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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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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...

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