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Finnish Economy Today Dr. Kari Jalas, Director General The Central Chamber of Commerce of Finland May 7, 2007 Business Council of Manitoba.

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Presentation on theme: "Finnish Economy Today Dr. Kari Jalas, Director General The Central Chamber of Commerce of Finland May 7, 2007 Business Council of Manitoba."— Presentation transcript:

1 Finnish Economy Today Dr. Kari Jalas, Director General The Central Chamber of Commerce of Finland May 7, 2007 Business Council of Manitoba

2 Global Competitiveness Index by World Economic Forum

3 Competitiveness and GDP per capita Source: ETLA/The Central Chamber of Commerce of Finland

4 Competitiveness factors Source: IMD World Competitiveness Yearbook 2006

5 GDP per capita Source: Groningen Growth and Development Centre and the Conference Board, January 2007

6 GDP per capita 2006 purchasing power parities Source: IMF 4/2007

7 Export structure of Finland, % of total exports Source: Finnish Customs, 2007

8 Components of per capita GDP growth =

9

10 Projected changes in old-age dependancy ratio* Source: European Commission, Special Report 1/2006 * population aged 65 and above as a percentage of the population aged 15-64

11 Employment rate 70%/2003 Lipponen II 72%/2011 Vanhanen II 75%/2011 Vanhanen I MoF forecast 2008: 69,7% Source: MOF 3/2007, Government Programmes, Statistics Finland

12 Labour productivity growth Volume indices Source: EU KLEMS Database, March 2007,

13 Labour productivity growth in Finland Source:OECD Productivity Database, September 2006.

14 Level of labour productivity in manufacturing industries in 2003* *measured in 1997 $ Source: University of Groningen, Etla Value added per hour workedLevel of productivity


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