The atmospheric concentrations of seventeen elements were measured in air filters at the Finnish Meteorological Institute station in Helsinki, Finland, during a period of 44 years (1962–2005). The mean annual concentrations were calculated and are presented from the lowest values to the highest ones Cr < Ni < Ti < Br < V < Mn < Cu < Zn < Cl < Al < Fe < K < Ca < Na < Pb < Si < S. Most of the elements (Fe, Si, Ti, K, Ca, Zn, Br, Pb, V, Ni, S, Cr, Na, Al, and Cl) present higher values during spring and winter season, while in summer the elements (Ti, Ca, S, and Na) are found in higher concentrationsdue to the weather conditions across seasons and the sources and emissions of air pollutants. There is a strong correlation between the elements (V-Ni, Si-Pb, Fe-Ca, V-Cr, Si-K, K-Ca, Fe-Ti, K-Na, Si-Ca, and V-S), indicating their common source. The identification of the sources of trace elements was performed based on positive matrix factorization analysis, using SoFi software. Four Suspended Particulate Matter (PM) sources were identified: road dust (due to usage of leaded fuel), heavy oil combustion/secondary sulfates, traffic emissions, and natural dust (soil). For the total of 44 years studied, significant decreases in concentrations were observed for all elements, most of which were over 50%: Na (−74%), Al (−86%), Si (−88%), S (−82%), K (−82%), Ca (−89%), Ti (−80%), V (−89%), Cr (−82%), Mn (−77%), Fe (−77%), Ni (−61%), Zn (−72%), and Pb (−95%). In general, a significant decline has been observed in the majority of the elemental concentrations since the end of the 1970s, underlying the effectiveness of different environmental policies that have been applied during the last few decades.