Finland is one of those relatively small countries that can often be found on top of many people’s lists when it comes to “best European countries”. The country is known for their stunning countryside, vibrant culture, interesting history, and its very own alpine lakes. As far as the business industry is concerned, Finland is definitely on the cutting edge. They are consistently ranked among the top ten in various different industries and have constantly been improving their competitiveness.
Manufacturing output grew 14% in past years. Software industry alone accounted for 35% of Finland’s total GDP in 2021 and employed 22% of its workforce. Finland has consistently been the leading manufacturer of mobile phones, computers, electronic equipment, chemical products, and medical devices. Tourism contributed an additional 6.2 billion Euros to the GDP. All these factors make Finland the leading country worldwide, and the best world country in which to do business.
Finland’s economy is made up primarily of heavy industries such as the metal, chemical, and construction industries. The services industry makes up the second largest chunk with the retail sector coming in third. In recent years Finland became an even better example of economic development. Its gross domestic product growth was over six percent in each of the last three recessions. This means that the Finns are now consistently leading the rest of the European Union when it comes to economic growth.
Tourism accounts for another important dimension of Finland’s growth and popularity. Finland is ranked third best worldwide in terms of destinations visited by tourists. In the last five years over one million tourists visited Finland. Some of the popular tourist destinations include Helsinki, Tampere, Eero Aarnio, Turku, and Helsinki.
Finland’s health system is recognized internationally for its high quality healthcare and medical procedures. Finland passed a new law last year making it easier for people to access healthcare. The new legislation also promises improved quality of life as well-being. Finland’s government has made efforts to implement the new laws so that by the end of 2021, the number of people who do not have healthcare will fall below five percent.
Finland has made great progress when it comes to life expectancy. The life expectancy for males is increasing at a faster than average rate. Finland is ranked first in Europe for life expectancy. The number of deaths has declined slightly, but still shows great improvement when compared to some other countries. Life expectancy in Finland is expected to continue to improve, which bodes well for their well-being.
Health care costs in Finland are among the lowest in the European Union. In fact, Finland has the lowest healthcare costs in all the Nordic countries. Finland ranks first in the world for cost-effectiveness when it comes to healthcare, something that other Nordic countries share. Finland has invested a lot of money in improving the quality of care it provides. In the future, the continued improvement of healthcare in Finland will benefit not only in Finland but the entire Nordic region.
Tourism has become a huge draw for people to Finland. The national tourism office estimates that tourist arrivals will increase by twenty percent over the next five years. The government has taken crucial steps to ensure that the growing tourist influx will not affect the country’s fragile economic and financial balance. Finland is ranked eighteenth in the world for travel satisfaction. The European commission expects that Finland’s ranking will grow in the coming years, and that it will receive its highest score among the Nordic countries.
Tourism brings in an amount of foreign investment to Finland that is much higher than other countries in the region. A lot of the foreign investment is used to fund important infrastructure projects in Finland. The state owns most of the buildings and other property used for economic development, thus the buildings need to be modernized to attract more foreign investors. Finland is one of the youngest countries in the world, and its economic growth is expected to continue its high growth until the next decade.
As Finland continues on its international and regional economic development journey, the country’s political landscape will continue to change. The European political landscape will continue to increasingly diverge from that of the United States. The European union will continue to expand towards the east while the united states will continue to focus their efforts on the west.
Finland is a safe and welcoming country. It’s a small country with a diverse but rich land. Many people travel to Finland just to experience what it’s all about. A majority of the tourists that travel to Finland leave the country by airplane. Over fifty percent of the foreign tourists that travel to Finland leave the country by plane. Finland is ranked as the second lowest ranked European country and is ahead of only Iceland.