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.
Following a recent contraction, Finland’s economy is growing again – thanks to increases in foreign investment and net exports – and Finland has positive long-term growth prospects.
Densely forested, wood has long played a key role in Finland’s economy, and paper, pulp and timber remain key exports.
Industry 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.
Located in the capital Helsinki, HLB’s Finland professionals are ready to serve clients to meet their organisational goals.
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