Finland is losing its vitality, consultancy study finds
The study assessed countries on how well they attract and retain people.
Finland's economic vitality has stagnated over the past 15 years, according to a new study by consultancy MDI. Since 2010, 15 OECD nations have surpassed Finland in the index's assessment of vitality. The MDI's EVPY index evaluates countries based on their capacity to attract and retain residents, as well as social sustainability.
Finland ranks sixth among 38 OECD countries in this regard, slipping from ninth place in 2010 to 24th place in 2024. Despite this decline, MDI's Risto Heikkinen noted that sixth place is still a commendable achievement. However, falling behind in vitality could ultimately undermine Finland's stronger economic areas. The index considers factors such as business sector investment in research and development, gross national income, and employment rates.
Ireland, the Czech Republic, Estonia, and Slovakia have shown significant gains in recent years, climbing the rankings rapidly from lower starting points. Funded by Finnish think tank Sitra, the EVPY index assesses the livability and employability of OECD countries from 2010 to 2024 using 22 indicators.
Written by urgent.news from Yle News Finland's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
