      International organization participation:

      ADB (nonregional members), AfDB (nonregional members), Arctic

       Council, Australia Group, BIS, CBSS, CE, CERN, EAPC, EBRD, EIB, EMU,

       ESA, EU, FAO, G-9, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA,

       IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM,

       IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM (guest), NC, NEA, NIB, NSG, OAS

       (observer), OECD, OPCW, OSCE, Paris Club, PCA, PFP, Schengen

       Convention, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIL, UNMIS, UNMOGIP,

       UNTSO, UPU, WCO, WEU (observer), WFTU, WHO, WIPO, WMO, WTO, ZC

      Diplomatic representation in the US:

      chief of mission: Ambassador Pekka LINTU chancery: 3301 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 298–5800 FAX: [1] (202) 298–6030 consulate(s) general: Los Angeles, New York

      Diplomatic representation from the US:

      chief of mission: Ambassador Barbara BARRETT embassy: Itainen Puistotie 14B, 00140 Helsinki mailing address: APO AE 09723 telephone: [358] (9) 616250 FAX: [358] (9) 6162 5800

      Flag description:

      white with a blue cross extending 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)

      Economy

       Finland

      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, engineering, telecommunications, and electronics industries. Trade is important; exports equal nearly two-fifths of GDP. Finland excels in high-tech exports, e.g., mobile phones. 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. High unemployment remains a persistent problem. In 2007 Russia announced plans to impose high tariffs on raw timber exported to Finland. The Finnish pulp and paper industry will be threatened if these duties are put into place in 2008 and 2009, and the matter is now being handled by the European Union.

      GDP (purchasing power parity):

      $188.4 billion (2007 est.)

      GDP (official exchange rate):

      $245 billion (2007 est.)

      GDP - real growth rate:

      4.5% (2007 est.)

      GDP - per capita (PPP):

      $36,000 (2007 est.)

      GDP - composition by sector:

      agriculture: 3.1% industry: 32.6% services: 64.3% (2007 est.)

      Labor force:

      2.675 million (2007 est.)

      Labor force - by occupation:

      agriculture and forestry 4.4%, industry 18.6%, construction 6%, commerce 16.3%, finance, insurance, and business services 13.9%, transport and communications 7.6%, public services 33.2% (2004)

      Unemployment rate:

      6.9% (2007 est.)

      Population below poverty line:

      NA%

      Household income or consumption by percentage share:

      lowest 10%: 4% highest 10%: 22.6% (2000)

      Distribution of family income - Gini index:

      26 (2005)

      Investment (gross fixed):

      20.3% of GDP (2007 est.)

      Budget:

      revenues: $62.02 billion expenditures: $58.16 billion (2007)

      Fiscal year:

      calendar year

      Public

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