Finland is a country that highly industrialized and has the mostly free-market economy with per capita GDP nearly as high as that of Austria and the Netherlands and a bit above that of Germany and Belgium. In recent years, Finland has a high dependence on trade with exports that accounting for over one-third of GDP. The government also takes the initiative to open and attract more foreign direct investment to invest in their country.
Finland is formerly competitive in manufacturing, especially in the wood, metal, engineering, telecommunications, and electronics industries. Finland also does well in the promotion of startup industries in the biotechnology, gaming, clean technology and communication technology sectors. There are some exceptions for timber and several minerals because Finland depends on imports of raw materials, energy, and some components for manufactured goods. Agricultural development is effected by the cold climate so it is limited to maintain self-sufficiency in basic products. Besides that, forestry is an important export industry to provide a secondary occupation for the rural population.