Finland Finland vs Netherlands Netherlands development indicators, 2024

Indicator
Finland
Finland, Value
Netherlands
Netherlands, Value
Finland
Finland, Rank
Netherlands
Netherlands, Rank
Finland Finland as % of
Netherlands Netherlands
Current account balance (% of GDP) 0.31 9.92 50 10 3.13 %
Exports of goods and services (% of GDP) 41.6 84.1 59 11 49.4 %
Foreign direct investment, net inflows (% of GDP) 0.661 -1.1 81 101
GDP per capita (current US$) 53,189 68,219 21 12 78 %
GDP per capita, PPP (current international US$) 64,091 84,218 27 11 76.1 %
Imports of goods and services (% of GDP) 40.9 72 70 20 56.8 %
Inflation, consumer prices (annual %) 1.57 3.35 125 65 46.8 %
Net migration 26,894 121,628 32 17 22.1 %
Population, total 5,637,214 17,994,237 116 71 31.3 %

Demography and Health

Finland and the Netherlands exhibit notable differences in demographic indicators and health metrics. The crude birth rate in Finland stands at 7.8 per 1,000 people, while the Netherlands has a slightly higher rate of 9.2, ranking 36th globally compared to Finland's 68th. On the other hand, the crude death rate is higher in Finland at 11 per 1,000, against the Netherlands' 9.5, which reflects in their respective global ranks of 41st and 62nd. Finland's life expectancy at birth is 81.7 years, while the Netherlands is marginally higher at 81.9 years. However, Finland performs better in under-5 mortality rates with 2.3 deaths per 1,000 live births versus the Netherlands' 4. There are commonalities as well; both countries have a prevalence of undernourishment at 2.5% of the population.

Economy

The economic landscape of the Netherlands contrasts sharply with that of Finland. The GDP per capita in the Netherlands is significantly higher at $68,219 compared to Finland's $53,189, with respective global ranks of 12th and 28th. Additionally, the Netherlands outpaces Finland in GDP per capita (PPP) at $84,218 versus $64,091. The exports of goods and services as a percentage of GDP reveal a striking difference, with the Netherlands at 84.1% (31st globally) compared to Finland's 41.6% (90th). The inflation rate is also higher in the Netherlands at 3.3% versus Finland's 1.6%. This suggests a more dynamic economic environment in the Netherlands.

Trade and Investment

In terms of trade and investment, the Netherlands maintains a more robust standing. It has a higher import rate of goods and services at 72% of GDP, in contrast to Finland's 40.9%. Finland's foreign direct investment (FDI) net inflows are negligible at 0.7%, while the Netherlands faces a net outflow of -1.1%, indicating a more favorable investment climate in Finland. The current account balance reflects this disparity; Finland shows a modest surplus of 0.3% of GDP, while the Netherlands boasts a surplus of 9.9%. Furthermore, high-technology exports heavily favor the Netherlands, which reported $111 billion, overshadowing Finland's $5.3 billion.

Governance and Institutions

Both nations score reasonably well in governance indicators. Finland is ranked higher in control of corruption (2.2 vs. 1.9) and has a slightly better government effectiveness score (1.7 vs. 1.6). The rule of law is another area where Finland excels, attaining a score of 2, which places it second globally, while the Netherlands scores 1.6 and ranks 17th. Political stability is equivalent in both countries at 0.7. Finland's regulatory quality is slightly better at 1.8 compared to the Netherlands' 1.8, but with Finland achieving a higher rank (10th) versus the Netherlands (8th).

Infrastructure and Technology

Both Finland and the Netherlands share excellence in logistics performance, with scores of 4.2. However, Finland leads in internet penetration, with 93.5% of its population using the internet compared to 97% in the Netherlands. This high internet utilization fosters a more innovative environment conducive to technological advancements. In terms of research and development (R&D) expenditure, Finland invests 3% of its GDP, surpassing the Netherlands' 2.3%, indicating a strong commitment to innovation. Moreover, Finland ranks 8th globally for its patent applications, while the Netherlands ranks 5th, reflecting a significant focus on intellectual property and technological growth in both nations.

Environment and Sustainability

Finland excels in renewable energy consumption, with 50.2% of its total energy consumption sourced from renewables, ranking 2nd globally, in stark contrast to the Netherlands, which lags at 12.2% (25th). In terms of greenhouse gas emissions, Finland has a per capita emission of 7.8 tons CO2e, slightly lower than the Netherlands' 8.4 tons, indicating a more sustainable approach to energy consumption. Both nations face water stress, but Finland exhibits a lower proportion of freshwater withdrawal (7.1% vs. 16.1%). This environmental commitment showcased by Finland reflects a broader societal focus on sustainability and climate action.