Finland is often cited as a model economy – diverse, robust and competitive. The country enjoys one of the highest GDPs per capita in the world, and boasts a highly-educated (and English-speaking) workforce.
A member of the European Union since 1995, Finland is the only Nordic country to have adopted the Euro. The country is highly integrated into the world economy, and international investment accounts for a third of GDP. Finland prides itself as an innovative and forward-thinking nation – in 2017 the country was the first to take steps toward the adoption of a Universal Basic Income.
The impact of COVID-19 on Finnish the economy has been relatively minor, compared to other European countries. For example, the fourth-quarter GDP for 2020 was just -1.7% lower than in fourth-quarter 2019. Finland expects to recover well, with limited long-term damage to its economy.
Finland has positive long-term growth prospects. International trade accounts for around a third of GDP, and the country is well-integrated with the world economy.
Densely forested, wood has long played a key role in Finland’s economy, and paper, pulp and timber remain key exports.
Industry – dominated by electronics and services – accounts for around 22% of GDP, and manufacturing is important to the Finnish economy. Electronics, machinery and vehicles are the most important manufacturing sectors. In keeping with Finland’s tradition of innovation, electronics is dominated by R&D and hi-tech. Finland also specialises in exporting information and communication technologies.
HLB Finland is regarded as one of the country’s leading full-service accountancy and advisory firms, and its team of professionals offer clients a wide range of world-class services. Working with a variety of companies from large multinationals to start-ups, HLB Finland provides a comprehensive range of services from accountancy and consultancy, to e-finance management, IT solutions, auditing, payroll and invoicing, HR and real estate advisory.
Address: Tietotili Audit Oy
Vanha Kaarelantie 33 A 01610 Vantaa, Finland
Telephone Number: +358 (0)9 7253 0800
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- E-finance management
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