
Finland

Finland
Population
5,646,436 (2025)
Average Monthly Net Salary (USD)
3,200
Average Mortgage Rate
2.84%
Annual GDP (USD)
317,039,368,820 (2025)
National Debt (USD)
187,032,100,000 (2026)
Unemployment Rate
9.46% (2025)
Armed Forces (active & reserve)
257,250
Military Expenditure (% GDP)
2.30% (2024)
Fertility Rate
1.25 (2024)
Life Expectancy at birth
82.3 years (2024)
Population Growth
0.47% (2025)
Net Migration
18,246 (2025)
Notable Facts
Finland is a Nordic country situated in Northern Europe, bordered by Sweden to the west, Norway to the north, and Russia to the east. The nation’s southern and western borders are defined by the Baltic Sea, specifically the Gulf of Finland and the Gulf of Bothnia. Geologically, the country sits on the Baltic Shield, a stable region of ancient Precambrian rock, primarily granite. The landscape was heavily sculpted by the last glacial period, which left behind a relatively flat or undulating terrain characterized by thousands of lakes and a labyrinth of islands along the coast. The highest elevations are found in the northwestern "arm" of the country, where the Scandinavian Mountains provide more rugged terrain, culminating in Mount Halti at 1,328 meters.
The topography of Finland is dominated by inland water and forest, with nearly 10% of its surface covered by lakes and rivers. The Lake District in the central and southeastern parts of the country is home to Lake Saimaa, the largest lake in the nation and one of the largest in Europe. Another significant geographic feature is the Salpausselkä, a system of three parallel ridges formed by glacial deposits that run across the southern part of the country. Because the land was depressed by the weight of massive ice sheets during the Pleistocene, a process known as post-glacial rebound is still occurring, causing the coastline to slowly rise and creating new land at a rate of several millimeters per year.
Finland is a parliamentary republic with a governance structure based on the Constitution of 2000. The executive branch is led by a Prime Minister, who serves as the head of government and is chosen by the Parliament, typically as the leader of the largest party in a coalition. The President of the Republic serves as the head of state and is elected by popular vote for a six-year term. While the President’s domestic powers were significantly reduced in the late 20th century, they still play a lead role in foreign policy in cooperation with the government and serve as the commander-in-chief of the Finnish Defence Forces. The Parliament, or Eduskunta, is a unicameral body consisting of 200 members elected every four years.