Finland Key Figures
- Population:
- 5.58 million
- GDP growth rate:
- -1.0 %/year
- Energy independence:
- 66.7%
Data of the last year available: 2023
- Total consumption/GDP:*
- 83.2 (2005=100)
- CO2 Emissions:
- 5.38 tCO2/capita
- Rate of T&D power losses:
- 3.63%
* at purchasing power parity
View all macro and energy indicators in the Finland energy report
Finland Energy News
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Finland Energy Research
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
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Finland Total Energy Production & Consumption
Total energy consumption per capita is twice as high as the EU average, at 5.9 toe in 2023, including over 13 800 kWh of electricity per capita (2.9-fold higher than the EU average). The gap is due to a high share of pulp and paper industry activity.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Source: Finland energy report
Interactive Chart Finland Total Energy Production & Consumption
Source: Global Energy & CO2 data
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Finland energy report
Finland Oil Production & Consumption
Oil supplies are primarily ensured by imports, particularly crude oil (around 75%) in 2023. In 2022, Finland drastically reduced oil imports from Russia (17%), a country on which it used to be primarily dependent (64% of imports in 2021), and quadrupled imports from Norway (65% of imports and 5.7 Mt). Finland is a net exporter of oil products, mainly to Sweden ($1.86bn of refined petroleum) and the United States ($1.28bn). In April 2022, Finland agreed to release 369 kbl of crude oil from its emergency supply in an attempt to ease prices.
Source: Finland energy report
Interactive Chart Finland Crude Oil Production & Consumption
Source: Global Energy & CO2 data
Interactive Chart Finland Refined Oil Products Production & Consumption
Source: Global Energy & CO2 data
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Additionally, for more detailed information on refineries, you can request a sample of our EMEA Refineries Dataset
Finland Natural Gas Production & Consumption
In 2023, gas consumption grew by 15% to 1.5 bcm, after a 48% drop in 2022. Gas consumption has remained stable at around 2.6 bcm since 2018. Previously, it had declined very rapidly (9%/year) between 2011 and 2017 to 2.3 bcm.
Industry accounted for 43% of the gas consumption in 2023, followed by power plants (11%) and buildings (2%).
Graph: NATURAL GAS CONSUMPTION (bcm)
Graph: GAS CONSUMPTION BREAKDOWN BY SECTOR (2023, %)
Source: Finland energy report
Interactive Chart Finland Gas Production & Consumption
Source: Global Energy & CO2 data
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Additionally, for more detailed information on the LNG trade, you can request a sample of our EMEA LNG Trade Dataset
Finland Coal and Lignite Production & Consumption
In 2023, coal and peat consumption decreased by 29% to 5 Mt. Coal and peat consumption, which had remained roughly stable between 2015 and 2018, fell by 15% in 2019 and 23% in 2020 and remained stable in 2021 and 2022 at around 7 Mt (of which, 60% peat), due to lower demand from the power sector.
The power sector is the main consumer of coal and peat, with 47% of total consumption in 2023 (of which, 40% peat), followed by industry (41%).
Graph: COAL CONSUMPTION (Mt)
Source: Finland energy report
Interactive Chart Finland Coal and Lignite Production & Consumption
Source: Global Energy & CO2 data
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
View the detailed consumption trends at country level (graphs, tables, analysis) in the Finland energy report
Finland Power Production & Consumption
Electricity consumption decreased by 3% in 2023 to 77 TWh, after a 6% decrease in 2023 and a 6.8% rebound in 2021. Previously, it increased regularly by around 1.8%/year between 2015 and 2018.
The share of industry in electricity consumption was 43% in 2023, compared to 28% for the residential sector and 21% for services.
Graph: ELECTRICITY CONSUMPTION (TWh)
Graph: ELECTRICITY CONSUMPTION BREAKDOWN BY SECTOR (2023, %)
Source: Finland energy report
Interactive Chart Finland Power Production & Consumption
Source: Global Energy & CO2 data
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
View the detailed consumption trends at country level (graphs, tables, analysis) in the Finland energy report
Finland Renewable in % Electricity Production
Motiva is also in charge of renewables.
According to Finland's 2024 NECP, renewables are expected to account for at least 62% of the country's final energy consumption in 2030 (of which, 29% for road transport). This share reached 51% in 2023, of which 52.4% for electricity, 61.3% for heating, and 20.6% for transport. The share of renewables in transport is the second highest in the EU, behind Sweden with 33.7% in 2023.
The target set in the Directive on Renewables for a 38% share of renewables in 2020 was achieved in 2014 and exceeded by 6 points in 2020.
Source: Finland energy report
Interactive Chart Finland Share of Renewables in Electricity Production (incl hydro)
Source: Global Energy & CO2 data
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Learn more about renewables in the European Battery Market Analysis
Finland GHG emissions and CO2 emissions
Total GHG emissions have decreased by 4.5%/year on average since 2010, reaching 45 MtCO2eq in 2022.
Source: Finland energy report
Interactive Chart Finland CO2 emissions
Source: Global Energy & CO2 data
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
View the detailed consumption trends at country level (graphs, tables, analysis) in the Finland energy report