Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over 28% of Finland's GDP, exports over 50% of the country's total exports, and employs over 338,000 workers directly and 720,000 including indirect effects. While orders declined in 2023 from the high levels of 2022, the technology industry remains the largest export sector and driver of the Finnish economy.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over €55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. New orders and order books declined across most technology sub-sectors in Q3 2023 compared to the previous quarter and year, with the exception of a small decline in information technology orders. The electronics, mechanical engineering, and consulting sectors saw the largest drops in new orders of over 20%.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over 28% of Finland's GDP, exports over 50% of the country's total exports, and employs over 338,000 workers directly and 720,000 including indirect effects. While orders declined in 2023 from the high levels of 2022, the technology industry remains the largest export sector and driver of the Finnish economy.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over €55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. New orders and order books declined across most technology sub-sectors in Q3 2023 compared to the previous quarter and year, with the exception of a small decline in information technology orders. The electronics, mechanical engineering, and consulting sectors saw the largest drops in new orders of over 20%.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over €55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. While orders and revenues have declined in 2023 from record highs, the technology industry remains the largest export sector and driver of the Finnish economy.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over EUR 55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. However, new orders and order books have declined across several technology sub-sectors in 2023 compared to 2022 and the first quarter of 2023, and over 6,000 technology industry employees were affected by temporary layoffs in June 2023.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over €55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. However, new orders and order books have declined across several technology sub-sectors in 2023 compared to 2022. The number of employees affected by temporary layoffs also increased to over 6,000 in June 2023.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over EUR 55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. However, new orders and order books have declined across several technology sub-sectors in 2023 compared to 2022 and the first quarter of 2023, and over 6,000 technology industry employees were affected by temporary layoffs in June 2023.
Technology industry / Finnish economic outlookTechFinland
The document summarizes the state of Finland's technology industry in 2023. It notes that the industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides data on turnover, exports, employment, and economic impact for each sub-sector. Overall, it finds that the technology industry generates over half of Finland's exports and accounts for 29% of GDP, making it the largest export sector and a major driver of the Finnish economy. However, new orders and order books in 2023 are down across several sub-sectors compared to 2022.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over half of Finland's exports and accounts for 29% of GDP. While orders and revenues grew in early 2023 for some sub-sectors like electronics, overall new orders and order books declined due to challenges in export markets. The technology industry remains a major driver of Finland's economy.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors that collectively generate over half of Finland's exports and employ over 300,000 people directly. The technology industry contributes €63 billion to GDP annually through direct, indirect, and consumption effects. It brings in €23 billion in tax revenue per year and accounts for 65% of private sector R&D investment in Finland.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors that employ over 300,000 people directly and generate over €60 billion in value added annually, accounting for 29% of Finland's GDP. It is the largest export sector, responsible for over 50% of total Finnish exports. While orders and revenues grew in 2022 for many sub-sectors like electronics and consulting engineering, some like mechanical engineering have seen domestic orders decline recently. Overall the industry remains a major driver of the Finnish economy.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over 28% of Finland's GDP, exports over 50% of the country's total exports, and employs over 336,000 people directly and 705,000 indirectly. While new orders increased 12% in the second quarter of 2022, the outlook varies between sub-sectors, with electronics and electrotechnical seeing strong growth but mechanical engineering exports declining.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over €55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. While orders and revenues have declined in 2023 from record highs, the technology industry remains the largest export sector and driver of the Finnish economy.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over EUR 55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. However, new orders and order books have declined across several technology sub-sectors in 2023 compared to 2022 and the first quarter of 2023, and over 6,000 technology industry employees were affected by temporary layoffs in June 2023.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over €55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. However, new orders and order books have declined across several technology sub-sectors in 2023 compared to 2022. The number of employees affected by temporary layoffs also increased to over 6,000 in June 2023.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over EUR 55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. However, new orders and order books have declined across several technology sub-sectors in 2023 compared to 2022 and the first quarter of 2023, and over 6,000 technology industry employees were affected by temporary layoffs in June 2023.
Technology industry / Finnish economic outlookTechFinland
The document summarizes the state of Finland's technology industry in 2023. It notes that the industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides data on turnover, exports, employment, and economic impact for each sub-sector. Overall, it finds that the technology industry generates over half of Finland's exports and accounts for 29% of GDP, making it the largest export sector and a major driver of the Finnish economy. However, new orders and order books in 2023 are down across several sub-sectors compared to 2022.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over half of Finland's exports and accounts for 29% of GDP. While orders and revenues grew in early 2023 for some sub-sectors like electronics, overall new orders and order books declined due to challenges in export markets. The technology industry remains a major driver of Finland's economy.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors that collectively generate over half of Finland's exports and employ over 300,000 people directly. The technology industry contributes €63 billion to GDP annually through direct, indirect, and consumption effects. It brings in €23 billion in tax revenue per year and accounts for 65% of private sector R&D investment in Finland.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors that employ over 300,000 people directly and generate over €60 billion in value added annually, accounting for 29% of Finland's GDP. It is the largest export sector, responsible for over 50% of total Finnish exports. While orders and revenues grew in 2022 for many sub-sectors like electronics and consulting engineering, some like mechanical engineering have seen domestic orders decline recently. Overall the industry remains a major driver of the Finnish economy.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over 28% of Finland's GDP, exports over 50% of the country's total exports, and employs over 336,000 people directly and 705,000 indirectly. While new orders increased 12% in the second quarter of 2022, the outlook varies between sub-sectors, with electronics and electrotechnical seeing strong growth but mechanical engineering exports declining.
