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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.
Ms. Mari Kiviniemi was appointed Deputy Secretary-General of the OECD on 25 August 2014.
Mari Kiviniemi, Finland’s former Prime Minister, and Stefan Kapferer, currently State Secretary at Germany’s Federal Ministry for Economic Affairs and Energy, have been appointed Deputy Secretaries-General of the OECD.
English, PDF, 518kb
English, PDF, 518kb
Finnish municipalities enjoy ample fiscal autonomy and provide or arrange the provision of a large share of public services. In recent years, their spending and debt has been increasing steadily, especially because of population ageing and increases in the cost of health care and social services.
Finland’s population is set to age rapidly in the coming decades. This will put pressure on public finances, while shrinking labour resources. Nonetheless, solutions exist to alleviate those pressures. Adjusting the pension age in line with the rise in life expectancy would reduce pension costs and increase older workers’ employment, provided it is accompanied by the removal of the pathways to early retirement.
The 2013 edition of National Accounts of OECD Countries: General Government Accounts is an annual publication, dedicated to government finance which is based on the System of National Accounts 1993 (SNA 1993). It includes tables showing government aggregates and balances for the production, income and financial accounts as well as detailed tax and social contribution receipts and a breakdown of expenditure of general government by
The average worker in Finland faced a tax burden on labour income (tax wedge) of 43.1% in 2013 compared with the OECD average of 35.9%. Finland was ranked 7 of the 34 OECD member countries in this respect.
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This note presents key findings for Finland from Society at a Glance 2014 - OECD Social indicators. This 2014 publication also provides a special chapter on: the crisis and its aftermath: a “stress test” for societies and for social policies.