Market Research In Finland

Finland Profile:

  • Finland, officially the Republic of Finland is a sovereign state in Northern Europe.
  • Finland joined the United Nations in 1955, OECD in 1969, the NATO Partnership for Peace in 1994, the European Union in 1995, the Euro-Atlantic Partnership Council in 1997, and finally the Eurozone at its inception, in 1999.
  • Finland excels in the export of technology as well as the promotion of startups in the information and communications technology, gaming, cleantech, and biotechnology sectors.
  • In June 2016, the government enacted a Competitiveness Pact aimed at reducing labor costs, increasing hours worked and introducing more flexibility into the wage bargaining system. The Government was also seeking to reform the health care system and social services.
  • International trade produces one-third of GDP. Trade with the European Union makes up 60% of Finland’s total trade. The largest trade flows are with Germany, Russia, Sweden, the United Kingdom, the United States, the Netherlands, and China

Finland Economy:

  • Finland has a highly industrialized, largely free-market economy with per capita GDP almost as high as that of Austria and the Netherlands and slightly above that of Germany and Belgium.
  • The economy has shown growth in 2015, posting a 0.3% GDP increase before growing by 1.4% in 2016.
  • Exports accounting for over one-third of GDP in recent years. The government is open to, and actively takes steps to attract, foreign direct investment.
  • Finland depends on imports of raw materials, energy and some components for manufactured goods.
  • Finland’s main challenges will be reducing high labor costs and boosting demand for its exports. In the long term, Finland must address a rapidly aging population and decreasing productivity in traditional industries that threaten competitiveness, fiscal sustainability, and economic growth

Finland Facts:

  • Population: 5.5 million
  • Capital: Helsinki
  • Largest city: Helsinki
  • Area: 338,145 sq km
  • Major language: Finnish (official) 88.3%, Swedish (official) 5.3%, Russian 1.4%, other 5%
  • Major religion: Lutheran 72%, Orthodox 1.1%, other 1.6%
  • Life expectancy: 78 years (Male), 84.1 years (Female)
  • Monetary unit: 1 Euro(EUR) = 100 Cents
  • Main exports: Electrical and optical equipment, machinery, transport equipment, paper and pulp, chemicals, basic metals; timber
  • GNI per Capita: $43,800

Our Market Research Services in Finland:

We Employ A Wide Range of Research Techniques in Finland:

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