Finland vs North Korea: Economic Indicators Comparison

Finland with a GDP of $276.7B ranked the 43rd largest economy in the world, while North Korea ranked 89th with $43.3B. By GDP 5-years average growth and GDP per capita, Finland and North Korea ranked 148th vs 172nd and 17th vs 154th, respectively.

Gross Domestic Product & Income

Stat	Finland	North Korea
GDP	$276.7B	$43.3B
GDP growth, 1 year	2.4%	-4.1%
GDP growth, 5-years average	1.4%	-0.8%
Population	5.5M	25.5M
GDP per capita	$50k	$1.7k
GDP per capita growth	1.49%	N/A
Purchasing Power Parity conversion factor	0.88	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	1.04	N/A
GDP per capita, PPP adjusted	$46k	$1.7k
GNI, Atlas method	$266.4B	N/A
GNI per capita	$48k	N/A
GNI, PPP adjusted	$268.1B	N/A
GNI per capita, PPP adjusted	$49k	N/A

Financial system and Human development

Stat	Finland	North Korea
Income Tax Rate	31.3%	N/A
Corporate Tax Rate	20%	N/A
Inflation, consumer prices	1.2%	N/A
Inflation, GDP deflator	2.1%	N/A
Unemployment	7.8%	3.3%
Economic Freedom Index	75.7	4.2
Personal Freedom Index	9.5	1.4
Human Freedom Index	8.7	1.4
Property Rights Index	92.3	20.1
Judical Effectiveness Index	80.5	5
Business Freedom Index	84.8	5
Fiscal Health Index	90.7	0
Labor Freedom Index	50.3	5
Investment Freedom Index	85	0
Financial Freedom Index	80	0
Trade Freedom Index	86.4	0
Monetary Freedom Index	83.6	0
Government Spending Index	11.2	0
Tax Burden Index	67.5	0
Government Integrity Index	96.1	15.1
Corruption Perceptions Index	85	14
Life expectancy at birth, years	81.4	71.9
Suicide mortality rate, per 100,000 people	15.9	11.2
Mortality caused by road traffic injury, per 100,000 people	4.7	20.8
Intentional homicides, per 100,000 people	1.2	4.4
International tourism, number of arrivals	3.2M	N/A

Government debt & reserves

Stat	Finland	North Korea
Central government debt, % of GDP	60.5%	N/A
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	10.2%	N/A
Gross savings, % of GDP	23.9%	N/A
Gross capital formation, % of GDP	24.9%	N/A
Total reserves including gold	$10.3B	N/A
Foreign direct investment net inflows	-$4.9B	$52M

Exports, imports and economic structure

Stat	Finland	North Korea
Exports of goods and services, % of GDP	38.6%	N/A
Imports of goods and services, % of GDP	39.3%	N/A
Current account balance (balance of payments)	-$4.5B	N/A
Revenue excluding grants, % of GDP	36.6%	N/A
Grants excluding technical cooperation, BoP	N/A	$118.5M
Personal remittances received	$949.7M	N/A
Industry including construction value added, % of GDP	24.5%	N/A
Agriculture, forestry and fishing value added, % of GDP	2.5%	N/A
Charges for the use of intellectual property, payments BoP	$1.1B	N/A
Charges for the use of intellectual property, receipts BoP	$3.4B	N/A
Expense, % of GDP	37.9%	N/A
Government Expenditure, % of GDP	54.4%	N/A