Finland is a sovereign state in Northern Europe. It was a relative latecomer to industrialization, remaining a largely agrarian country until the 1950s. It rapidly developed an advanced economy while building an extensive Nordic-style welfare state, resulting in widespread prosperity and one of the highest per capita incomes in the world. [1] However, Finnish GDP growth was negative in 2012–2014 (−0.698% to −1.426%), with a preceding nadir of −8% in 2009. [2] Finland is a top performer in numerous metrics of national performance, including education, economic competitiveness, civil liberties, quality of life, and human development. [3] [4] [5] [6]
For further information on the types of business entities in this country and their abbreviations, see "Business entities in Finland".
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes | Status | |
---|---|---|---|---|---|---|---|
Ahlstrom | Basic materials | Basic resources | Helsinki | 1851 | Fiber materials | P | A |
Aktia Bank | Financials | Banks | Helsinki | 1991 | Finance | P | A |
Alko | Consumer services | Specialty retailers | Helsinki | 1932 | State alcoholic beverage retailer | S | A |
Alma Media | Consumer services | Publishing | Helsinki | 1849 | Digital media | P | A |
Altia | Consumer goods | Distillers & vintners | Helsinki | 1999 | Alcoholic beverages | P | A |
Amer Sports | Consumer goods | Recreational products | Helsinki | 1950 | Sporting equipment | P | A |
Bank of Åland | Financials | Banks | Mariehamn | 1919 | Finance | P | A |
Bittium | Consumer goods | Consumer electronics | Oulu | 1985 | Electronics | P | A |
Cargotec | Industrials | Transportation services | Helsinki | 2005 | Cargo-handling machinery | P | A |
Codenomicon | Technology | Software | Oulu | 2001 | Computer security testing | P | A |
DNA Oyj | Telecommunications | Mobile telecommunications | Helsinki | 2000 | Telecommunications services | P | A |
Eckerö Line | Industrials | Marine transportation | Helsinki | 1995 | Shipping | P | A |
EKS | Consumer goods | Consumer electronics | Espoo | 1955 | Disc jockey hardware | P | D |
Elisa | Telecommunications | Fixed line telecommunications | Helsinki | 1882 | Telecommunications services | P | A |
Fazer | Consumer services | Restaurants & bars | Helsinki | 1891 | Food and restaurants | P | A |
Fingrid | Utilities | Conventional electricity | Helsinki | 1996 | Electricity transmission | S | A |
Finlayson | Consumer goods | Textiles manufacturing | Helsinki | 1820 | Textiles | P | A |
Finnair | Consumer services | Airlines | Vantaa | 1923 | Airline | P | A |
Finnlines | Industrials | Marine transportation | Helsinki | 1947 | Shipping | P | A |
Fiskars | Consumer goods | Durable household products | Helsinki | 1649 | Kitchen, garden, and outdoors equipment | P | A |
Fortum | Utilities | Alternative electricity | Espoo | 1998 | Energy | P | A |
F-Secure | Technology | Software | Helsinki | 1988 | Computer software | P | A |
Hartwall | Consumer goods | Soft drinks | Helsinki | 1836 | Beverages | P | A |
Hesburger | Consumer services | Retail | Turku | 1966 | Fast food restaurants | P | A |
HKScan | Consumer goods | Restaurants & bars | Turku | 1913 | Food | P | A |
Holvi | Financials | Banking | Helsinki | 2011 | Online business banking | P | A |
Huhtamäki | Industrials | Containers & packaging | Espoo | 1920 | Food packaging | P | A |
Kemira | Basic materials | Specialty chemicals | Helsinki | 1920 | Chemicals | P | A |
Kemppi | Industrials | Business support services | Lahti | 1949 | Welding | P | A |
Kesko | Consumer services | Broadline retailers | Helsinki | 1940 | Retailing | P | A |
Kone | Industrials | Industrial machinery | Helsinki | 1910 | Elevators and escalators | P | A |
Konecranes | Industrials | Industrial machinery | Hyvinkää | 1994 | Lifting equipment | P | A |
Kotipizza | Consumer services | Restaurants & bars | Helsinki | 1987 | Restaurants | P | A |
LähiTapiola | Financials | Full line insurance | Espoo | 2013 | Insurance | P | A |
Lemminkäinen Group | Industrials | Heavy construction | Helsinki | 1910 | Construction | P | D |
Marimekko | Consumer goods | Clothing & accessories | Helsinki | 1951 | Fashion design | P | A |
Metsä Group | Basic materials | Paper | Helsinki | 1947 | Paper, pulp, timber | P | A |
Metso | Industrials | Business support services | Helsinki | 1999 | Equipment and services for process industries | P | A |
Navielektro | Industrials | Defense | Kaarina | 1987 | Radar, communications equipment | P | A |
Neste | Oil & gas | Exploration & production | Espoo | 1948 | Petroleum, biofuels | P | A |
Nokia | Industrials | Telecommunications equipment | Espoo | 1865 | Telecommunications infrastructure and equipment | P | A |
Nokia Networks | Technology | Telecommunications equipment | Espoo | 2007 | Part of Nokia | P | A |
Nokian Jalkineet | Consumer goods | Footwear | Helsinki | 1898 | Boots | P | A |
Nokian Tyres | Consumer goods | Automobiles | Nokia | 1932 | Tyres | P | A |
Olvi | Consumer goods | Soft drinks | Helsinki | 1878 | Beverages | P | A |
OP Financial Group | Financials | Financial services | Helsinki | 1891 | Finance and insurance | P | A |
Orion Corporation | Health care | Pharmaceuticals | Espoo | 1917 | Pharmaceuticals | P | A |
Oura Health | Health care | Consumer electronics | Oulu | 2013 | Health technology | P | A |
Outokumpu | Basic materials | Iron & steel | Helsinki | 1932 | Steel | P | A |
Outotec | Industrials | Business support services | Espoo | 2006 | Mineral and metals processing technology | P | A |
Patria | Industrials | Defense | Helsinki | 1997 | Military technology | S | A |
Planmeca | Health care | Medical equipment | Helsinki | 1971 | Dental and medical technology | P | A |
Pohjolan Voima | Utilities | Alternative electricity | Helsinki | 1943 | Energy | P | A |
Polar Electro | Consumer goods | Recreational products | Kempele | 1977 | Fitness equipment | P | A |
Ponsse Corporation | Industrials | Commercial vehicles & trucks | Vieremä | 1970 | Forestry vehicles | P | A |
Posiva | Industrials | Waste & disposal services | Eurajoki | 1995 | Nuclear waste management | P | A |
Posti Group | Logistics | Delivery services | Helsinki | 1638 | Postal service | S | A |
Pöyry | Industrials | Business support services | Vantaa | 1958 | Consulting and engineering | P | A |
Process Vision | Technology | Business support services | Helsinki | 1993 | IT for energy companies | P | A |
Raisio Group | Consumer goods | Food products | Raisio | 1939 | Food | P | A |
Rautaruukki | Industrials | Building materials & fixtures | Helsinki | 1960 | Steel products | P | A |
Rovio Entertainment | Technology | Software | Espoo | 2003 | Video games | P | A |
S Group | Consumer services | Hotels | Helsinki | 1904 | Retailing, hotels | P | A |
Sampo Group | Financials | Full line insurance | Helsinki | 1909 | Insurance | P | A |
Sanoma | Consumer services | Publishing | Helsinki | 1999 | Books and magazines | P | A |
Silja Line | Industrials | Marine transportation | Helsinki | 1957 | Shipping, part of Tallink (Estonia) | P | A |
Sisu Auto | Industrials | Commercial vehicles & trucks | Helsinki | 1931 | Heavy Duty Trucks & Military Vehicles | P | A |
Solidium | Financials | Investment services | Helsinki [7] | 2008 | Investments | S | A |
SSH Communications Security | Technology | Software | Helsinki | 1995 | Computer software | P | A |
St1 | Oil & gas | Exploration & production | Helsinki | 1995 | Petroleum | P | A |
Stenfors | Industrials | Heavy construction | Oulu | 1969 | Construction | P | A |
Stockmann | Consumer services | Broadline retailers | Helsinki | 1862 | Retailing | P | A |
Stonesoft Corporation | Technology | Software | Helsinki | 1990 | Network security, defunct, now part of Forcepoint (USA) | P | D |
Stora Enso | Basic materials | Paper | Helsinki | 1998 | Paper, pulp, timber | P | A |
Suominen Corporation | Consumer goods | Clothing & accessories | Helsinki | 1898 | Convenience and care nonwovens | P | A |
Supercell | Technology | Software | Helsinki | 2010 | Video games | P | A |
Suunto | Consumer goods | Recreational services | Vantaa | 1936 | Technical sports equipment, part of Amer Sports | P | A |
Talvivaara Mining Company | Basic materials | Nonferrous metals | Espoo | 2004 | Nickel mining | P | A |
Tieto | Technology | Software | Helsinki | 1968 | Information technology | P | A |
Tikkurila | Basic materials | Commodity chemicals | Vantaa | 1862 | Paints | P | A |
UPM-Kymmene | Basic materials | Paper | Helsinki | 1996 | Paper, pulp, timber, biofuels | P | A |
Vacon | Industrials | Electrical components & equipment | Vaasa | 1993 | Variable-speed AC drives | P | A |
Vaisala | Technology | Software | Vantaa | 1936 | Environmental measuring technology | P | A |
Valio | Consumer goods | Food products | Helsinki | 1905 | Food | P | A |
Valmet Automotive | Consumer goods | Automobiles | Uusikaupunki | 1968 | Car assembly | P | A |
Valmet | Industrials | Industrial machinery | Espoo | 2013 | Industrial equipment | P | A |
Valtra | Industrials | Commercial vehicles & trucks | Äänekoski | 1951 | Tractors | P | A |
Verkkokauppa.com | Consumer services | Broadline retailers | Helsinki | 1992 | Storefront and online retail | P | A |
Viking Line | Industrials | Marine transportation | Mariehamn | 1963 | Shipping | P | A |
VR | Industrials | Railroads | Helsinki | 1862 | Rail transport | S | A |
Wärtsilä | Industrials | Electronic equipment | Helsinki | 1834 | Power plants and marine propulsion systems | P | A |
Woikoski | Basic materials | Basic resources | Voikoski [8] | 1882 | Helium | P | A |
YIT | Industrials | Heavy construction | Helsinki | 1912 | Construction | P | A |
The economy of Canada is a highly developed mixed economy, with the world's ninth-largest economy as of 2024, and a nominal GDP of approximately US$2.117 trillion. Canada is one of the world's largest trading nations, with a highly globalized economy. In 2021, Canadian trade in goods and services reached $2.016 trillion. Canada's exports totalled over $637 billion, while its imported goods were worth over $631 billion, of which approximately $391 billion originated from the United States. In 2018, Canada had a trade deficit in goods of $22 billion and a trade deficit in services of $25 billion. The Toronto Stock Exchange is the tenth-largest stock exchange in the world by market capitalization, listing over 1,500 companies with a combined market capitalization of over US$3 trillion.
The economy of Estonia is rated advanced by the World Bank, i.e. with high quality of life and advanced infrastructure relative to less industrialized nations. Estonia is a member of the European Union, eurozone and OECD The economy is heavily influenced by developments in the Finnish and Swedish economies.
The economy of Greece is the 52nd largest in the world, with a nominal gross domestic product (GDP) of $252.732 billion per annum. In terms of purchasing power parity, Greece is the world's 54th largest economy, at $436.757 billion per annum. As of 2023, Greece is the sixteenth largest economy in the European Union and eleventh largest in the eurozone. According to the International Monetary Fund's figures for 2024, Greece's GDP per capita is $24,342 at nominal value and $42,066 at purchasing power parity. Among OECD nations, Greece has a highly efficient and strong social security system; social expenditure stood at roughly 24.1% of GDP.
The economy of Slovakia is based upon Slovakia becoming an EU member state in 2004, and adopting the euro at the beginning of 2009. Its capital, Bratislava, is the largest financial centre in Slovakia. As of Q1 2018, the unemployment rate was 5.72%.
The economy of Slovenia is a developed mixed economy. The country enjoys a high level of prosperity and stability as well as above-average GDP per capita by purchasing power parity at 91% of the EU average in 2023. The nominal GDP in 2023 is 68.108 billion USD, nominal GDP per capita (GDP/pc) in 2023 is USD 32,350. The highest GDP/pc is in central Slovenia, where the capital city Ljubljana is located. It is part of the Western Slovenia statistical region, which has a higher GDP/pc than eastern Slovenia.
The economy of Spain is a highly developed social market economy. It is the world's 15th largest by nominal GDP and the sixth-largest in Europe. Spain is a member of the European Union and the eurozone, as well as the Organization for Economic Co-operation and Development and the World Trade Organization. In 2023, Spain was the 18th-largest exporter in the world. Meanwhile, in 2022, Spain was the 15th-largest importer in the world. Spain is listed 27th in the United Nations Human Development Index and 36th in GDP per capita by the World Bank. Some main areas of economic activity are the automotive industry, medical technology, chemicals, shipbuilding, tourism and the textile industry. Among OECD members, Spain has a highly efficient and strong social security system, which comprises roughly 23% of GDP.
The economy of Belgium is a highly developed, high-income, mixed economy.
The economy of France is a highly developed social market economy with notable state participation in strategic sectors. It is the world's seventh-largest economy by nominal GDP and the ninth-largest economy by PPP, constituting around 4% of world GDP. Due to a volatile currency exchange rate, France's GDP as measured in dollars fluctuates sharply, being smaller in 2024 than in 2008. France has a diversified economy, that is dominated by the service sector, whilst the industrial sector accounted for 19.5% of its GDP and the primary sector accounted for the remaining 1.7%. In 2020, France was the largest Foreign Direct Investment recipient in Europe, and Europe's second largest spender in research and development. It was ranked among the 10 most innovative countries in the world by the 2020 Bloomberg Innovation Index, as well as the 15th most competitive nation globally according to the 2019 Global Competitiveness Report. It was the fifth-largest trading nation in the world. France is also the most visited destination in the world, as well as the European Union's leading agricultural power.
The economy of the Republic of Ireland is a highly developed knowledge economy, focused on services in high-tech, life sciences, financial services and agribusiness, including agrifood. Ireland is an open economy, and ranks first for high-value foreign direct investment (FDI) flows. In the global GDP per capita tables, Ireland ranks 2nd of 192 in the IMF table and 4th of 187 in the World Bank ranking.
The economy of Lithuania is the largest economy among the three Baltic states. Lithuania is a member of the European Union and belongs to the group of very high human development countries and is a member of the WTO and OECD.
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