+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Finland PESTLE Insights - A Macroeconomic Outlook Report

  • PDF Icon

    Country Profile

  • 46 Pages
  • September 2023
  • Region: Finland
  • GlobalData
  • ID: 4530814
Financial intermediation, real estate, and business activities contributed 24.5% to the gross value added (GVA) in 2022, followed by mining, manufacturing, and utilities (22.2%), and wholesale, retail, and hotel activities (11.1%). In nominal terms, the three sectors are expected to grow by 5.0%, 4.1%, and 3.4%, respectively, in 2023.

According to Eurostat, Helsinki-Uusimaa generated around 39.3% of the nation's GDP in 2021, and 30.9% of the total population resided in the region in 2022.

The HEX Index exhibited a downward trend over the past year. As of August 29, 2023, the index stood at 9,790.3, compared to 10,689.8 on August 29, 2022.

Scope

  • Finland's National Transport System Plan (Transport 12) includes new transportation projects for 2023-2030, proposed by the Transport Infrastructure Agency and approved by the Finnish Parliament. The investment program allocates EUR2.7 billion ($2.8 billion) for development and EUR727 million ($766.2 million) for basic infrastructure.

Reasons to Buy

Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.

PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations

Along with providing the country's snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.

This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies' presence in these areas.

Table of Contents

  • List of Exhibits
  • Did You Know?
  • Country Highlights
  • Key Economic Updates
  • Country Snapshot
  • Political Landscape
  • Economic Landscape
  • Social Landscape
  • Technological Landscape
  • Legal Landscape
  • Environmental Landscape
  • Outlook
List of Tables
Exhibit 1: Finland’s performance in terms of its country risk analysis in comparison to West-Europe and the World average
Exhibit 2: Performance overview (score: 0-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: Finland stock exchange index - HEX Index
Exhibit 5: Key sectors’ contribution to the economy
Exhibit 6: FDI inflows, FDI outflows, FDI inward stock and FDI outward stock (2018-22)
Exhibit 7: Greenfield FDI projects and net cross border M&A deals in Finland (2018-22)
Exhibit 8: Key infrastructure indicators (2020)
Exhibit 9: Real GDP and household consumption growth rate (2018-25f)
Exhibit 10: Real GDP growth rate comparison (2022)
Exhibit 11: Volume of exports and imports growth (2018-25f)
Exhibit 12: Current account balance (2018-25f)
Exhibit 13: Top three commodity exports, % of total exports (2018-22)
Exhibit 14: Nuclear reactors, boilers, machinery and mechanical appliances, % of world total (2022)
Exhibit 15: Interest rates (July 2018 - July 2023)
Exhibit 16: Exchange rate and inflation (2018-25f)
Exhibit 17: General government deficit (2018-25f)
Exhibit 18: General government debt (2018-25f)
Exhibit 19: Unemployment rate (2018-25f)
Exhibit 20: Average annual wages (2018-25f)
Exhibit 21: Labor cost index (2018-25f)
Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group share of total population (2005, 2015, 2025f)
Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)
Exhibit 26: Number of patents granted per million population (2021)
Exhibit 27: High-technology exports, % of manufactured exports (2021)
Exhibit 28: Rule of law (rankings) 2022
Exhibit 29: Corruption perceptions index (rankings) (2022)
Exhibit 30: Renewable energy capacity (2017-21)
Exhibit 31: CO2 emissions (2018-22)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Fiskars
  • Nokia
  • Planmeca