Åland's economy is heavily dominated by shipping, trade and tourism. Shipping represents about 40% of the economy, with several international carriers owned and operated off Åland. Most companies aside from shipping are small, with fewer than ten employees. Farming and fishing are important in combination with the food industry. A few high-profile technology companies contribute to a prosperous economy. Wind power is rapidly developing, aiming at reversing the direction in the cables to the mainland in coming years. In December 2011 wind power accounted for 31.48% of Åland's total electricity usage.
The main ports are Mariehamn (south), Berghamn (west) and Långnäs on the eastern shore of the Main Island.
Mariehamn was the base for the last large oceanic commercial sailing ships in the world. Their final tasks were bringing Australian wheat to Great Britain, on which Åland shipowner Gustav Erikson kept going until after WW2, 1947 being his last year. The ships latterly made only one round-trip from South Australia to Britain per year, (the grain race), after each marathon voyage going back to Mariehamn to lie up for a few months. The ship Pommern, now a museum in Mariehamn, was one of these last vessels.
The abolition of tax-free sales on ferry boats travelling between destinations within the European Union made Finland demand an exception for the Åland Islands on EU's VAT rules. The exception allows for maintained tax-free sales on the ferries between Sweden and Finland (provided they stop at Mariehamn or Långnäs) and at the airport, but has also made Åland a different tax-zone, meaning that tariffs must be levied on goods brought to the islands.
Unemployment is well below that of surrounding regions, 1.8% in 2004.
The Finnish State collects taxes, duties and fees also in Åland. In return, the Finnish Government places a sum of money at the disposal of the Åland Parliament. The sum is 0.45 per cent of total Government
