Finland is Europe’s most dynamic economy

Finland’s particular strengths are in science and technology, and in the country’s business environment, according to the Grant Thornton Global Dynamism Index.

Finland is Europe’s most dynamic economy, according to the Grant Thornton Global Dynamism Index (GDI). The index ranks 60 of the world’s leading economies on their dynamism in five key areas: business operating environment, economics & growth, science & technology, labour & human capital, and financing environment. Globally, Finland is ranked fifth overall by the index.

GDI ranks Finland third globally in the category for science & technology, fifth for business environment, and sixth for financing environment. According to the GDI country profile, Finland achieved good scores for political stability, legal and regulatory risk, R&D as percentage of GDP, corporate tax burden, school life expectancy, and unemployment.

Multiple strengths

Finland also scored highly for foreign trade and exchange regimes and controls, policy towards private enterprise and competition, the quality of the overall financial regulatory system, and broadband subscriber lines per 100 inhabitants.

The Global Dynamism Index is an annual research project developed by the Economist Intelligence Unit for Grant Thornton. It ranks 60 of the largest economies in the world on 22 indicators across five areas of dynamism to better understand the best business growth environments. Dynamism refers to the changes in an economy over the past 12 months which are likely to lead to a faster future rate of growth.

Source: Grant Thornton Global Dynamism Index