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.
L’économie finlandaise se relève peu à peu, mais des incertitudes entourent la reprise. Une action déterminée s’impose pour engager les réformes structurelles qui permettront de relancer la croissance économique, de rétablir la compétitivité et de préserver un niveau de vie et de bien-être élevé, d’après la nouvelle Étude économique de l’OCDE consacrée à la Finlande.
Finland has been hit hard by the global crisis, mainly through a sharp fall in exports, and the recovery is still hesitant. Bold action is needed to find new sources of growth, regain competitiveness, ensure sound public finances, and preserve the Finnish welfare model, Mr Gurría said.
Mr. Angel Gurría, Secretary-General of the OECD, is in Helsinki on 12th February 2014, to present the 2014 OECD Economic Survey of Finland, with Ms. Jutta Urpilainen, Minister of Finance.
These country notes contain indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation. They include a description of government policies on integrity, e-government and open government.
Finland’s economy is highly industrialised. Yet with over one-third of its territory located above the Arctic Circle, the country is largely rural and sparsely populated, except for its southern tip. With its energy-intensive industries and its cold climate, Finland’s energy consumption per capita is the highest in the IEA. Finland is highly dependent on imported fossil fuels, and energy policy is at the heart of the government’s concerns. The government’s energy strategy aims to strengthen Finland’s energy security, to move progressively towards a decarbonised economy, and to deepen its integration in the wider European market. Finland has a very ambitious renewable energy programme, with a view to producing 38% of its electricity from renewable sources by 2020. Finland is the most forested country in Europe; biomass will thus play a central role in meeting the target Finland is one of few IEA countries with plans to expand its nuclear capacity, and the Parliament has approved the construction of two more nuclear power plants. If all planned projects are completed, the share of electricity produced by nuclear could double by 2025, reaching around 60%. This would contribute to diversifying Finland’s energy security and meeting its low-carbon objectives. Also, Finland participates in the Baltic Energy Market Interconnection Plan (BEMIP), which aims to further regional integration through EU-supported infrastructure projects. This review analyses the energy policy challenges facing Finland, and provides sectoral studies and recommendations for further policy improvements. It is intended to help guide the country towards a more secure and sustainable energy future.
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To achieve long-term sustainable growth and preserve the country’s comprehensive welfare state arrangements in the face of demographic ageing, Finland has to implement forcefully a series of structural reforms as presented in this brochure.
In his speech at the occasion of the Finnish Government's mid-term review, the Secretary-General praises high-quality human capital and a large degree of social cohesion as key assets of the Finnish economy. To reach its full economic potential the country should engage in structural reforms to remove unnecessary obstacles to competition and growth and raise the efficiency of public services.