72587 World Trade Indicators 2009/10 Finland: Trade-at-a-Glance Table 2008 GDP 2008 GDP 2008 Share 2008 Trade Membership No. of FTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $271,282 $51,062 0.61% $44,687 1950 1995 27 5 TRADE PERFORMANCE‡ Finland Ranking Decile HI OECD High inc TRADE POLICY (TP) (out of 125) 25 2 EXTERNAL ENVIRONMENT (EE) (out of 125) 82 7 INSTITUTIONAL ENVIRONMENT (IE) (out of 183) 16 1 TRADE FACILITATION (TF) (out of 155) 12 1 TRADE OUTCOME (TO) (out of 157) 143 10 Outer bound represents best value in latest year ‡ Rankings are based on the representative indicators (in bold) in each group below for the latest year TRADE POLICY (TP) 1995-99^ 2000-04^ 2005-08^ Latest Tariff Trade Restrictiveness Index TTRI (MFN applied tariff) 3.9 4.1 4.1 * TTRI (applied tariff including preferences) .. 1.6 1.8 * MFN applied tariff (spl avg) OTRI (Overall TRI, applied tariff incl. prefs.+NTMs) .. 6.5 6.4 * MFN applied tariff - simple avg (%) 7.9 6.1 5.3 5.5 TTRI (MFN) Dispersion (coefficient of variation) 4.4 10.1 1.8 2.0 Maximum rate (excl. alcohol and tobacco) .. .. 208.1 228.8 Agriculture - simple avg (%) 26.4 19.1 15.2 16.7 MFN applied tariff (wgt avg) Nonagriculture - simple avg (%) 5.2 4.2 3.9 3.8 MFN applied tariff - trade weighted avg (%) 5.7 3.5 3.2 3.2 Applied tariff (wgt avg) Applied tariff (incl. prefs.) - trade weighted avg (%) 4.3 2.2 2.0 2.1 Agriculture 20.4 11.2 9.6 10.1 Import duties Nonagriculture 2.9 1.6 1.6 1.6 Applied tariff (incl. prefs.) - production weighted avg (%) .. 1.5 1.0 * 0 10 20 30 MFN applied tariff escalation (finished % minus raw %) -0.3 1.0 1.0 * Finland HI OECD High inc Agriculture .. 7.4 14.9 16.5 Nonagriculture .. -2.2 1.0 0.9 Import duties (% of imports) 0.0 0.0 .. .. Tariff overhang (MFN bound minus MFN applied rate,%) -0.3 1.4 0.1 0.0 GATS commit. Bound tariff frequency ratio (% of total lines) 100.0 100.0 100.0 100.0 index Non-ad valorem tariff frequency ratio (%) 3.2 3.7 12.0 10.5 Non-tariff measures frequency ratio (%) 34.4 .. .. .. 0 40 80 Anti-dumping initiations 38.2 22.8 21.8 19.0 Finland HI OECD High inc Overall GATS commitment index (0-100, best) .. 57.18 57.18 * EXTERNAL ENVIRONMENT (EE) 1995-99^ 2000-04^ 2005-08^ Latest Market Access-TTRI (MA-TTRI, applied tariff incl. prefs.) 4.8 4.4 * MA-TTRI MA-OTRI (applied tariff incl. prefs. and NTMs) 14.3 9.1 * ROW applied tariff (incl. prefs.) - trade weighted avg (%) 5.4 4.2 3.7 3.6 ROW applied(wgt avg) Agriculture 13.8 15.4 12.3 14.7 Nonagriculture 5.1 3.9 3.3 2.9 MFN zero-duty exports (% of total exports) 19.4 39.6 45.1 46.0 * MFN zero duty exports (%) Exports to FTA / CU partners (% of total exports) 61.2 63.1 64.0 64.6 Finland HI OECD High inc Anti-dumping initiations faced 3.2 8.8 1.8 1.0 0 1 All numbers normalized to a 0 to 1 scale Real effective exchange rate (% change,+ =apprec.) 0.1 0.3 0.4 2.6 All data are as of January 2010 and are drawn from the World Trade Indicators 2009/10 Database. The database, Trade-at-a-Glance Tables, Country Trade Briefs and User Guide, are available at http://www.worldbank.org/wti. ^ Indicators shown are period averages. "Latest" indicates 2008, when not available, 2006 or 2007 (noted by *). EAP: East Asia and Pacific, ECA: Europe and Central Asia, LAC: Latin America and the Caribbean, MNA: Middle East and North Africa, SAS: South Asia, SSA: Sub-Saharan Africa. GATT: General Agreement on Tariffs and Trade; WTO: World Trade Organization; FTA: free trade agreement; EIA: economic integration arrangement; NTM: nontariff measures; ROW: rest of the world; CU: customs union; ".." indicates missing value. World Trade Indicators 2009/10 Trade-at-a-Glance Tables INSTITUTIONAL ENVIRONMENT (IE) 2006 2007 2008 2009 Ease of Doing Business (rank out of 183) .. 13 14 16 Ease of Starting a business (rank) .. 15 20 30 Doing 160 Business Enforcing contracts (rank) .. 6 4 8 Rank Closing a business (rank) .. 5 5 5 80 World Governance Indicators (WGI) 2005 2006 2007 2008 Finland Regulatory Quality (-2.5 to +2.5, best) 1.76 1.76 1.67 1.58 HI OECD Rule of Law (-2.5 to +2.5, best) 1.94 1.96 1.89 1.87 High inc 0 Control of Corruption (-2.5 to +2.5, best) 2.38 2.56 2.58 2.34 TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-08^ Latest Logistics Performance Index (LPI, 1 to 5 best) .. .. 3.8 3.9 Efficiency of customs and other border procedures .. .. 3.7 3.9 Quality of transport and IT infrastructure .. .. 3.8 4.1 Logistics Performance Ease of arranging competitively-priced shipments .. .. 3.3 3.4 Index Logistics competence .. .. 3.9 3.9 Ability to track and trace shipments .. .. 4.2 4.1 0 2 4 Timeliness of shipments .. .. 4.2 4.1 Finland HI OECD High inc Trading Across Borders (Doing Business, rank out of 183) 4 4 No. of documents required for export .. .. 4 4 200 No. of days required to export .. .. 8 8 160 Cost to export (US$ per container) .. .. 439 540 120 No. of documents required for import .. .. 5 5 80 No. of days required to import .. .. 8 8 40 Cost to import (US$ per container) .. .. 459 620 0 Telephones (fixed + mobile) per 100 people 97.4 136.4 148.1 159.6 Trading Across Borders Rank Internet users per 100 people 21.6 55.7 76.3 78.8 * Finland HI OECD High inc Export credit insured exposures - short term (% of goods export) .. 32.1 34.9 TRADE OUTCOME (TO)# 1995-99^ 2000-04^ 2005-08^ Latest Real growth in trade of goods and services (%) ## 8.7 6.3 5.6 -1.1 Real Trade Growth Rate 10 Exports 9.8 5.8 5.7 -0.9 8 8.7 8.7 8.4 Imports 7.5 6.9 5.6 -1.3 6 6.6 6.3 5.8 6.7 5.8 5.6 Goods 9.4 6.4 6.3 -3.0 4 2.7 Services 1.9 10.9 8.0 2.7 2 2.3 Nominal growth in trade of goods and services (%) 6.5 10.5 14.2 10.7 0 -1.1 -2 1995-99 2000-04 2005-07 2008 Exports 7.4 9.7 12.9 8.8 Imports 5.4 11.4 15.8 12.9 Finland HI OECD Trade integration (trade as % of GDP) 67.2 73.1 84.5 85.0 High inc Goods balance (% GDP) 9.3 9.1 4.6 3.2 Export Composition (2005-08) Food balance (% GDP) -0.8 -0.8 -0.9 -1.0 Oth com Services balance (% GDP) -1.2 0.1 0.0 0.4 Travel , ser, 14.3 2.6 Goods share of total exports (%) 85.8 82.3 79.8 78.5 Transport Agric, 5.8 , 2.9 Services share of total exports (%) 14.2 17.7 20.2 21.5 Goods exports as a share of world goods exports (rank)** 30 32 36 36 Minral, 3.6 Services exports as share of world services exports (rank)** 37 34 32 32 Fuels, 4.0 Foreign Direct Investment (FDI) inflows (% of GDP) 3.2 4.0 3.3 4.7 * Total remittances inflows (% GDP) 0.2 0.4 0.3 0.3 Export product concentration index (0-100, most) 19.9 21.6 17.2 15.7 Manufac, 65.8 Export market concentration index (0-100, most) 23.2 22.8 20.0 17.0 Top 5 export markets (shares) Russian (12%), Sweden (10%), Germany (10%), USA (6%), UK (5%) Top 5 import markets (shares) Russian (16%), Germany (16%), Sweden (14%), Netherlands (6%), China, People's Rep. of (5%) Top 5 export products (SITC 3 digit-shares) 764-Telecom eqpt (13%), 641-Paper (12%), 334-Hvy petrol. (7%), 675-Flat rolled alloy steel (4%), 781-Cars (3%) Top 5 import products (SITC 3 digit-shares) 333-Petrol, crude (9%), 764-Telecom eqpt (7%), 781-Cars (6%), 334-Hvy petrol. (4%), 542-Medicaments (2%) ^ Indicators shown are period averages (except for Trading Across Borders rank: 2005-08 reflects 2008). "Latest" indicates 2008 (for Doing Business, LPI 2009), when not available, 2006 or 2007 (noted by *). # Outcome indicators are from the World Bank Development Data Group, Prospects Group, UNCTAD and COMTRADE. ## In constant 2000 US dollars. ** Rank is based on average annual world share for each period. The sample sizes are 173, 179, 180 and 173 countries, respectively.