Nordicum - Real Estate Annual Finland 2017 | Page 10

Finland fast facts

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).
Newsweek Magazine has ranked Finland as the world’ s best country on the basis of criteria emphasising the environment, education and quality of life.
Finland has the highest Research & Development intensity of all 28 European Union member states( Eurostat).
According to the Social Progress Index( maintained by Social Progress Imperative), Finland was the most socially progressive country in the world in 2016.
Helsinki is ranked third( behind New York and London) in the global CITIE Index 2015 which studied governmental support of entrepreneurs among cities.
Corporation tax was lowered to 20 % at the beginning of 2014( from 24,5 %).
Finnish game series Angry Birds has been downloaded more than three billion times, making it the most downloaded freemium game series of all time.
Finnish startup spirit is personified by super tech-event Slush which again brought together 17,500 attendees in Nov-Dec 2016. Described as“ Burning Man meets TED”, the event also racked up one million live stream viewers.
Labour costs are lower in Finland compared to the other Nordic countries.
Finland ranked third overall in Global Sustainable Competitiveness Index in 2016( SolAbility).
When countries were viewed according to their expenditure on R & D as a percentage of GDP, Finland was the fourth on the list in 2016( Unesco Institute for Statistics).
Finland has the best availability of scientists and engineers in the world( WEF’ s Global Competitiveness Report 2014 – 2015).
10 Nordicum Tandem Graphics 2017