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Finance of Finland

The minimum monthly wage in Finland
is not regulated by the government. Finland has a government debt of 18.1% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Finland is 2.2%. The currency of Finland is euro. There are several plural forms of the name 'euro'. These are euro, euros. The symbol used for this currency is €, and it is abbreviated as EUR. The euro is divided into cent; there are 100 in one euro. Each year, consumers spend around $147,440 million. The ratio of consumer spending to GDP in Finland is 0.06%, and the ratio of consumer spending to the world consumer market is 34%. The corporate tax in Finland is set at 20%. Personal income tax ranges from 6.5% to 30%, depending on your specific situation and income level. VAT in Finland is 24%.

Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Finland is $221,653 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Finland was last recorded at $39,991,397. PPP in Finland is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Finland is 267,329 billion. Based on this statistic, Finland is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Finland. The Gross Domestic Product (GDP) per capita in Finland was last recorded at $48,232,419. The average citizen in Finland has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Finland averaged -0.2% in 2014. According to this percentage, Finland is currently experiencing modest decline. Countries that are experiencing modest decline may see a small reduction in personal consumption, employment rate, or personal income. A modest decline in GDP can signal a risky location for investments; however, some strong economic nations occasionally experience modest decline and are still safe investment locations.