OECD Economic Surveys: Finland

Frequency :
Tous les 18 mois
ISSN :
1999-0545 (en ligne)
ISSN :
1995-3488 (imprimé)
DOI :
10.1787/19990545
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OECD’s periodic surveys of the Finnish economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.

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OECD Economic Surveys: Finland 2004

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Anglais
Auteur(s):
OCDE
Date de publication :
04 oct 2004
Pages :
201
ISBN :
9789264006607 (PDF) ; 9789264006584 (imprimé)
DOI :
10.1787/eco_surveys-fin-2004-en

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In this 2004 review of the Finnish economy, OECD finds that Finland’s recent strong performance is threatened by population ageing and falling productivity and prices in the ICT sector. OECD suggests countering these pressures by boosting competition and expanding employment by further reducing early retirement schemes and tapering unemployment benefits. This edition’s special feature suggests other fiscal measures to counter the budgetary pressures of the ageing population. 

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  • Assessment and Recommendations
    Over the past decade, the growth performance of the Finnish economy has been among the most impressive in the OECD, underpinned by both strong productivity and employment gains. However, the standard of living as measured by gross domestic product (GDP) per capita is still...
  • Recent Performance and Key Challenges
    Over the last decade, the growth performance of the Finnish economy has been among the most impressive in the OECD. The transformation of the economy is often cited as one of the few clear examples of the "new economy" taking hold in Europe. Productivity growth has been rapid in the information and communication technology (ICT) sector underpinned by high levels of research and...
  • Product Market Competition and Economic Performance
    Since the deep recession of the early 1990s growth has been strong and productivity gains were among the highest in the OECD. However, the scope for economic catch-up remains considerable. A substantial productivity gap vis-à-vis the best performing OECD countries persists and unemployment remains uncomfortably high and most of it is structural. Lowering it calls for labour market reforms...
  • Raising the Employment Rate
    A major aim of the government is to raise employment by 100 000 by the end of the current electoral period in 2007, implying an increase in the employment rate from 67½ per cent in 2003 to about 70 per cent, which is also the EU-wide Lisbon target. This target is an intermediate step towards realising the more ambitious objective of a 75 per cent employment rate by the end of the following electoral period...
  • Fiscal Priorities Ahead of Ageing
    Growth in public spending has been vigorous and pressure for raising spending is likely to continue to be strong, especially due to ageing as reviewed in Chapter 1. At the same time, the tax burden is high, especially on labour. Achieving the government’s medium-term objectives and ensuring the sustainability of public finances over the long term, while maintaining the essential parts of the welfare...
  • Annex A
    This annex provides a compendium of recommendations carried forward from the previous Economic Survey, finalised in January 2003, and records what actions have been taken since then together with an updated assessment and current recommendations as appropriate. Recommendations from the previous Survey are still valid unless otherwise noted.
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