|Finnish economy going strong|
2012 Other | Written by Magdalena Tomasik | Wednesday, 01 August 2012
Most recent reports from the Fininish Ministry of Finance show, that Finland stands miles away from the European crisis.
In past few decades, the country´s mixed economy has been mostly dominated by services, including tourism and science. Manufacturing and refining seem to be competitive and covers close to 30% of all national income. The recent reports pointed that in the light of crisis, Finnish revenue is still bigger than its debt.
According to the Moody´s Corporation, Finland which is the land of reindeers and beautiful landscapes is currently the only country left with undoubted, stable and strong economy.
Finland, being a member of European Union with the area reaching almost 350.000 sq km but where the population does not exceed 5.500.000. In 2011 the country managed $49,349 GDP per capita, what placed it on the 3rd position among other highly industrialized countries.
Moody´s Corporation calculated that Finnish government will collect taxes and other revenues of €105bn this year, compared with €101bn of government debt what leaves the country on plus at the end of the year.
Moody´s is an international company to provide with credit ratings, research, tools and analysis that greatly contribute transparent and integrated financial markets.