>>> def divide(x, y):
...     try:
...         result = x / y
...     except ZeroDivisionError:
...         print("division by zero!")
...     else:
...         print("result is", result)
...     finally:
...         print("executing finally clause")
...
>>> divide(2, 1)
result is 2.0
executing finally clause
>>> divide(2, 0)
division by zero!
executing finally clause
>>> divide("2", "1")
executing finally clause
Traceback (most recent call last):
  File "<stdin>", line 1, in <module>
  File "<stdin>", line 3, in divide
TypeError: unsupported operand type(s) for /: 'str' and 'str'

else:

The else clause must follow all except clauses. It is useful for code that must be executed if the try clause does not raise an exception.

The use of the else clause is better than adding additional code to the try clause because it avoids accidentally catching an exception that wasn’t raised by the code being protected by the try … except statement.

finally:

A finally clause is always executed before leaving the try statement, whether an exception has occurred or not.

In real world applications, the finally clause is useful for releasing external resources (such as files or network connections), regardless of whether the use of the resource was successful.