Finland’s economy is characterized by its strong industrial base, encompassing various sectors such as manufacturing, technology, and forestry. In this blog post, we will delve into the latest statistics and trends shaping the industrial landscape of Finland, providing valuable insights into the country’s economic prowess and competitiveness on the global stage.
The Latest Finland Industry Statistics Explained
Finland’s electronics industry accounted for 24% of all exports in 2017.
The statistic that Finland’s electronics industry accounted for 24% of all exports in 2017 indicates the significant role that the electronics sector plays in the country’s economy. This statistic suggests that almost a quarter of Finland’s total exports are attributed to the electronics industry, highlighting its importance as a key driver of international trade and economic growth. The strength of the electronics industry in Finland could signify factors such as technological innovation, strong manufacturing capabilities, global competitiveness, and international demand for Finnish electronic products. This statistic underscores the sector’s contribution to Finland’s overall export performance and demonstrates its potential impact on the country’s economic stability and prosperity.
The chemical industry is Finland’s second-largest industrial sector, representing 21% of total industrial output in 2017.
The statistic that the chemical industry is Finland’s second-largest industrial sector, accounting for 21% of total industrial output in 2017, indicates the significant economic contribution of this sector to the country’s overall industrial landscape. This data highlights the importance of the chemical industry in driving economic growth and development in Finland, showcasing its substantial share of industrial output and influence on the national economy. By ranking as the second-largest industrial sector, the chemical industry plays a crucial role in shaping Finland’s industrial output and overall economic performance, underlining its significance as a key player in the country’s industrial sector.
The largest chemical sub-sector in Finland is the pulp and paper industry, which comprised 52% of the chemical industry’s turnover in 2019.
The statistic indicates that within the chemical industry in Finland, the pulp and paper sub-sector is the most dominant, representing 52% of the industry’s total turnover in the year 2019. This suggests a significant economic impact and importance of the pulp and paper industry within the country’s chemical sector. The high proportion of turnover attributed to this sub-sector implies that it plays a major role in driving the overall performance and revenue generation of the chemical industry in Finland. The statistic underscores the reliance and significance of the pulp and paper industry as a key player within the broader chemical sector in the country.
Finland is the 8th largest producer of paper and paperboard in the world.
The statistic that Finland is the 8th largest producer of paper and paperboard in the world indicates that Finland ranks 8th globally in terms of the quantity of paper and paperboard it produces. This signifies that Finland has a significant presence in the global paper industry, contributing to the overall supply of these products on a large scale. Factors such as abundant forest resources, advanced technology, and a skilled workforce likely contribute to Finland’s prominent position in paper production. Additionally, being ranked 8th implies that Finland is a key player in the global paper market, competing with other major producers and influencing market dynamics.
In 2019 Finland’s total energy consumption was 370 TWh, with industry accounting for about half of the total consumption.
In 2019, Finland’s total energy consumption reached 370 terawatt-hours (TWh), with the industrial sector being responsible for approximately 50% of this total consumption. This statistic highlights the significant contribution of industries in Finland towards the country’s overall energy usage. The high proportion of energy consumption by the industrial sector indicates the importance of energy-intensive manufacturing processes, production activities, and operations within the Finnish economy. Understanding and monitoring sector-specific energy consumption patterns like this can help policymakers and stakeholders identify opportunities for energy efficiency improvements, sustainable practices, and strategic planning to achieve energy sustainability goals and reduce environmental impact.
In 2020, Finland’s GDP from manufacturing was approximately 30 billion Euros.
In 2020, Finland’s GDP from manufacturing, totaling approximately 30 billion Euros, represents the value added to the economy by the manufacturing sector within the country. This statistic reflects the monetary value of all goods produced by the manufacturing industries in Finland during the year. It provides insight into the sector’s contribution to the overall economic output of the country and signifies the importance of manufacturing activities in generating income, creating jobs, and driving economic growth. Monitoring changes in this statistic over time can help policymakers, investors, and stakeholders understand the performance and impact of the manufacturing sector on Finland’s economy.
In 2019, the forest sector accounted for 5% of the Gross Domestic Product (GDP) in Finland.
The statistic indicates that in 2019, the forest sector in Finland contributed 5% to the country’s Gross Domestic Product (GDP). This means that activities related to forestry, including timber production, paper manufacturing, and other forest products, played a significant role in the overall economic output of Finland that year. The 5% contribution signifies the economic importance and impact of the forest sector on Finland’s economy, highlighting the sector’s significance in terms of employment, revenue generation, and overall economic resilience.
The metal industry is the largest industrial employer in Finland, with around 93,000 employees in 2018.
The statistic that the metal industry is the largest industrial employer in Finland, with around 93,000 employees in 2018, highlights the significant role that the metal industry plays in the country’s economy and labor market. With such a substantial number of employees, it demonstrates the industry’s importance in providing job opportunities and contributing to overall employment levels. This statistic suggests that the metal industry is a key sector that drives economic growth and development in Finland, and underscores the reliance of many workers on this industry for their livelihoods. Additionally, the sheer magnitude of the workforce within the metal industry emphasizes the need for policies and strategies to support and sustain this crucial sector.
The metal industry in Finland accounted for approximately 50% of total industrial exports in 2019.
The statistic reveals that the metal industry in Finland played a significant role in the country’s industrial exports in 2019, comprising approximately half of the total export value. This indicates that the metal industry was a key driver of Finland’s export economy during that year. The high contribution of the metal industry to industrial exports suggests that this sector holds substantial economic importance and competitiveness within Finland’s export market. Understanding the dominance of the metal industry in exports can provide insights into the country’s economic structure, specialization, and trade relationships.
In 2019, there were 319,000 people employed in the industrial sector in Finland.
The statistic “In 2019, there were 319,000 people employed in the industrial sector in Finland” indicates the number of individuals working in industries such as manufacturing, mining, construction, and utilities within Finland during the specified year. This figure provides insight into the size and significance of the industrial workforce in the country, reflecting the level of economic activity within this sector. Understanding the employment trends in the industrial sector can help policymakers, businesses, and analysts assess the health of the economy, identify areas for growth and development, and make informed decisions regarding workforce planning, investment, and policy formulation.
In 2020, the value of the Finnish electronics industry’s exports was €8.6 billion, which is 21% of total exports.
The statistic indicates that in 2020, the Finnish electronics industry’s exports totaled €8.6 billion, representing 21% of the total exports from Finland for that year. This suggests that the electronics industry plays a significant role in the country’s export economy. The €8.6 billion worth of exports highlights the industry’s competitiveness and ability to generate substantial revenue for the country. Additionally, the fact that it accounts for 21% of total exports emphasizes the importance of the electronics sector in driving Finland’s economic growth and trade relationships with other countries. Overall, this statistic illustrates the significant contribution of the electronics industry to Finland’s international trade.
The pharmaceutical industry in Finland exported products worth 2.5 billion euros in 2020.
The statistic “The pharmaceutical industry in Finland exported products worth 2.5 billion euros in 2020” indicates the substantial economic contribution of the Finnish pharmaceutical sector to global trade. The export value of 2.5 billion euros signifies the revenue generated by Finnish pharmaceutical companies from selling their products to international markets. This figure highlights the competitiveness and market presence of the industry, reflecting its capacity to develop and produce high-quality pharmaceutical products that meet global demand. The pharmaceutical sector’s strong export performance in 2020 showcases its role as a key player in Finland’s economy, driving growth, innovation, and job creation within the country’s healthcare and life sciences industries.
In 2020, there were 1,151 companies in the technology industry in Finland.
The statistic indicates that in 2020, there were 1,151 companies actively operating in the technology industry in Finland. This information provides a measure of the size and scope of the technology sector in the country, highlighting the presence of a significant number of firms engaged in developing, producing, and offering technological products and services. The number also suggests that Finland has a vibrant technology ecosystem, which may contribute to economic growth, innovation, and employment opportunities within the industry. Analyzing this statistic in conjunction with other data points related to the technology sector can offer insights into the overall health and competitiveness of Finland’s technology industry.
FTTH broadband covered 73% of homes in Finland in 2019.
This statistic indicates that as of 2019, fiber-to-the-home (FTTH) broadband infrastructure was available to 73% of households in Finland. FTTH technology allows for high-speed internet access, providing faster and more reliable connectivity compared to traditional broadband options. The high coverage rate of 73% suggests that a significant majority of households in Finland have access to advanced broadband services, which can contribute to improved internet speeds, enhanced online experiences, and support for various digital applications and services. This statistic highlights Finland’s commitment to expanding its digital infrastructure to meet the growing demands of modern connectivity.
Finland ranked 2nd in the World Press Freedom Index in 2020.
The statistic that Finland ranked 2nd in the World Press Freedom Index in 2020 indicates that Finland is recognized as having a high level of freedom for journalists and the media to operate without censorship or interference from the government or other authorities. This ranking suggests that Finland provides an environment where journalists can work independently, report on various issues freely, and hold those in power accountable. It highlights a commitment to transparency, freedom of expression, and the protection of journalists’ rights in the country, contributing to a robust and open media landscape.
In 2020, Finland’s construction industry contributed to 6.4 percent of the GDP.
The statistic that in 2020, Finland’s construction industry contributed to 6.4 percent of the GDP indicates the significance of the construction sector in the overall economic output of the country. A high percentage contribution suggests that the construction industry plays a substantial role in generating economic activity and employment opportunities. This statistic also implies that changes in the construction sector could have a notable impact on the country’s GDP growth and overall economic health. Monitoring the performance of the construction industry can provide insights into the broader economic trends in Finland and highlight the sector’s importance in driving economic development.
Nokia, a telecommunications and consumer electronics company, is the largest company in Finland.
The statistic that Nokia is the largest company in Finland indicates that it holds significant market share and influence within the country’s economy. As a telecommunications and consumer electronics company, Nokia’s prominence suggests that it likely plays a key role in driving innovation, job creation, and overall economic growth in Finland. Additionally, being the largest company signifies that Nokia likely has a strong presence both domestically and potentially internationally, further cementing its status as a major player within the Finnish business landscape.
Finland has over 27,000 lakes which greatly influence the tourism and fishing industries.
The statistic that Finland has over 27,000 lakes highlights the significant abundance of natural resources in the country, particularly in the form of freshwater bodies. These lakes play a crucial role in underpinning Finland’s tourism and fishing industries, providing ample opportunities for recreational activities such as fishing, boating, and swimming. The scenic beauty and tranquility of the lakes attract tourists from around the world, contributing to the country’s tourism sector. Additionally, the rich biodiversity of fish species in the lakes supports a thriving fishing industry, providing economic opportunities for local communities and businesses. Overall, the vast number of lakes in Finland not only enhances the country’s natural landscape but also plays a vital role in driving key sectors of its economy.
With more than 2.5 million saunas, the sauna industry is a key part of Finnish culture and contributes significantly to the country’s economy.
The statistic highlights the significant role of the sauna industry in Finnish culture and economy, stating that there are over 2.5 million saunas in Finland. This abundant presence of saunas reflects their deep-rooted cultural importance in Finland, where sauna-going is a cherished tradition dating back centuries. Beyond its cultural significance, the sauna industry plays a crucial role in driving economic growth in the country, creating jobs, generating revenue, and attracting tourists interested in experiencing Finnish sauna culture. Therefore, the statistic underscores the dual importance of the sauna industry in both preserving cultural heritage and contributing to Finland’s economic prosperity.
The food industry is the fourth largest industrial sector in Finland, accounting for approximately 13% of total industrial output.
This statistic indicates that the food industry plays a significant role in the overall industrial landscape of Finland, ranking as the fourth largest sector in the country. With approximately 13% of the total industrial output attributed to the food industry, this underscores the sector’s economic importance and contribution to the Finnish economy. This data suggests that the food industry has a considerable impact on employment, GDP, and overall economic growth in Finland, highlighting its significance in driving industrial production and economic activity within the country.
References
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