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.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@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
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.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
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
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
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
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@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
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
2. The Finnish technology industry is comprised of
five sub-sectors
2
5/17/2023 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
5/17/2023 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.
5/17/2023 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
5/17/2023 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
5/17/2023 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
5/17/2023 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
5/17/2023 Technology Industries
of Finland
9. Turnover of the technology industry in Finland
9
Source: Macrobond, Statistics Finland, Technology Industries of Finland
5/17/2023 Technology Industries
of Finland
10. 10
*) In addition to goods exports the sector exported services worth some 16-18 billion euros.
Source: Finnish Customs, Statistics Finland
Export of tchnology industry goods from Finland
by area in 2022
Total goods exports 41.31 billion euros*
North America
5.10 billion €
12.4 %
Western Europe
22.02 billion €
53.3 %
South and
Middle America
1.51 billion €
3.6 %
Central and Eastern Europe
5.43 billion €
13.1 %
Africa
0.65 billion €
1.6 %
Middle and
Central East
0.51 billion €
1.2 %
Asia
5.99 billion €
14.5 %
5/17/2023 Technology Industries
of Finland
11. Turnover of the industry and technology industry
in Finland
11
Source: Macrobond, Statistics Finland
5/17/2023 Technology Industries
of Finland
12. Turnover of the technology industry in Finland
12
Source: Macrobond, Statistics Finland
5/17/2023 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 January-March 2023.
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: I,2023 / I,2022 I,2023 / IV,2022
Export: +13 % -15 %
Domestic: +11 % -3 %
Combined: +12 % -13 %
*) Excl. metals
industry, game
industry and data
center companies
Technology Industries
of Finland
5/17/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
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 31st March 2023.
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: 31.3.2023 / 31.3.2022 31.3.2023 / 31.12.2022
Export: +8 % -4 %
Domestic: +2 % -2 %
Combined: +7 % -3 %
*) Excl. metals
industry, game
industry and data
center companies
Combined
Technology Industries
of Finland
5/17/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
15. Value of new orders in the electronics and
electrotechnical industry in Finland
15
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: I,2023 / I,2022 I,2023 / IV,2022
Export: +45 % -17 %
Domestic: +4 % -11 %
Combined: +38 % -16 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation January-March 2023.
Technology Industries
of Finland
5/17/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
16. Value of order books 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
8,000
8,500
9,000
Export
Domestic
Million euros, at current prices
Change: 31.3.2023 / 31.3.2022 31.3.2023 / 31.12.2022
Export: +37 -13
Domestic: -3 -14
Combined: +28 -13
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 31st March 2023.
Technology Industries
of Finland
5/17/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
17. Value of new orders in the mechanical engineering
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
Combined
Export
Domestic
Million euros, at current prices
Change: I,2023 / I,2022 I,2023 / IV,2022
Export: -11 % -13 %
Domestic: +14 % -3 %
Combined: -6 % -11 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation January-March 2023.
Technology Industries
of Finland
5/17/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
18. Value of order books in the mechanical
engineering in Finland
18
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: 31.3.2023 / 31.3.2022 31.3.2023 / 31.12.2022
Export: +1 % +0 %
Domestic: +8 % +3 %
Combined: +2 % +1 %
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 31st March 2023.
Technology Industries
of Finland
5/17/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
19. Turnover of the metals industry in Finland
19
Seasonal adjusted turnover index
Shares of turnover 2021: iron and steel products, non-ferrous metals and castings 90 %, mining of metal ores 10 %
Source: Statistics Finland
5/17/2023 Technology Industries
of Finland
20. Production volume of the metals industry in
Finland
20
Seasonal adjusted volume index
Shares of turnover 2021: iron and steel products, non-ferrous metals and castings 90 %, mining of metal ores 10 %
Source: Statistics Finland
5/17/2023 Technology Industries
of Finland
21. Value of new orders in the consulting engineering
in Finland
21
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: I,2023 / I,2022 I,2023 / IV,2022
Export: -57 % -27 %
Domestic: -18 % +0 %
Combined: -20 % -1 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation January-March 2023.
Technology Industries
of Finland
5/17/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
22. Value of order books in the consulting engineering
in Finland
22
0
100
200
300
400
500
600
700
800
900
Export
Domestic
Million euros, at current prices
Change: 31.3.2023 / 31.3.2022 31.3.2023 / 31.12.2022
Export: -2 % -0 %
Domestic: +1 % -1 %
Combined: +0 % -1 %
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 31st March 2023.
Technology Industries
of Finland
5/17/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
23. Value of new orders in the information
technology* in Finland
23
0
100
200
300
400
500
600
700
800
900
Million euros, at current prices
Change: I,2023 / I,2022 I,2023 / IV,2022
Combined: +14 % +9 %
*) Excl. game industry and data center companies
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation January-March 2023.
Technology Industries
of Finland
5/17/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
24. Value of Order Books in the Information
Technology* in Finland
24
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: 31.3.2023 / 31.3.2022 31.3.2023 / 31.12.2022
Combined: -5 % -3 %
*) Excl. game industry and data center companies
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest observation 31st March 2023.
Technology Industries
of Finland
5/17/2023
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
25. Headcount in the technology industry in Finland
and foreign subsidiaries
25
5/17/2023 Technology Industries of
Finland
Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey, Macrobond
150,000
170,000
190,000
210,000
230,000
250,000
270,000
290,000
310,000
330,000
350,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Personnel in Finland Personnel in subsidiaries abroad
8,000 employees affected by
temporary lay-offs 31st
March 2023
March
31st
26. 26
5/17/2023 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
Headcount growth continued despite uncertainty
27. Technology Industry Personnel in Finland by
Industry
27
5/17/2023 Technology Industries of
Finland
Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey, Macrobond
28. Technology Industry Personnel in Subsidiaries
Abroad by Industry
28
5/17/2023 Technology Industries of
Finland
Source: The Federation of Finnish Technology Industries’ labour force survey, Macrobond
29. Technology Industry Personnel in Subsidiaries
Abroad by Country
29
5/17/2023 Technology Industries of
Finland
Source: The Federation of Finnish Technology Industries’ labour force survey
Information from year 2022
China, 47,671, 15%
India, 33,233, 11%
USA, 26,404, 8%
Poland, 20,698, 7%
Germany, 18,571, 6%
Mexico, 16,013, 5%
Sweden, 14,651, 5%
France, 9,881, 3%
Brazil, 8,295, 3%
UK, 8,002, 3%
Norway, 6,734, 2%
Italy, 5,815, 2%
Canada, 5,223, 2%
Other countries, 88,004, 28%
30. Retirement of technology industry personnel in
Finland
30
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
5/17/2023
31. Retirement of technology industry blue collar
employees in Finland
31
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
5/17/2023
Number of individuals retiring
(estimation)
Number of individuals retired
32. World economic outlook
- Finland as a part of global
economy
32
5/17/2023 Technology Industries of Finland
33. GDP in Euro Area and Finland by quarter
33
Lähde: Macrobond
Technology Industries
of Finland
5/17/2023
34. Export of goods and services from Finland and
Euro Area by quarter
34
Source: Macrobond, Eurostat
5/17/2023 Technology Industries
of Finland
35. GDP by demand sector in Finland by quarter
35
Source: Macrobond, Statistics Finland
Technology Industries
of Finland
5/17/2023
36. GDP in some western countries
36
Souce: Macrobond
Technology Industries
of Finland
5/17/2023
37. 37
Source: Macrobond
GDP in large developing countries
China, India, Brazil and Russia account for 31% of the world economy, adjusted for purchasing power
5/17/2023 Technology Industries
of Finland
38. Purchasing Manager Indices for the entire
business sector in Finland’s most important export
countries
38
Source: Macrobond. Markit
5/17/2023 Technology Industries
of Finland
39. Industrial Production Volume in USA, EU, Japan
and Finland
39
5/17/2023 Technology Industries of
Finland
Seasonally adjusted volume index
Source: Macrobond
40. Industrial Production Volume in EU-Countries
40
5/17/2023 Technology Industries of
Finland
Seasonally adjusted volume index
Source: Macrobond
42. Purchasing Manager indices for the manufacturing
industries
42
Source: Macrobond, Markit
5/17/2023 Technology Industries
of Finland
43. Purchasing Manager indices for the manufacturing
industries in major developing countries
43
Source: Macrobond, Markit
5/17/2023 Technology Industries
of Finland
44. Exchange rates (when the curve rises, the value of the
Euro strengthens against the other currency)
44
Source: Macrobond
5/17/2023 Technology Industries
of Finland
45. 45
Source: Macrobond, The CPB Netherlands Bureau for Economic Policy Analysis
Goods export volume
Technology Industries
of Finland
5/17/2023
52. Industrial tangible and intangible investment* 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
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
5/17/2023 Technology Industries
of Finland
53. Industrial investment and consumption of fixed
capital in Finland
53
*) 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
5/17/2023 Technology Industries
of Finland
54. Industrial production capital loss in Finland
54
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
5/17/2023 Technology Industries
of Finland
=6,2 bill. €
55. Industrial tangible investment
55
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
5/17/2023 Technology Industries
of Finland
56. Investment rate in industrial tangible investments
56
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, %
5/17/2023 Technology Industries
of Finland
57. Industrial intangible investments
57
*) 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
5/17/2023 Technology Industries
of Finland
58. Investment rate of industrial intangible
investments*
58
*) 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, %
5/17/2023 Technology Industries
of Finland
59. Productivity* development in Finland
59
5/17/2023 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
60. 60
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)
5/17/2023 Technology Industries of
Finland
61. 61
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)
5/17/2023 Technology Industries of
Finland
63. 63
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
5/17/2023 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
64. Member Companies of the
Federation of Finnish
Technology Industries
64
5/17/2023 Technology Industries
of Finland
65. The Federation’s Member Companies 2022
65
250–499 employees
82,082
39%
32,615
15%
32,720
15%
63,728
30%
1 634
90%
95
5%
49
3%
28
2%
Number of enterprices / 1 806 Number of personnel / 211 145
1–249 employees 500–999 employees
1000– employees
5/17/2023 Technology Industries
of Finland
66. The Federation’s SME Member Companies 2022
66
512
31%
562
35%
324
20%
234
14%
Number of enterprices / 1 634 Number of personnel / 82 082
5 293
6%
18 507
23%
22 603
28%
35 679
43%
1–19 employees
20–49 employees
50–99 employees
100–249 employees
5/17/2023 Technology Industries
of Finland
67. 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)
67
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
5/17/2023 Technology Industries
of Finland
68. 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
68
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
5/17/2023 Technology Industries
of Finland
69. 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
69
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
5/17/2023 Technology Industries
of Finland
70. Equity Ratio in the Member Companies of
Technology Industries of Finland in 2020
Equity ratio -% = (total equity + total appropriations accrued) / adjusted balance sheet *
100
70
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
5/17/2023 Technology Industries
of Finland