Population: 5.46 million
Official Language: Finnish, Swedish
Currency: Euro (EUR)
Religion: Lutheranism, Eastern Orthodoxy
One of the most well-known companies in the electronics industry, Nokia, is based in Finland. There has also been a large amount of money invested into research and development within the electronics industry and this coupled with the liberation of global markets has led to the continued growth of the industry. Around 80% of electronics produced in Finland are exported abroad and in 2016, the manufacture of electronics, computers and optical products combined produced 16 billion euros.
Finland has a large chemical industry which produces a range of products from chemicals to cosmetics, pharmaceuticals, plastic and rubber. The industry employs approximately 33,000 people and the total revenue in 2016 was €19.7 billion. It is essential in supporting some of Finland’s other key sectors such as the agricultural industry and accounts for approximately 20% of exported goods.
Finland produces a lot of vehicles which can be used for its forestry and agricultural industries such as tractors and forest machines. A large amount of ships are also manufactured in Finland such as passenger ships and specialised vessels. In 2015, the shipbuilding industry employed approximately 22,000 people.
Finland is the most heavily forested country in the EU and wood is a source of bioenergy, which acts as an alternative to fossil fuels. It is also a recyclable and low-carbon material and forests are currently growing more quickly than they are being chopped down which makes it a sustainable industry. This sector accounts for 20% of Finland’s export revenue and is responsible for 15% of all jobs in Finland.
Nokia started as a paper manufacturing company and is now a successful manufacturer of phones and cameras. It is named after the Nokianvirta river which flows through part of Finland.
This is a chemical production company based in Helsinki.
Neste has been voted third most sustainable company in the world in 2019 and is becoming a global leader in renewable products. It is the world’s largest producer of renewable diesel which is refined from waste.
A Finnish company specialising in the maintenance and production of lifts, escalators and automatic doors. They operate in more than 60 countries around the world and serve more than 450,000 customers.