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.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
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Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
2. The Finnish technology industry is comprised of
five sub-sectors
2
1/16/2023 Technology Industries
of Finland
ELEKTRONICS AND ELECTROTECHNICAL
INDUSTRY
ABB, Ensto, Murata Electronics, Nokia,
Planmeca, Polar Electro, Suunto, Vacon,
Vaisala…
METALS INDUSTRY
Boliden, Componenta, Kuusakoski,
Luvata, Outokumpu, Ovako, Sacotec,
SSAB …
MECHANICAL ENGINEERING
Abloy, Cargotec,, Fiskars, Glaston, Kone,
Konecranes, Metso-Outotec,
Meyer Turku, Neles, Normet, Oras, Patria,
Pemamek, Ponsse, Prima Power, Stala,
Valmet, Valtra, Wärtsilä…
INFORMATION TECHNOLOGY
Basware, Bilot, CGI, Digia, Efecte, Enfo, F-
Secure, Fujitsu Finland, IBM, Innofactor,
Knowit, Microsoft, Nixu, TietoEVRY…
CONSULTING ENGINEERING
AFRY, A-Insinöörit, Citec, Elomatic,
Etteplan, FCG, Granlund, Neste Engineering
Solution,, Ramboll, Rejlers, Sitowise,
SWECO, WSP…
3. The Finnish technology industry is comprised of
five sub-sectors
3
ELEKTRONICS AND ELECTROTECHNICAL
INDUSTRY
• Data communications equipment, electrical
machinery, medical technology
• Turnover (2021): 18.0 billion euros
• Personnel (2021): 39,100
METALS INDUSTRY
• Steel products, non-ferrous metals,
castings, metallic minerals
• Turnover (2021): 14.2 billion euros
• Personnel (2021): 16,000
MECHANICAL ENGINEERING
• Machinery, metal products, vehicles
• Turnover (2021): 34.1 billion euros
• Personnel (2021): 134,200
INFORMATION TECHNOLOGY
• IT services, applications and
programming
• Turnover (2021): 16.5 billion euros
• Personnel (2021): 73,800
CONSULTING ENGINEERING
• Expertise for construction industry and
infrastructure
• Turnover (2021): 7.1 billion euros
• Personnel (2021): 54,300
1/16/2023 Technology Industries
of Finland
4. The technology industry –
the largest export sector in Finland
4
• Over 50 % of total exports.
• Some 338,000 employed directly in the
sector, including indirect effects 720,000
people.
• Effect on value added totaling € 63 billion,
or 29% of GDP value added.
• Bring to Finland € 23 billion tax revenue
annually.
• Investments almost EUR 6.0 billion
annually in Finland.
• 65 % of private-sector R&D investment.
1/16/2023 Technology Industries
of Finland
5. Value added to the economy generated by the
technology industry is EUR 55 billion, or over 28%
of GDP * (2017)
5
28.8, 53%
15.6, 29%
10.1, 18%
A total of EUR 54.5 billion
Impact on technology industry
(direct influence)
Impact on other industries
(indirect influence)
Impact on private consumption
(income effect)
*) GDP value added was EUR 193.3 billion in 2017.
Source: Economic Impact of the Technology Industry in Finland 11/2018
1/16/2023 Technology Industries
of Finland
6. Technology industry generates nearly 650,000 jobs
in Finland (over 25% of all employees) (2017)
6
304,600, 47%
225,800, 35%
114,600, 18%
A total of 644 900 employees
Impact on technology industry
(direct influence)
Impact on other industries
(indirect influence)
Impact on private consumption
(income effect)
10 jobs in the technology industry bring
11 jobs to the rest of the economy
Source: Economic Impact of the Technology Industry in Finland 11/2018
1/16/2023 Technology Industries
of Finland
7. Every job in the technology industry generates
almost another job in the services (2017)
7
295,100, 87%
12,200, 3%
33,100, 10%
Impact on other industries and on
private consumption: 340,300 employees
Services*
Primary production
Processing*
*) Excl. the services industries in the technology industry.
Source: Economic Impact of the Technology Industry in Finland 11/2018
1/16/2023 Technology Industries
of Finland
8. Technology industry generates over 18 billion
euros in tax revenue annually in Finland (2017)
8
9.2, 50%
4.3, 24%
4.7, 26%
A total of EUR 18.2 billion
Impact on technology industry
(direct influence)
Impact on other industries
(indirect influence)
Impact on private consumption
(income effect)
Source: Economic Impact of the Technology Industry in Finland 11/2018
1/16/2023 Technology Industries
of Finland
9. Turnover of the technology industry in Finland
9
Source: Macrobond, Statistics Finland, Technology Industries of Finland
1/16/2023 Technology Industries
of Finland
10. 10
*) In addition to goods exports the sector exported services worth some 14-15 billion euros.
Source: National Board of Customs, Statistics Finland
Export of tchnology industry goods from Finland
by area in 2021
Total goods exports 36.15 billion euros*
North America
3.10 billion €
8.6 %
Western Europe
20.91 billion €
57.8 %
South and
Middle America
1.17 billion €
3.2 %
Central and Eastern Europe
5.35 billion €
14.8 %
Africa
0.53 billion €
1.5 %
Middle and
Central East
0.33 billion €
0.9 %
Asia
4.76 billion €
13.2 %
1/16/2023 Technology Industries
of Finland
11. Turnover of the industry and technology industry
in Finland
11
Source: Macrobond, Statistics Finland
1/16/2023 Technology Industries
of Finland
12. Turnover of the technology industry in Finland
12
Source: Macrobond, Statistics Finland
1/16/2023 Technology Industries
of Finland
13. Value of new orders in the technology industry* in
Finland
13
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation July-September 2022.
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
Combined
Export
Domestic
Million euros, at current prices
Change: III/2022 / III,2021 III,2022 / II,2022
Export: +19 % +15 %
Domestic: +6 % -29 %
Combined: +17 % +4 %
*) Excl. metals
industry, game
industry and data
center companies
Technology Industries
of Finland
1/16/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
14. Value of order books in the technology industry*
in Finland
14
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 30th September 2022.
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
26,000
28,000
30,000
32,000
34,000
36,000
Export
Domestic
Million euros, at current prices
Change: 30.9.2022 / 30.9.2021 30.9.2022 / 30.6.2022
Export: +10 % +8 %
Domestic: +9 % -1 %
Combined: +10 % +6 %
*) Excl. metals
industry, game
industry and data
center companies
Combined
Technology Industries
of Finland
1/16/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
15. Tender requests* received by the technology
industry companies in Finland
15
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies
The latest questionnaire in October 2022.
*) ”Have you experienced a notable increase or decrease in the number of requests for tenders in recent weeks in comparison to the situation three
months ago”. Balance figure = the share of companies receiving more requests - the share of companies receiving less requests. Negative balance
figure indicates that demand has weakened when compared to a situation three months ago.
Technology Industries
of Finland
1/16/2023
-60
-50
-40
-30
-20
-10
0
10
20
30
40
Balance figure
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
16. Value of new orders in the electronics and
electrotechnical industry in Finland
16
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Combined
Export
Domestic
Million euros, at current prices
Change: III,2022 / III,2021 III,2022 / II,2022
Export: +36 % +16 %
Domestic: -15 % -20 %
Combined: +28 % +11 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation July-September 2022.
Technology Industries
of Finland
1/16/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
17. Value of order books in the electronics and
electrotechnical industry in Finland
17
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,500
Export
Domestic
Million euros, at current prices
Change: 30.9.2022 / 30.9.2021 30.9.2022 / 30.6.2022
Export: +30 % +15 %
Domestic: +8 % -4 %
Combined: +26 % +12 %
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 30th September 2022.
Technology Industries
of Finland
1/16/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
18. Value of new orders in the mechanical engineering
in Finland
18
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Combined
Export
Domestic
Million euros, at current prices
Change: III,2022 / III,2021 III,2022 / II,2022
Export: +4 % +13 %
Domestic: +23 % -39 %
Combined: +7 % -1 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation July-September 2022.
Technology Industries
of Finland
1/16/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
19. Value of order books in the mechanical
engineering in Finland
19
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
26,000
Export
Domestic
Million euros, at current prices
Change: 30.9.2022 / 30.9.2021 30.9.2022 / 30.6.2022
Export: +4 % +6 %
Domestic: +3 % -2 %
Combined: +4 % +4 %
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 30th September 2022.
Technology Industries
of Finland
1/16/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
20. Value of new orders in the consulting engineering
in Finland
20
0
20
40
60
80
100
120
140
160
180
200
220
240
260
280
300
320
340
Combined
Export
Domestic
Million euros, at current prices
Change: III,2022 / III,2021 III,2022 / II,2022
Export: +30 % +22 %
Domestic: +2 % -17 %
Combined: +4 % -15 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation July-September 2022.
Technology Industries
of Finland
1/16/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
21. Value of order books in the consulting engineering
in Finland
21
0
100
200
300
400
500
600
700
800
900
Export
Domestic
Million euros, at current prices
Change: 30.9.2022 / 30.9.2021 30.9.2022 / 30.6.2022
Export: +30 % +6 %
Domestic: +13 % +2 %
Combined: +14 % +3 %
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 30th September 2022.
Technology Industries
of Finland
1/16/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
22. Value of new orders in the information
technology* in Finland
22
0
100
200
300
400
500
600
700
800
900
Million euros, at current prices
Change: III,2022 / III,2021 III,2022 / II,2022
Combined: +14 % -13 %
*) Excl. game industry and data center companies
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation July-September 2022.
Technology Industries
of Finland
1/16/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
23. Value of Order Books in the Information
Technology* in Finland
23
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
Million euros, at current prices
Change: 30.9.2022 / 30.9.2021 30.9.2022 / 30.6.2022
Combined: +23 % 0 %
*) Excl. game industry and data center companies
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 30th September 2022.
Technology Industries
of Finland
1/16/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
24. Technology Industry Personnel
24
1/16/2023 Technology Industries of
Finland
Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey, Macrobond
2,500 employees affected by
temporary lay-offs 30th Sept
2022
30th Sept
25. 25
1/16/2023 Technology Industries of
Finland
Source: The Federation of Finnish Technology Industries’ labour force survey
-4,000
-2,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Change in number of personnel comparede to previous quarter Number of recruitments during the quarter
Technology industry headcount growth slowed
down
26. Technology Industry Personnel in Finland by
Industry
26
1/16/2023 Technology Industries of
Finland
Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey, Macrobond
30th Sept
27. Technology industry personnel in subsidiaries
abroad by industry
27
1/16/2023 Technology Industries of
Finland
Source: The Federation of Finnish Technology Industries’ labour force survey, Macrobond
28. Technology Industry Personnel in Subsidiaries
Abroad by Country
28
1/16/2023 Technology Industries of
Finland
Source: The Federation of Finnish Technology Industries’ labour force survey
Information from year 2021
China, 47,703, 16%
India, 31,478, 11%
USA, 24,584, 8%
Poland, 19,426, 6%
Germany, 16,774, 6%
Sweden, 14,901, 5%
Mexico, 13,600, 5%
France, 9,973, 3%
UK, 7,625, 3%
Norway, 7,582, 3%
Russia, 7,330, 2%
Brazil, 6,302, 2%
Italy, 6,045, 2%
Other Countries, 84,632, 28%
Ukraine: 2 815
29. Retirement of technology industry personnel in
Finland
29
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030
Salaried employees
Blue collar employees
Individuals per year
Source: Wage inquiry of the Techonology Industries of Finland, Finnish Centre for Pensions, Statistics Finland
Technology Industries
of Finland
1/16/2023
30. Retirement of technology industry blue collar
employees in Finland
30
0
500
1000
1500
2000
2500
3000
3500
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030
Mechanical engineering Metals industry Electronics and electrotechnical industry
Individuals per year
Source: Wage inquiry of the Techonology Industries of Finland, Finnish Centre for Pensions, Statistics Finland
Technology Industries
of Finland
1/16/2023
Number of individuals retiring
(estimation)
Number of individuals retired
31. World economic outlook
- Finland as a part of global
economy
31
1/16/2023 Technology Industries of Finland
32. GDP in Euro Area and Finland by quarter
32
Lähde: Macrobond
Technology Industries
of Finland
1/16/2023
33. Export of goods and services from Finland and
Euro Area by quarter
33
Source: Macrobond, Eurostat
1/16/2023 Technology Industries
of Finland
34. GDP by demand sector in Finland by quarter
34
Source: Macrobond, Statistics Finland
Technology Industries
of Finland
1/16/2023
35. GDP in some western countries
35
Souce: Macrobond
Technology Industries
of Finland
1/16/2023
36. 36
Source: Macrobond
GDP in large developing countries
China, India, Brazil and Russia account for 31% of the world economy, adjusted for purchasing power
1/16/2023 Technology Industries
of Finland
37. Purchasing Manager Indices for the entire
business sector in Finland’s most important export
countries
37
Source: Macrobond. Markit
1/16/2023 Technology Industries
of Finland
38. Industrial production in some developed countries
38
1/16/2023 Source: Macrobond
Technology Industries
of Finland
39. Industrial production in some European countries
39
1/16/2023 Source: Macrobond
Technology Industries
of Finland
41. Purchasing Manager indices for the manufacturing
industries
41
Source: Macrobond, Markit
1/16/2023 Technology Industries
of Finland
42. Purchasing Manager indices for the manufacturing
industries in major developing countries
42
Source: Macrobond, Markit
1/16/2023 Technology Industries
of Finland
43. Exchange rates (when the curve rises, the value of the
Euro strengthens against the other currency)
43
Source: Macrobond
1/16/2023 Technology Industries
of Finland
44. 44
Source: Macrobond, The CPB Netherlands Bureau for Economic Policy Analysis
Goods export volume
Technology Industries
of Finland
1/16/2023
51. Industrial tangible and intangible investment* in
Finland
51
*) Including software investments.
Source: Statistics Finland (National Accounts), Confederation of Finnish Industries’ Investment Survey June 2022
0
1
2
3
4
5
6
7
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22e
Tangible investment
Intangible investment
Intangible investment (excl.
electronics industry)
Billion euros, at fixed 2015 prices
1/16/2023 Technology Industries
of Finland
52. Industrial investment and consumption of fixed
capital in Finland
52
*) Including software investments.
Source: Statistics Finland (National Accounts), Confederation of Finnish Industries’ Investment Survey June 2022
0
1
2
3
4
5
6
7
8
9
10
11
12
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22e
Tangible and intangible
investment*
Consumption of Fixed
Capital
Billion euros, at fixed 2015 prices
1/16/2023 Technology Industries
of Finland
53. Industrial production capital loss in Finland
53
Source: Statistics Finland (National Accounts)
0
5
10
15
20
25
30
35
40
45
50
55
60
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21
Cumulative consumption
of tangible capital
Cumulative tangible
investment
Billion euros, at fixed 2015 prices
1/16/2023 Technology Industries
of Finland
=6,2 bill. €
54. Industrial tangible investment
54
Source: Eurostat (National Accounts), Confederation of Finnish Industries’ investment survey, June 2022
60
70
80
90
100
110
120
130
140
150
160
170
180
190
200
210
220
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22e
Hungary
Poland
Netherlands
Austria
Germany
Chech
Republic
Sweden
Belgium
Finland
Billion euros, at fixed 2015 prices, index 2005=100
1/16/2023 Technology Industries
of Finland
55. Investment rate in industrial tangible investments
55
Source: Eurostat (National Accounts)
6
8
10
12
14
16
18
20
22
24
26
28
30
32
34
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20
Hungary
Poland
Netherlands
Austria
Germany
Czech
Republic
Sweden
Belgium
Finland
Tangible investments / value added, %
1/16/2023 Technology Industries
of Finland
56. Industrial intangible investments
56
*) Intangible investments include research and development and software investments etc.
Source: Eurostat (National Accounts), Confederation of Finnish Industries’ investment survey, June 2021
40
60
80
100
120
140
160
180
200
220
240
260
280
300
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22e
Hungary
Poland
Netherlands
Austria
Germany
Czech Republic
Sweden
Belgium
Finland, excl.
electronics industry
Finland
Billion euros, at fixed 2015 prices,
index 2005=100
1/16/2023 Technology Industries
of Finland
57. Investment rate of industrial intangible
investments*
57
*) Intangible investments include research and development and software investments.
Source: Eurostat (National Accounts)
0
2
4
6
8
10
12
14
16
18
20
22
24
05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20
Hungary
Poland
Netherlands
Austria
Germany
Czech Republic
Sweden
Belgium
Finlans, excl.
electronics industry
Finland
Intangible investments / value added, %
1/16/2023 Technology Industries
of Finland
58. Productivity* development in Finland
58
1/16/2023 Technology Industries of
Finland
*) Productivity is measured as real value added per hours worked. When productivity grows
(the curve rises) value added grows more than hours worked.
Source: Statistics Finland
59. 59
Latest information April-June 2022.
Source: Eurostat: Quarterly National Accounts
GDP productivity development
GDP at fixed prices / hours worked
82
84
86
88
90
92
94
96
98
100
102
104
106
108
110
112
114
116
118
Euro countries
Sweden
Finland
Germany
Index 2008=100 (the year before the collapse of Finnish industrial production capacity)
1/16/2023 Technology Industries of
Finland
60. 60
Latest information April-June 2022.
Source: Eurostat: Quarterly National Accounts
Industrial productivity development
Industrial value added at fixed prices / hours worked
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
Euro countries
Sweden
Finland
Germany
2008=100 (the year before the collapse of Finnish industrial production capacity)
1/16/2023 Technology Industries of
Finland
62. 62
Finland’s cost competitiveness compared to the
average of Euro countries
Unit labour costs in the whole economy = labour costs / productivity, including the influence of effective
exchange rates
94
96
98
100
102
104
106
108
110
112
2000=100
2005=100
2008=100
Finland’s price
and cost
competitiveness
declines
Finland’s price
and cost
competitiveness
improves
1/16/2023 Technology Industries
of Finland
*) In the ECB Harmonised Competitiveness Index, the average effective exchange rate of each country is calculated vis-à-vis 38
main trade partners, as well as the development of unit labour costs for the total economy.
Latest information January-March 2022. Source: European Central Bank
00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22
63. Member Companies of the
Federation of Finnish
Technology Industries
63
1/16/2023 Technology Industries
of Finland
64. The Federation’s Member Companies 2021
64
250–499 employees
80,482
40%
31,515
16%
31,236
16%
55,658
28%
1 620
91%
90
5%
46
3%
24
1%
Number of enterprices / 1 780 Number of personnel / 198 891
1–249 employees 500–999 employees
1000– employees
1/16/2023 Technology Industries
of Finland
65. The Federation’s SME Member Companies 2021
65
512
32%
562
35%
316
20%
230
14%
Number of enterprices / 1 620 Number of personnel / 80 482
5 300
7%
18 188
23%
22,109
27%
34,885
43%
1–19 employees
20–49 employees
50–99 employees
100–249 employees
1/16/2023 Technology Industries
of Finland
66. Operating Profit in the Member Companies of
Technology Industries of Finland in 2020
Operating profit-% = operating result / turnover * 100 (before taxes and financial income
and expenses)
66
Source: Statistics Finland
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
(Median: 5,2 %)
Good (30 %)
Satisfactory (22 %)
Weak (26 %)
Unprofitable (22 %)
Companies in random order
1/16/2023 Technology Industries
of Finland
67. Net Profit in the Member Companies of Technology
Industries of Finland in 2020
Return on assets -% = (net income + financial expenses + taxes) / (capital invested in the financial
year) * 100
67
Source: Statistics Finland
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
(Median: 4,2 %)
Unprofitable (24 %)
Good (25 %)
Satisfactory (21 %)
Weak (30 %)
Companies in random order
1/16/2023 Technology Industries
of Finland
68. Return on Assets in the Member Companies of
Technology Industries of Finland in 2020
Equity ratio -% = (total equity + total appropriations accrued) / adjusted balance sheet *
100
68
Source: Statistics Finland
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
(Median: 11,9 %)
Good (43 %)
Unsatisfactory (11 %)
Mediocre (26 %)
Weak (20 %)
Companies in random order
1/16/2023 Technology Industries
of Finland
69. Equity Ratio in the Member Companies of
Technology Industries of Finland in 2020
Equity ratio -% = (total equity + total appropriations accrued) / adjusted balance sheet *
100
69
Source: Statistics Finland
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
(Median: 44,9 %)
Good (56 %)
Satisfactory (23 %)
Weak (21 %)
Companies in random order
1/16/2023 Technology Industries
of Finland