Republic of Finland

Finland (pronounced /ˈfɪnlənd/ (help·info)), officially the Republic of Finland Finnish: Suomi; Swedish: Finland (help·info), is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden on the west, Norway on the north and Russia on the east, while Estonia lies to its south across the Gulf of Finland.

Around 5.4 million people reside in Finland, with the majority concentrated in the southern region. It is the eighth largest country in Europe in terms of area and the most sparsely populated country in the European Union. Finland is a parliamentary republic with a central government based in Helsinki and local governments in 342 municipalities. A total of about one million residents live in the Greater Helsinki area (which includes Helsinki, Espoo, Kauniainen and Vantaa), and a third of the country's GDP is produced there. Other larger cities include Tampere, Turku, Oulu, Jyväskylä, Lahti, Kuopio and Kouvola.

Finland was historically a part of Sweden and from 1809 on, an autonomous Grand Duchy within the Russian Empire. Finland's declaration of independence from Russia in 1917 was followed by a civil war, wars against the Soviet Union and Nazi Germany, and a period of official neutrality during the Cold War. Finland joined the United Nations in 1955, the OECD in 1969, the European Union in 1995, and the eurozone since its inception.

Finland was a relative latecomer to industrialization, remaining a largely agrarian country until the 1950s. Thereafter, economic development was rapid, Finland built an extensive welfare state and balanced between the East and the West in global economics and politics.

Finland tops continuously the international comparisons of national performance. Finland ranks the best country in the world in the 2010 Newsweek survey based on health, economic dynamism, education, political environment and quality of life. Finland has also been ranked the second most stable country in the world and the first in the 2009 Legatum Prosperity rating.