Finland: In-depth PESTLE Insights

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?

Companies mentioned

Table of Contents

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 ...

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

List of Tables

Table 1: Finland - Key Fundamentals 6

Table 2: Finland - Key Facts, 2018 14

Table 3: Analysis of Finland’s Political Landscape ...

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

List of Figures

Figure 1: Map of Finland 15

Figure 2: Annual Growth Rate - Gross Domestic Product (Volume), 2009 - 2017 20

Figure 3: ...

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

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