OECD Home › Economy › By Country › Finland
Finland’s economy is gradually picking up, but uncertainty surrounds the recovery. Determined action to implement structural reforms is needed to revive economic growth, restore competitiveness and preserve high standards of living and well-being, according to the OECD’s latest Economic Survey of Finland.
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.
English, PDF, 1,704kb
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.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
Finland enjoys high well-being, but competitiveness has deteriorated, output has fallen and the population is ageing rapidly. Structural reforms are needed to extend working lives and raise public sector efficiency and potential growth.
The Finnish economy has still not recovered from the sharp 2008-09 recession and productivity performance has weakened. Structural reforms aiming at increasing productivity in the private and public sector therefore need to move up the agenda according to the latest Economic Survey of Finland.&l
The world economy is recovering, but many challenges remain to eliminate global imbalances. Countries must address the crucial question of capital movements while deepening their commitment to structural reforms, according to OECD Secretary-General Angel Gurría.
Maintaining high participation and employment in the face of the recent recession and a rapidly ageing population are major challenges for policy makers in Finland.
Finland was badly affected by the global recession and fiscal sustainability is threatened. Restraining spending growth in municipalities and pursuing retirement and labour market reforms would improve the fiscal outlook. Measures to combat misuse of the tax system would mitigate rising inequali
English, , 123kb
This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.