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2004 OECD Economic Surveys: Finland 2004

image of OECD Economic Surveys: Finland 2004

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...

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