Nordicum - Real Estate Annual Finland 2016 | Page 2

FINLAND FAST FACTS

64° 00' N 26° 00' E
Highest possible status (AAA) with
the global credit rating agencies
Fitch Ratings and Moody’s and AA+
by Standard & Poor’s.

Newsweek Magazine has ranked
Finland as the world’s best country
on the basis of criteria emphasising
the environment, education and
quality of life.

The largest sector of the
Finnish economy is services
at 65 %, followed by manufacturing and refining at 31 %.

Finnish startup spirit is personified
by super tech-event Slush which
again brought together 15,000
attendees (including 1,700 startups)
in November 2015.

Helsinki was declared the

number one
Smart City
in the world (Fast Company).

Corporation tax was lowered to
20% at the beginning of 2014
(from 24,5%).

Espoo-based Aalto University is an
"Innovation University"
through-and-through. Combining
business, design and hi-tech, Aalto
was ranked among the five rising
stars of the international academic
community by MIT.

Helsinki placed second (after
London) in the Financial Times’ FDI
Intelligence European Cities of the
Future 2014/2015 ranking which
measures the ability of areas and
cities to attract foreign direct
investments (FDI).

Finland has the highest Research &
Development
intensity of all 28 European Union
member states (Eurostat).

Tandem Graphics 2016

Labour costs are lower in Finland
compared to the other Nordic
countries.

Helsinki was ranked second in World
Economic Forum's 2013
Human Capital Index.

Finland has the best availability of
scientists and engineers in the world
(WEF’s Global Competitiveness Report
2014–2015).

Finnish game series Angry
Birds has been downloaded
more than three billion times,
making it the most downloaded freemium game series of all
time.