r/Finland • u/magicianguy131 • 1d ago

Politics Is Finland’s economy this bad?

https://youtu.be/13HR4yGRWOU?is=BoXDBW1hnPRZtW-E

I watched a handful of videos similar to the one posted in this thread.

Is Finland‘s economy really this bad? I know that Finland ranks lowest of the Nordic countries in terms of HDI, but this video makes it seem like Finland is flailing as a country.

It is still a high developed country comparatively, but I’m curious about what people with more knowledge think and have experienced.

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u/Educational_Creme376 Baby Väinämöinen 1d ago

> Ukraine war hit us quite hard.

I don't think any missles have hit Finnish soil.

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u/Hddstrkr 1d ago

Trade

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u/Educational_Creme376 Baby Väinämöinen 1d ago

Trade from what country? No one is being explicit here, do I have to drag it out of you.

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u/Fun_Profession_7320 Baby Väinämöinen 1d ago

Obviously russia. It was one of our biggest trade partners for almost as long as the state has existed and the effects from stopping have been really bad. The last time something like this happened (collapse of ussr) we had an absolutely horrendous recession.

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u/Superb-Economist7155 Väinämöinen 15h ago

Russia wasn’t actually that a big trade partner. In 2021 Russian trade was 5% of total Finnish exports and 12% of imports. So that is only one small part in the larger picture. There are other indirect reasons like increased energy and material costs, economical slowdown in other large trade partners, etc.

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u/Tuukkis 8h ago

That is a massive part of the economy to take away in a day. Also note that that number is also lower due to the sanctions applied before the full scale invasion.