Finland has a industrial economy based on abundant forest resources, capital investments, and technology. Traditionally, Finland has been a net importer of capital to finance industrial growth. In the 1980s, Finland's economic growth rate was one of the highest of industrialized countries.
Finland has been among the fastest-growing economies in the European Union (EU) for several years, with GDP reaching 5.6% in 2000, fueled by the booming Nokia-led electronics industry. With an export-led recovery from a severe recession triggered by the collapse of the Soviet market in early 1990s, GDP has grown at an annual average rate of 4.8% since 1994. …
