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Internet accounts for almost one tenth of Finland´s GDP

Internet accounts for almost one tenth of Finland´s GDP

News article 23.03.2012 14.46 fi sv en

The Ministry of Transport and Communications has produced a report on the role played by the Internet in the Finnish economy. According to the report, compiled by Etlatieto Oy, the Internet accounts for nine per cent of the Finnish economy. In a comparison of eight countries, Finland was ranked number one.

In the countries examined in the report, the Internet accounted for between four and nine per cent of the gross domestic product. Finland was well ahead of Sweden and the United States, which came second and third, respectively.

The other countries included in the report were Austria, Denmark, Germany, the Netherlands and the United Kingdom.

An export surplus in information and communications technology (ICT) products and services contributed significantly to Finland's good performance. The surplus in the trade of services was a particularly important factor. The comparison suggests that Finland is better at offering ICT that at using it.