Gross domestic product (GDP) per capita in rural areas
Finland's gross domestic product (GDP) per capital adjusted by purchasing power is above the EU average when comparing the full-country GDP with the average GDP in EU states. In 2020, GDP per capita adjusted by purchasing power was EUR 33,700, while the EU average was EUR 29,900. In 2005–2020, Finland's and EU average GDP per capita adjusted by purchasing power was at its highest in 2019.
GDP per capita in rural areas has been below the EU average in several years. The most recent area-specific figures are available from 2019 when GDP in rural areas in Finland was 92 per cent of the EU average. In urban and also occasionally in intermediate areas, GDP has been above the EU average. In urban areas, GDP in Finland has been at its best even 60 per cent higher that EU average. In the year 2019 GDP in Finland was as much as 43 per cent higher than EU average. In rural areas, the proportion of the rural population is more than 50 per cent, while in intermediate areas the proportion is 20–50 per cent.
Description of the indicator
The indicator measures GDP per capita in rural areas and its relation to other areas. GDP measures economic growth. The indicator helps to evaluate economic development in rural areas and its relation to overall social development.
Eurostat database is the source of the figures. The indicator data presents GDP per capita adjusted by purchasing power regarding the whole of Finland and the EU28 area at market prices in the EU urban-rural typology in 2005–2017.
When income taxes calculated at the level of national economy are added to gross value added at basic prices, and product subsidies calculated at the level of national economy are deducted, the result is GDP at market prices, i.e. internationally available GDP data.
In national accounting, value added means the difference between input and intermediate consumption, i.e. the added value resulting from production factors used in production. In national accounting, salaries, social security expenses and the consumption of fixed assets comprise gross value added. The gross value added generated collectively by all producers forms gross value added at basic prices of the entire national economy.
This indicator is one of the CAP impact indicators.