Sample Business Paper on Country Profile Finland

Abstract

This essay contains Finland’s country profile. It starts with brief background information of the country including its history. There is Information on the country’s economy and an economic indicator listing included. It has information on Finland’s transport system including road, railway, water, and air transport. It examines the state and nature of the country’s transport system. Communication systems including telephones, media, and internet are also examined. The paper explores the prevalence of internet usage and its level of penetration among the masses.

The writing includes information on the nature and design of Finland’s education system. There is a brief listing of the levels of Education. The paper finishes with information on the outlook of Finland’s Energy grid.

Finland Background Information

With approximately 5.5 million people, Finland is a located in Europe. It is a heavily forested country known for the many lakes, rivers, and marshlands that dot its landscape. Since the 12th century, Finland was part of Sweden as a province up until the 19th centuries. After 1809, it became a self-governing grand duchy of Russia. It became fully independent in 1917. Finland successfully defended its sovereignty and managed to ward off an invasion from the soviets during the Second World War. It achieved this by cooperating with Germany. Finland has grown into a modern industrial economy and transformed from just a farm and forest economy. It has one of the highest per capita incomes in Western Europe and has been a European Union Member since 1995. It was the only Nordic nation to join the euro single currency union at its initiation in January 1999. It features as one of the modern welfare states with a high quality of education, support of equality, and a robust national social welfare system. Challenges facing these gains include an aging population and fluctuations of an export-driven economy (indexmundi.com, 2012)

Finland Economy

Finland has a well industrialized, free market economy with a high per-capita output more or less like that of other western European nations like the United Kingdom, Italy and Germany. Its key economic sector is industrial production, mainly the engineering, telecommunications, metals, wood, and electronics industries. Finland also produces high-quality technological products like mobile phones. Apart from timber and some minerals, Finland imports most of the raw material used for energy and in manufacturing. (Economy Watch, 2013)

Finland’s Economic Indicator Listing for Finland in year 2013 (EconomyWach.com)

INDICATOR CATEGORY INDICATOR VALUE
GROSS DOMESTIC PRODUCT
GDP Growth (Constant Prices, National Currency) 0.508 %
GDP (Current Prices, National Currency) EUR 199.759 Billion.
GDP Per Capita (PPP), US Dollars US$ 37,012.46
GDP Share of World Total (PPP) 0.231 %
Implied PPP Conversion Rate 0.99
Investment (% of GDP) 19.241 %
Gross National Savings (% of GDP) 17.541 %
INFLATION DATA
Inflation, Average Consumer Prices (Year 2000 index) 121.182 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 2.898 %
Inflation, End of Year (Year 2000 index) 122.333 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 2.835 %
Import Volume of All Items (Percent Change) 0.585 %
IMPORTS / EXPORTS DATA
Import Volumes of Goods Only (Percent Change) -0.54 %
Export Volume of All Items (Percent Change) -0.381 %
Export Volumes of Goods Only (Percent Change) 0.2 %
Value of Oil Imports US$ 12.803 Billion
Value of Oil Exports US$ 7.525 Billion
EMPLOYMENT DATA
Unemployment Rate (% of Labor Force) 8.061 %
Employment 2.463 Million
Population 5.451 Million
BUDGET (USING NATIONAL CURRENCY)
General government revenue (National Currency) EUR 108.248 Billion.
General government revenue (% of GDP) 54.189 %
General government total expenditure EUR 112.321 Billion.
General government total expenditure (% of GDP) 56.228 %
Total Government Net Lending/ Borrowing EUR -4.073 Billion.
Total Government Net Lending/ Borrowing (% of GDP) -2.039 %
General Government Balance (National Currency) EUR -4.335 Billion.
General Government Balance (% of GDP) -2.17 %
DEBT DATA
Total Government Net Debt EUR -94.975 Billion.
Total Government Net Debt (% of GDP) -47.545 %
Total Government Gross Debt EUR 113.632 Billion.
Total Government Gross Debt (% of GDP) 56.885 %

 

List obtained from EconomyWach.com

 

FINLAND’S INFRASTRUCTURE

Roads

Road transport is the most preferred method of transportation in Finland especially in the rural areas. Finland’s road network is excellent and un-surfaced roads are only in remote forests and rural areas. As of 2010, there were 78,161 kilometers of public roads with 50,985 kilometers paved. 63% of all traffic on public roads is on the main roads, which have two divisions, class I and class II main roads. Motorways have existed in the country from the 1960s. However, they are still uncommon due to low traffic volumes. There are 765 kilometers of motor-ways.

Train

Trains of Finland’s State Railways are reliable, fast, efficient, clean and usually on schedule. They provide the best form of public transport covering major routes

Air transport

Concrete or asphalt surfaces, grass, earth, sand or gravel covers the  surfaces Finland’s airports’ runway surfaces. They may include closed or abandoned installations. Accommodations for maintenance, air-traffic control, or re-fuelling services are not available in all Airports. Most airlines fly both internationally and domestically.

Bicycle

Finland is largely a flat country making it bicycle friendly with plenty of bike paths that cyclists use with skaters. Most trains, buses and ferries carry bicycles. The law requires the use of helmets.

Lake & river transport

Lake and river ferryboats work during the summer when there are cruises in between Finland’s towns. Several kinds of ferries serve various islands and coastal destinations.

Education

The Finnish welfare society bases on culture, education and knowledge. Education is a major factor that drives enhancement the country’s competitiveness. Finnish education policy aims at achieving high quality, efficient, equal and international standards of education.

The educational system offers equal opportunities of education to all and is free up-to under-graduate level to citizens

Our educational system consists of:

  • One year of pre-primary education (voluntary)
  • Nine years of primary education (compulsory)
  • Upper secondary education consists of vocational and general education
  • Higher Education at the universities and polytechnics is free for Finns.

Finland is formally a bilingual country. The chief language of instruction is either Finnish or Swedish. Additionally the Finnish higher educational institutions provide many degrees and non-degree programs in English. (Study in Finland, 2013)

Communication

Finland had 890,000 users of main telephone lines in 2013. As for mobile phones, it had 9.32 million units. The telephone system is a modern system with excellent service. Finland also has a domestic digital fiber-optic fixed-line network and an extensive mobile-cellular network.

Finland’s Broadcast media have both publicly and privately owned TV stations. There are several special-interest pay-TV channels. The public and private media run cable and satellite multi-channel subscription services. Digital television signal airing started in September 2007. Analog broadcasts via cable networks ceased in February 2008. Public media maintain 25 regional radio stations and 13 national alongside a large number of private radio broadcasters (2008). Finland’s Internet country code is .fi while autonomous Aland Islands assigned use ax. There were 4.763 million Internet hosts in 2012. (Statistics Finland, 2010)

Internet Usage

Internet use is widespread in Finland. More than 86 percent of Finns are regular Internet users. Internet Banking, Email and information search on services and goods are the most frequent purposes of internet usage. More than Forty-two percent (42 %) of Finns use social networks. Men are known to use the Internet in more places than women, and mobile devices are the common tools used for the connection and access. Internet usage in older age groups continues to grow. For those in age group of 65 to 74, usage share grew by as much as from ten percent to 43 percent in a year. For younger age groups, almost everybody uses the Internet. (Statistics Finland, 2010)

Energy Grid Consistency

Finland’s Power network consists of a nation-wide transmission grid, power plants, regional networks, distribution networks, and electricity consumers. The power system is part of an inter-Nordic power system together with the systems in Denmark, Sweden, and Norway. There are direct current transmission links to and from Estonia and Russia for the connection of their systems. The inter-Nordic system is linked to Continental Europe by means of direct current transmission links. Fin-grid is responsible for the operation of the Finnish electricity transmission web. The transmission grid serves electricity consumers and producers, making trading between them on a nation-wide level and across national boundaries easier. The nation-wide transmission grid transmits most of the electricity consumed in Finland and is efficient and reliable. (Power system in Finland, 2013)

References

Economy Watch – Follow the Money (N.D.), Finland Economic Statistics, Finland Economic Indicators for the Year 2013. Retrieved October 5, 2014, from http://www.economywatch.com/economic-statistics/country/Finland/

Every second Finn uses the Internet several times a day. (N.D.). Statistics Finland – Retrieved October 5, 2014, from http://www.stat.fi/til/sutivi/2010/sutivi_2010_2010-10-26_tie_001_en.html

File: Country Profile Finland.png. (N.D.). – Statistics Explained. Retrieved October 5, 2014, from http://epp.eurostat.ec.europa.eu/statistics_explained/index.php?title=File:Country_Profile_Finland.png&filetimestamp=20131105074935

Finland. (N.D.). Transport in Finland. Retrieved October 5, 2014, from http://www.lonelyplanet.com/finland/transport/getting-around

Finland. (N.D.). – Country Profile. Retrieved October 5, 2014, from http://www.indexmundi.com/finland/

Power system in Finland (N.D.), Fin-grid Retrieved October 5, 2014, from http://www.fingrid.fi/en/powersystem/general%20description/Power%20System%20in%20Finland/Pages/default.aspx

Study in Finland. (N.D.). Education system in Finland. Retrieved October 5, 2014, from http://www.studyinfinland.fi/destination_finland/education_system

The World Fact book (N.D.), Central Intelligence Agency. Retrieved October 4, 2014, from https://www.cia.gov/library/publications/the-world-factbook/geos/fi.html