Finland Finland vs France France development indicators, 2024

Indicator
Finland
Finland, Value
France
France, Value
Finland
Finland, Rank
France
France, Rank
Finland Finland as % of
France France
Current account balance (% of GDP) 0.31 0.392 50 49 79.2 %
Exports of goods and services (% of GDP) 41.6 33.2 59 75 125 %
Foreign direct investment, net inflows (% of GDP) 0.661 1.75 81 63 37.7 %
GDP per capita (current US$) 53,189 46,150 21 26 115 %
GDP per capita, PPP (current international US$) 64,091 61,322 27 28 105 %
Imports of goods and services (% of GDP) 40.9 34 70 85 120 %
Inflation, consumer prices (annual %) 1.57 2 125 114 78.3 %
Net migration 26,894 90,527 32 20 29.7 %
Population, total 5,637,214 68,516,699 116 23 8.23 %

Demography and Health

Finland has a crude birth rate of 7.8 per 1,000 people, which is lower than France's 9.9, ranking Finland 68th while France ranks 19th. Conversely, Finland's crude death rate is higher at 11 per 1,000 than France's 9.2, placing Finland 41st and France 65th. The life expectancy at birth in Finland is 81.7 years, slightly lower than France's 82.9 years. Finland also shows a lower under-5 mortality rate at 2.3 per 1,000 live births compared to France's 4.3, ranking Finland at 72nd against France at 19th. Finland's prevalence of undernourishment stands at 2.5%, identical to France, indicating a similar level of food security. Net migration figures show Finland attracting 26,894 new residents compared to France's 90,527, hinting at a more substantial influx into France. Finland's suicide mortality rate is 14.6 per 100,000 population, lower than France's 16.6, placing both countries high in the global ranking of this indicator, with Finland ranked 9th and France 4th.

Economy

Finland's GDP per capita (current US$) stands at 53,189, higher than France's 46,150, putting Finland 28th and France 37th globally. In terms of purchasing power parity (PPP), Finland again leads with 64,091 compared to France's 61,322. The inflation rate for Finland is lower at 1.6% against France's 2%, ranking Finland 101st and France 93rd globally. In terms of trade, Finland's exports of goods and services as a percentage of GDP is remarkable at 41.6%, significantly surpassing France's 33.2%, indicating a highly export-driven economy. Imports as a percentage of GDP reflect a similar trend with Finland at 40.9% and France at 34%. Yet, foreign direct investment net inflows as a percentage of GDP are comparatively low in Finland at 0.7%, while France sees higher inflows at 1.8%, ranking Finland at 87th and France at 80th.

Trade and Investment

Finland excels in high-technology exports, with a total value of 5.3 billion US dollars, although this is far less than the massive 115.3 billion US dollars for France, ranking Finland 49th and France 4th. In terms of the logistics performance index, Finland achieves a score of 4.2, outperforming France's 3.8, highlighting better trade and transport-related infrastructure in Finland, which ranks 2nd compared to France's 8th.

Governance and Institutions

Finland showcases strong governance quality indicators with control of corruption scoring 2.2 versus France’s 1.2, ranking Finland 6th globally against France's 32nd. The government effectiveness score for Finland is 1.7, surpassing France's 1.1, placing Finland 8th compared to France's 31st. In the realm of political stability and the absence of violence/terrorism, Finland scores 0.7, again higher than France's 0.3, indicating higher stability, with Finland ranked 36th versus France's 73rd. Finland exhibits remarkable regulatory quality and rule of law scores, measuring 1.8 and 2.0 respectively, placing it at 10th and 2nd globally, while France fares less well at 42nd and 34th.

Infrastructure and Technology

In terms of internet accessibility, Finland leads with 93.5% of its population using the Internet, compared to France’s 86.8%, reflecting a more digitally connected society, with Finland ranked 24th against France's 64th. When it comes to research and development expenditure as a percentage of GDP, Finland's investment is 3.0% while France invests 2.2%, putting Finland in 10th position globally compared to France’s 15th. The availability and quality of infrastructure are affirmed by Finland's superior logistics performance index (4.2) contrasted with France’s 3.8.

Environment and Sustainability

Finland stands out in renewable energy consumption, with 50.2% of its total energy coming from renewable sources, a stark contrast to France's 16.2%, ranking Finland 2nd while France ranks 20th globally. However, Finland has a higher total greenhouse gas emissions per capita at 7.8 tons of CO2e compared to France's 5.6 tons, placing Finland at 39th and France at 71st. Finland manages its freshwater resources well with only 7.1% of available freshwater being withdrawn, significantly lower than France's 21.6%, ranking Finland at 20th globally while France takes the 11th position. These trends indicate Finland’s commitment to sustainability, albeit with challenges in carbon emissions.