IMD World Competitiveness Booklet 2021
COMPETITIVENESS TRENDS - OVERALL FINLAND
OVERALL PERFORMANCE (64 countries)
BASIC FACTS Capital Land area (square km '000)
Rank
Helsinki
2017 2018 2019 2020 2021
338 2020
0.876 2020 5.53 2020 271.2 2020 49,805 2020
11
Exchange Rate (per $)
13
15
15
16
49
Population - market size (millions)
CHALLENGES IN 2021 The step-by-step opening of the economy and return to normal. Decreasing the general budget deficit and lowering the public-debt- • The step-by-step opening of the economy and return to normal. • Decreasing the general budget deficit and lowering the public- debt-to-GDP ratio. • Reforming social benefit system to decrease disincentives to work. • Promoting R&D to improve quality competitiveness of the business sector. • Reaching wage agreements that support international price competitiveness of exports.
39
Gross Domestic Product (GDP) (US$ billions)
19
GDP (PPP) per capita (US$)
-2.8 2020 0.38 2020 7.90 2020 2.74 2020 0.30 2020 78.4 2019 5.86 2019
16
Real GDP growth (%)
24
Consumer price inflation (%)
43
Unemployment rate (%)
50
Labor force (millions)
39
Current account balance (% of GDP)
48
Direct investment stocks inward ($bn)
ETLA Economic Research Provided by: ETLA Economic Research
7
Direct investment flows inward (% of GDP)
COMPETITIVENESS LANDSCAPE
Economic Performance
Government Efficiency
Business Efficiency
Infrastructure
Domestic Economy
International Trade
International Investment Employment Prices
Public Finance
Tax Policy
Institutional Framework Business Legislation
Societal Framework
Productivity & Efficiency Labor Market Finance
Management Practices
Attitudes and Values
Basic Infrastructure
Technological Infrastructure Scientific Infrastructure
Health and Environment Education
2
4
5
5 5
6
10
11
11
12
14
15
17
18
24
33
37 37
39
59
PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)
POPULATIONS < 20 MILLION (35 countries)
2017 2018 2019 2020 2021
2017 2018 2019 2020 2021
7
8
9
10
10
10
11
11
12
12
68
IMD WORLD COMPETITIVENESS BOOKLET 2021
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