The economic growth in Finland slowed down in 2012, one of the principal reasons for which is that Finland's export declined owing to the global economic downturn. Domestic consumption became the most important driving force for economic growth in Finland. A presidential election was held in 2012, with Sauli Niinistö elected the 20th president of Finland. According to the latest survey by Transparency International, Finland ranks second in the Corruption Perceptions Index and is perceived to be one of the least corrupt of all the countries surveyed.
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