Finland’s well-managed economy continues to place it in high regard among global economic powerhouses. For the third consecutive year, Finland topped the World Economic Forum’s list of most competitive economies, outpacing the United States in second place.

Having recovered from the worst economic recession in its history in the early 1990s, Finland’s economy achieved a record performance in 2006. Preliminary estimates put GDP growth at six percent, among the highest in the OECD. Among the west European countries, possibly only Ireland did better. Growth was fed largely by successful exports. Demand in Asia, in particular, has brought in orders for Finnish industry and many engineering companies are booked solid. Nokia's net sales figure is already higher than the entire Finnish budget and the mobile phone giant made a record profit of EUR 4.3 billion. Unemployment has fallen to eight percent, which is below the EU average, and is predicted to drop again.

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