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
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Finland Total Energy 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)
Interactive Chart Finland Total Energy Consumption
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 Crude Oil Production
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.
Interactive Chart Finland Crude Oil Production
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 Oil Products Consumption
Oil product consumption decreased by 13% in 2023, reaching 6.5 Mt, following a 2% decrease in 2022.It dropped by 6% in 2020 and declined regularly before that, around 2%/year since its peak at 10 Mt in 2007 and 2019.
Transport is the largest consuming sector for oil products, although its share is relatively modest (47% in 2023). Industry and non-energy-uses account for 28%, buildings (residential and services) for 12%, and district heating for 13%.
Graph: OIL CONSUMPTION (Mt)
Interactive Chart Finland Refined Oil Products Production
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 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, %)
Interactive Chart Finland Natural Gas Domestic Consumption
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 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)
Interactive Chart Finland Coal and Lignite Domestic Consumption
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 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 regularly increased around1.8%/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, %)
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.
Interactive Chart Finland Share of Renewables in Electricity Production (incl hydro)
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 CO2 Fuel Combustion/CO2 Emissions
Total GHG emissions have decreased by 4.5%/year on average since 2010, reaching 45 MtCO2eq in 2022.