Finland Unemployment Rate and GDP

The unemployment rate in Finland was last reported at 8.5 percent in March of 2012. From 1988 until 2010, Finland´s unemployment rate averaged 9.50 percent reaching an historical high of 17.60 percent in December of 1993 and a record low of 2.90 percent in November 1989. The labour force is defined as the number of people employed plus the number unemployed but seeking work. The nonlabour force includes those who are not looking for work, those who are institutionalized and those serving in the military.

Finland Gross Domestic Product (GDP) is worth 239 billion dollars or 0.39% of the world economy, according to the World Bank. Historically, from 1960 until 2010, Finland´s average GDP was 85.81 billion dollars reaching an historical high of 210.48 billion dollars in December 2008 and a record low of 5.22 billion dollars in December 1960. Trade is important, with export equaling almost one-third of the GDP.

 

Source: http://www.arvopaperi.fi/

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