This report is the first joint OECD Public Governance Review between two countries. The Report discusses challenges in whole-of-government strategy steering and the opportunities of digital government.
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This country note from Going for Growth 2015 for Finland identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Institutional investors (investment funds, insurance companies and pension funds) are major collectors of savings and suppliers of funds to financial markets. Their role as financial intermediaries and their impact on investment strategies have grown significantly over recent years along with deregulation and globalisation of financial markets.
This publication provides a unique set of statistics that reflect the level and structure of the financial assets of institutional investors in the OECD countries, and in the Russian Federation. Concepts and definitions are predominantly based on the System of National Accounts. Data are derived from national sources.
Data include outstanding amounts of financial assets such as currency and deposits, securities, loans, and shares. When relevant, they are further broken down according to maturity and residency. The publication covers investment funds, of which open-end companies and closed-end companies, as well as insurance corporations and autonomous pension funds. Indicators are presented as percentages of GDP allowing for international comparisons, and at country level, both in national currency and as percentages of total financial assets of the investor. Time series display available data for the last eight years.
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The tax burden in Finland increased by 1.2 percentage points from 42.8% to 44.0%, the fifth largest increase amongst member countries in 2013. The corresponding figure for the OECD average was an increase of 0.4 percentage points from 33.7% to 34.1%. The Finnish standard VAT rate is 24%, which is above the OECD average. The average VAT/GST standard rate in the OECD was 19.1% on 1 January 2014.
The number of foreigners living in Finland in September 2013 increased by 6.8% over the previous year to 205 250, about 3.5% of the population.
Country notes outlining regional variations in health, jobs, safety, environment, access to services, civic engagement, housing, education, income, and employment. These notes are from the OECD publication "How's Life in Your Region?".
Getting regions and cities 'right', adapting policies to the specificities of where people live and work, is vital to improving citizens’ well-being. View the country factsheets from the publication OECD Regional Outlook 2014.
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Variations in revascularisation rates and diagnostic tests require more effort to ensure appropriate care in Finland.
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Finnish teachers are better paid than their peers and enjoy a lighter teaching workload than average. Finland is one of the OECD countries in which teachers enjoy comparatively better working conditions, especially women teaching in upper secondary schools.
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After a decade of robust growth, Finland was hit particularly hard by the 2009 economic and financial crisis. It went through a double-dip recession and output and employment are still significantly below their pre-crisis levels.