IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL FINLAND

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Helsinki

2016 2017 2018 2019 2020

338 2019

13

0.893 2019 5.52 2019 268.8 2019 48,139 2019 1.0 2019 1.14 2019 6.69 2019 2.75 2019 -0.75 2019 67.3 2018 3.08 2019

15

15

16

Exchange Rate (per $)

20

49

Population - market size (millions)

CHALLENGES IN 2020 The effects of the Covid-19 pandemic on public health. The impact on the service sector. • The effects of the Covid-19 pandemic on public health. • The impact on the service sector. • Increasing unemployment.

40

Gross Domestic Product (GDP) (US$ billions)

21

GDP (PPP) per capita (US$)

50

Real GDP growth (%)

• The impact on General Government debt. • The step-by-step opening of the economy.

21

Consumer price inflation (%)

45

Unemployment rate (%)

50

Labor force (millions)

40

Current account balance (% of GDP)

49

Direct investment stocks inward ($bn)

ETLA Economic Research Provided by: ETLA Economic Research

17

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

4 7

5

6

11

12

14

16

16

18

22

26

31 34

37

45 43

54

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS < 20 MILLION (34 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

8

10

10

10

11

11

12

12

12

13

69

IMD WORLD COMPETITIVENESS BOOKLET 2020