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 |
---|---|---|---|---|---|
Ahlstrom | Basic materials | Basic resources | Helsinki | 1851 | Fiber materials |
Aktia Bank | Financials | Banks | Helsinki | 1991 | Finance |
Alko | Consumer services | Specialty retailers | Helsinki | 1932 | State alcoholic beverage retailer |
Alma Media | Consumer services | Publishing | Helsinki | 1849 | Digital media |
Altia | Consumer goods | Distillers & vintners | Helsinki | 1999 | Alcoholic beverages |
Amer Sports | Consumer goods | Recreational products | Helsinki | 1950 | Sporting equipment |
Bank of Åland | Financials | Banks | Mariehamn | 1919 | Finance |
Bittium | Consumer goods | Consumer electronics | Oulu | 1985 | Electronics |
Cargotec | Industrials | Transportation services | Helsinki | 2005 | Cargo-handling machinery |
Codenomicon | Technology | Software | Oulu | 2001 | Computer security testing |
DNA Oyj | Telecommunications | Mobile telecommunications | Helsinki | 2000 | Telecommunications services |
Eckerö Line | Industrials | Marine transportation | Helsinki | 1995 | Shipping |
EKS | Consumer goods | Consumer electronics | Espoo | 1955 | Disc jockey hardware |
Elisa | Telecommunications | Fixed line telecommunications | Helsinki | 1882 | Telecommunications services |
Fazer | Consumer services | Restaurants & bars | Helsinki | 1891 | Food and restaurants |
Fingrid | Utilities | Conventional electricity | Helsinki | 1996 | Electricity transmission |
Finnair | Consumer services | Airlines | Vantaa | 1923 | Airline |
Finnlines | Industrials | Marine transportation | Helsinki | 1947 | Shipping |
Fiskars | Consumer goods | Durable household products | Helsinki | 1649 | Kitchen, garden, and outdoors equipment |
Fortum | Utilities | Alternative electricity | Espoo | 1998 | Energy |
F-Secure | Technology | Software | Helsinki | 1988 | Computer software |
Hartwall | Consumer goods | Soft drinks | Helsinki | 1836 | Beverages |
Hesburger | Consumer services | Retail | Turku | 1966 | Fast food restaurants |
HKScan | Consumer goods | Restaurants & bars | Turku | 1913 | Food |
Holvi | Financials | Banking | Helsinki | 2011 | Online business banking |
Huhtamäki | Industrials | Containers & packaging | Espoo | 1920 | Food packaging |
Kemira | Basic materials | Specialty chemicals | Helsinki | 1920 | Chemicals |
Kemppi | Industrials | Business support services | Lahti | 1949 | Welding |
Kesko | Consumer services | Broadline retailers | Helsinki | 1940 | Retailing |
Kone | Industrials | Industrial machinery | Helsinki | 1910 | Elevators and escalators |
Konecranes | Industrials | Industrial machinery | Hyvinkää | 1994 | Lifting equipment |
Kotipizza | Consumer services | Restaurants & bars | Helsinki | 1987 | Restaurants |
LähiTapiola | Financials | Full line insurance | Espoo | 2013 | Insurance |
Lemminkäinen Group | Industrials | Heavy construction | Helsinki | 1910 | Construction |
Marimekko | Consumer goods | Clothing & accessories | Helsinki | 1951 | Fashion design |
Metsä Group | Basic materials | Paper | Helsinki | 1947 | Paper, pulp, timber |
Metso | Industrials | Business support services | Helsinki | 1999 | Equipment and services for process industries |
Navielektro | Industrials | Defense | Kaarina | 1987 | Radar, communications equipment |
Neste | Oil & gas | Exploration & production | Espoo | 1948 | Petroleum, biofuels |
Nokia | Industrials | Telecommunications equipment | Espoo | 1865 | Telecommunications infrastructure and equipment |
Nokia Networks | Technology | Telecommunications equipment | Espoo | 2007 | Part of Nokia |
Nokian Jalkineet | Consumer goods | Footwear | Helsinki | 1898 | Boots |
Nokian Tyres | Consumer goods | Automobiles | Nokia | 1932 | Tyres |
Olvi | Consumer goods | Soft drinks | Helsinki | 1878 | Beverages |
OP Financial Group | Financials | Financial services | Helsinki | 1891 | Finance and insurance |
Orion Corporation | Health care | Pharmaceuticals | Espoo | 1917 | Pharmaceuticals |
Outokumpu | Basic materials | Iron & steel | Helsinki | 1932 | Steel |
Outotec | Industrials | Business support services | Espoo | 2006 | Mineral and metals processing technology |
Patria | Industrials | Defense | Helsinki | 1997 | Military technology |
Planmeca | Health care | Medical equipment | Helsinki | 1971 | Dental and medical technology |
Pohjolan Voima | Utilities | Alternative electricity | Helsinki | 1943 | Energy |
Polar Electro | Consumer goods | Recreational products | Kempele | 1977 | Fitness equipment |
Ponsse Corporation | Industrials | Commercial vehicles & trucks | Vieremä | 1970 | Forestry vehicles |
Posiva | Industrials | Waste & disposal services | Eurajoki | 1995 | Nuclear waste management |
Posti Group | Logistics | Delivery services | Helsinki | 1638 | Postal service |
Pöyry | Industrials | Business support services | Vantaa | 1958 | Consulting and engineering |
Process Vision | Technology | Business support services | Helsinki | 1993 | IT for energy companies |
Raisio Group | Consumer goods | Food products | Raisio | 1939 | Food |
Rautaruukki | Industrials | Building materials & fixtures | Helsinki | 1960 | Steel products |
Rovio Entertainment | Technology | Software | Espoo | 2003 | Video games |
S Group | Consumer services | Hotels | Helsinki | 1904 | Retailing, hotels |
Sampo Group | Financials | Full line insurance | Helsinki | 1909 | Insurance |
Sanoma | Consumer services | Publishing | Helsinki | 1999 | Books and magazines |
Silja Line | Industrials | Marine transportation | Helsinki | 1957 | Shipping, part of Tallink (Estonia) |
Sisu Auto | Industrials | Commercial vehicles & trucks | Helsinki | 1931 | Heavy Duty Trucks & Military Vehicles |
Solidium | Financials | Investment services | Helsinki [7] | 2008 | Investments |
SSH Communications Security | Technology | Software | Helsinki | 1995 | Computer software |
St1 | Oil & gas | Exploration & production | Helsinki | 1995 | Petroleum |
Stenfors | Industrials | Heavy construction | Oulu | 1969 | Construction |
Stockmann | Consumer services | Broadline retailers | Helsinki | 1862 | Retailing |
Stonesoft Corporation | Technology | Software | Helsinki | 1990 | Network security, defunct, now part of Forcepoint (USA) |
Stora Enso | Basic materials | Paper | Helsinki | 1998 | Paper, pulp, timber |
Suominen Corporation | Consumer goods | Clothing & accessories | Helsinki | 1898 | Convenience and care nonwovens |
Supercell | Technology | Software | Helsinki | 2010 | Video games |
Suunto | Consumer goods | Recreational services | Vantaa | 1936 | Technical sports equipment, part of Amer Sports |
Talvivaara Mining Company | Basic materials | Nonferrous metals | Espoo | 2004 | Nickel mining |
Tieto | Technology | Software | Helsinki | 1968 | Information technology |
Tikkurila | Basic materials | Commodity chemicals | Vantaa | 1862 | Paints |
UPM-Kymmene | Basic materials | Paper | Helsinki | 1996 | Paper, pulp, timber, biofuels |
Vacon | Industrials | Electrical components & equipment | Vaasa | 1993 | Variable-speed AC drives |
Vaisala | Technology | Software | Vantaa | 1936 | Environmental measuring technology |
Valio | Consumer goods | Food products | Helsinki | 1905 | Food |
Valmet Automotive | Consumer goods | Automobiles | Uusikaupunki | 1968 | Car assembly |
Valmet | Industrials | Industrial machinery | Espoo | 2013 | Industrial equipment |
Valtra | Industrials | Commercial vehicles & trucks | Äänekoski | 1951 | Tractors |
Verkkokauppa.com | Consumer services | Broadline retailers | Helsinki | 1992 | Storefront and online retail |
Viking Line | Industrials | Marine transportation | Mariehamn | 1963 | Shipping |
VR | Industrials | Railroads | Helsinki | 1862 | Rail transport |
Wärtsilä | Industrials | Electronic equipment | Helsinki | 1834 | Power plants and marine propulsion systems |
Woikoski | Basic materials | Basic resources | Voikoski [8] | 1882 | Helium |
YIT | Industrials | Heavy construction | Helsinki | 1912 | Construction |
The economy of Canada is a highly developed mixed economy, with the world's tenth-largest economy as of 2023, 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 the Czech Republic is a developed export-oriented social market economy based in services, manufacturing, and innovation that maintains a high-income welfare state and the European social model. The Czech Republic participates in the European Single Market as a member of the European Union, and is therefore a part of the economy of the European Union. It uses its own currency, the Czech koruna, instead of the euro. It is a member of the Organisation for Economic Co-operation and Development (OECD). The Czech Republic ranks 16th in inequality-adjusted human development and 24th in World Bank Human Capital Index, ahead of countries such as the United States, the United Kingdom or France. It was described by The Guardian as "one of Europe's most flourishing economies".
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 and eurozone. The economy is heavily influenced by developments in the Finnish and Swedish economies.
The economy of Greece is the 54th largest in the world, with a nominal gross domestic product (GDP) of $250.276 billion per annum. In terms of purchasing power parity, Greece is the world's 55th largest economy, at $430.125 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 $23,966 at nominal value and $41,188 at purchasing power parity.
The economy of Japan is a highly developed/advanced social market economy, often referred to as an East Asian model. It is the 4th-largest economy in the world by nominal GDP behind the United States, China, and Germany and the 4th-largest by purchasing power parity (PPP).
The economy of Mexico is a developing mixed-market economy. It is the 12th largest in the world in nominal GDP terms and by purchasing power parity. Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals. Mexico was not significantly influenced by the 2002 South American crisis, and maintained positive, although low, rates of growth after a brief period of stagnation in 2001. However, Mexico was one of the Latin American nations most affected by the 2008 recession with its gross domestic product contracting by more than 6% in that year.
The economy of Poland is an industrialised, mixed economy with a developed market that serves as the sixth-largest in the European Union by nominal GDP and fifth-largest by GDP (PPP). Poland boasts the extensive public services characteristic of most developed economies. Since 1988, Poland has pursued a policy of economic liberalisation but retained an advanced public welfare system. This includes universal free public healthcare and education, extensive provisions of free public childcare, and parental leave. The country is considered by many to be a successful post-communist state. It is classified as a high-income economy by the World Bank, ranking 20th worldwide in terms of GDP (PPP), 21st in terms of GDP (nominal), and 21st in the 2023 Economic Complexity Index.
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The economy of Slovenia is a developed economy, and the country enjoys a high level of prosperity and stability as well as above-average GDP per capita by purchasing power parity at 92% of the EU average in 2022. 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’s 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 2021, Spain was the twentieth-largest exporter in the world and the sixteenth-largest importer. Spain is listed 27th in the United Nations Human Development Index and 37th in GDP per capita by the World Bank. Some of the main areas of economic activity are the automotive industry, medical technology, chemicals, shipbuilding, tourism and the textile industry.
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Income in India discusses the financial state in India. With rising economic growth and prosperity, India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around Rs. 98,374 in 2022-23. The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. The same year, GRI growth rate at constant prices was around 6.6 percent. While GNI and NNI are both indicators for a country's economic performance and welfare, the GNI is related to the GDP or the Gross Domestic Product plus the net receipts from abroad, including wages and salaries, property income, net taxes and subsidies receivable from abroad. On the other hand, the NNI of a country is equal to its GNI net of depreciation.
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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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