Summary
This PESTLE country analysis report on Finland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.
Synopsis
- Understand the political system in Finland through analysis of key figures in the country and governance indicators.
- Understand the economic situation in Finland through a balanced assessment of core macroeconomic issues.
- Understand customer demographics in Finland through analysis of income distribution and the rural-urban split, as well as healthcare and education.
- Understand the technological landscape in Finland through analysis of relevant laws and policies, as well as patents data.
- Understand the legal landscape in Finland through analysis of the judicial system as well as performance of the legal indicators
- Understand the environmental landscape in Finland through analysis of the environmental regulations and the performance of the environmental indicators
Scope
- The political landscape section discusses the evolution of the political scenario in Finland, as well as the country's economic, social, foreign, and defense policies. The section also discusses the country's performance according to World Bank Governance Indicators.
- The economic landscape section outlines the evolution of Finland 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment."
- The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education.
Reasons to buy
- What is the outlook in Finland in terms of political stability, policies towards business, and the popularity of the government?
- How does Finland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment?
- How does Finland perform in terms of healthcare, income distribution, and education?
- How does Finland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends?
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Table of Contents
Overview 2
Catalyst 2
Summary 2
Key findings 2
PESTLE highlights 4
Key Fundamentals 6
Key Facts and Geographic Location 14
Key Facts 14
Geographical Location 15
PESTLE Analysis 16
Summary 16
Political Analysis 17
Overview 17
Current Strengths 17
Current Challenges 17
Future Prospects 18
Future Risks 18
Economic Analysis 19
Overview 19
Current Strengths 19
Current Challenges 21
Future Prospects 25
Future Risks 27
Social Analysis 29
Overview 29
Current Strengths 29
Current Challenges 32
Future Prospects 34
Future Risks 34
Technological Analysis 37
Overview 37
Current Strengths 37
Current Challenges 38
Future Prospects 39
Future Risks 40
Legal Analysis 42
Overview 42
Current Strengths 42
Current Challenges 43
Future Prospects 43
Future Risks 43
Environmental Analysis 46
Overview 46
Current Strengths 46
Current Challenges 47
Future Prospects 48
Future Risks 50
Political Landscape 51
Summary 51
Evolution 51
Structure and Policies 52
Key Political Figures 52
Structure of Government 52
Key Political Parties 52
Composition of Government 53
Key Policies 54
Performance 55
Governance Indicators 55
Outlook 56
Economic Landscape 57
Summary 57
Evolution 57
1950 - 1990 57
1991-2018 58
Structure and Policies 59
Financial System 59
OMX Nordic Exchange 60
Performance 60
GDP and GDP Growth Rate 60
Fiscal Situation 65
Exports and Imports 66
International Investment Position 66
Monetary situation 67
Employment 68
Outlook 69
Social Landscape 70
Summary 70
Evolution 70
Structure and Policies 70
Demographic Composition 70
Education 72
Performance 73
Healthcare 73
Education 74
Outlook 74
Technological Landscape 75
Summary 75
Evolution 75
Structure and Policies 75
Performance 76
Mobile and Internet 76
R&D 77
Outlook 78
Legal Landscape 79
Summary 79
Evolution 79
Structure and Policies 79
Judicial System 79
Tax Regulations 79
Withholding Tax 80
VAT 80
Trade Regulations 80
Corporate Governance 80
Performance 80
Effectiveness of the Legal System 80
Outlook 81
Environmental Landscape 82
Summary 82
Evolution 82
Structure and Policies 82
Environmental Regulations 82
Performance 82
Environmental Impact 82
Outlook 83
Appendix 84
ISO codes of selected countries 84
Ask the analyst 85
Disclaimer 85
List of Tables
Table 1: Finland - Key Fundamentals 6
Table 2: Finland - Key Facts, 2018 14
Table 3: Analysis of Finland’s Political Landscape 17
Table 4: Analysis of Finland’s Economy 19
Table 5: Analysis of Finland’s Social System 29
Table 6: Analysis of Finland’s Technology Landscape 37
Table 7: Analysis of Finland’s Legal Landscape 42
Table 8: Analysis of Finland’s Environmental landscape 46
Table 9: Mid-year Population by Age (as % of Population, by Gender) 2017 71
List of Figures
Figure 1: Map of Finland 15
Figure 2: Annual Growth Rate - Gross Domestic Product (Volume), 2009 - 2017 20
Figure 3: FDI Regulatory Restrictiveness Index, 2017 21
Figure 4: GDP Per Capita, Current PPP, 2015Q1 - 2018Q2 22
Figure 5: Labor Productivity - GDP Per Hour Worked (2010 PPP), 2007 - 2017 23
Figure 6: Labor Utilization (Hours Worked Per Capita), 2007 - 2017 24
Figure 7: General Government Gross Debt, 2008 - 2018f 25
Figure 8: Long and Short-Term Rates, June 2016-June 2018 26
Figure 9: Finland’s Export Destinations, Q1 2017 - Q3 2017 27
Figure 10: Gross Debt to Income Ratio of Households, 2017 28
Figure 11: Better Life Index, 2016 30
Figure 12: Share of Population by Educational Attainment Amongst Population Aged 25-64, 2017 31
Figure 13: Unemployment Benefits and Exit Scenario, 2017 32
Figure 14: Employment Rate, Aged 15-64, 33
Figure 15: Government Spending as a Percentage of GDP, 2016 34
Figure 16: Dependency Ratio, 1970 - 2060 35
Figure 17: Change in Age-related Expenditure (From Year 2015, Relative to GDP), 2020 - 2028 36
Figure 18: RD&D Expenditures on Energy Technology, 2008-2017 38
Figure 19: Direct Government Funding and Tax Support for Business R&D, 2015 39
Figure 20: Venture Capital Investments, 2016 40
Figure 21: Business Enterprise R&D Expenditure, 2008-2017e 41
Figure 22: Average Tax Wedge - Single Person at 100% of Average Earnings with No Child, 2017 44
Figure 23: Average Tax Wedge - One-earner Married Couple at 100% of Average Earnings with Two Children, 2017 45
Figure 24: Greenhouse Gas Emissions, 1990 -2017e 47
Figure 25: Share of Various Renewables in Finnish Electricity Production, 2016 49
Figure 26: Overall Share of Energy from Renewable Sources, 2016 50
Figure 27: Finland - Political Events Timeline 51
Figure 28: Finland - Key Political Figures 52
Figure 29: Finland Parliament Composition (Number of Seats) Based on 2015 Election Results 54
Figure 30: Finland - Historical GDP Growth, 2008 - 2017 59
Figure 31: GDP and GDP Growth Rate in Finland, 2013 - 2022f 61
Figure 32: GDP Composition by Sector, 2017 62
Figure 33: Agricultural Output of Finland, 2012 - 2017 63
Figure 34: Industrial Output of Finland, 2012 - 2017 64
Figure 35: Services Output of Finland, 2012 - 2017 65
Figure 36: External Trade of Finland, 2013 - 2017 66
Figure 37: Consumer Price Index and Consumer Price Index-based Inflation in Finland, 2013 - 2022f 67
Figure 38: Unemployment in Finland, 2012 - 2022f 69
Figure 39: Religion, 2017 72
Figure 40: Expenditure on Healthcare in Finland, 2008 - 2017 73
Figure 41: Expenditure on Education in Finland, 2007 - 2016 74
Figure 42: Internet Users, 2012 - 2017 76
Figure 43: R&D Expenditure, 2008 - 2017 77
Figure 44: Carbon Dioxide Emissions in Finland, 2008 - 2015 83
