Overcoming the Gap in GDP Will Require 3

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Presentation transcript:

Overcoming the Gap in GDP Will Require 3 Overcoming the Gap in GDP Will Require 3.0% Growth in Finland Annually in 2018-2023 26.4.2019 Teknologiateollisuus *) The IMF forecast for the euro area in April 2018: 2.4% in 2018, 2.0% in 2019, 1.7% in 2020, 1.5% in 2021, 1.5% in 2022, 1.4% in 2023 Source: Macrobond, IMF, Federation of Finnish Technology Industry

In Development of Industrial Production, Finland Has a Gap of 15% Compared to the EU Average 26.4.2019 Teknologiateollisuus Source: Macrobond

The Value of Finnish Goods Exports Has Not Increased after Spring 2017 Million euros by month, at current prices 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Latest information February 2018 Source: Board of Customs 26.4.2019 Teknologiateollisuus

In Productivity Development, Finland Has a Gap of 25% Compared to EU Average and 20% Compared to Sweden and Germany Value added in manufacturing industry at fixed prices / hours worked 2008=100 26.4.2019 Teknologiateollisuus Latest information October-December 2017. Source: Eurostat: Quarterly National Accounts

In Productivity Development of the National Economy, Finland Has a Gap of 6% Compared to EU Average and 4% to Sweden and Germany GDP at fixed prices / hours worked 2008=100 26.4.2019 Teknologiateollisuus Latest information October-December 2017. Source: Eurostat: Quarterly National Accounts

Investment Rate of Companies in Finland Is Completely Inadequate to Close the Gap between Finland and Other Small European Countries 26.4.2019 Teknologiateollisuus Source: Eurostat Teknologiateollisuus

Growth in Turnover of the Technology Industry in Finland Has Slowed Down Seasonal adjusted turnover index Share of turnover 2017: mechanical engineering 40%, electronics and electrotechnical industry 20%, information technology 17%, metals industry 15%, consulting engineering 8% Source: Macrobond, Statistics Finland 26.4.2019 Teknologiateollisuus

Technology Industry Personnel in Finland and Abroad 26.4.2019 Teknologiateollisuus Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey

Value of New Orders in the Technology Industry* in Finland Million euros, at current prices 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Change: I,2018 / I,2017 I,2018 / IV,2017 Export: +6 % -28 % Domestic: +49 % +1 % Combined: +17 % -20 % *) Excl. metals industry, game industry and data center companies 26.4.2019 Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation January-March 2018.

Value of Order Books in the Technology Industry* in Finland Million euros, at current prices Combined 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Change: 31.3.2018 / 31.3.2017 31.3.2018 / 31.12.2017 Export: +27 % -1 % Domestic: +15 % +10 % Combined: +24 % +1 % *) Excl. metals industry, game industry and data center companies 26.4.2019 Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation 31.3.2018

Value of New Orders in the Electronics and Electrotechnical Industry in Finland Million euros, at current prices 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Change: I,2018 / I,2017 I,2018 / IV,2017 Export: +9 % +2 % Domestic: +35 % -19 % Combined: +13 % -3 % 26.4.2019 Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation January-March 2018.

Value of Order Books in the Electronics and Electrotechnical Industry in Finland Million euros, at current prices Combined 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Change: 31.3.2018 / 31.3.2017 31.3.2018 / 31.12.2017 Export: +2 % 0 % Domestic: +22 % -16 % Combined: +5 % -4 % 26.4.2019 Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation 31.3.2018

Value of New Orders in the Mechanical Engineering in Finland Million euros, at current prices 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Change: I,2018 / I,2017 I,2018 / IV,2017 Export: +4 % -42 % Domestic: +38 % -16 % Combined: +10 % -38 % 26.4.2019 Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation January-March 2018.

Value of Order Books in the Mechanical Engineering in Finland Million euros, at current prices Combined 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Change: 31.3.2018 / 31.3.2017 31.3.2018 / 31.12.2017 Export: +37 % -2 % Domestic: +18 % +17 % Combined: +33 % +1 % 26.4.2019 Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation 31.3.2018

Turnover of the Metals Industry in Finland 4/26/2019 Technology Industries of Finland Source: Seasonal adjusted turnover index, Statistics Finland, Macrobond

Production Volume of the Metals Industry in Finland 26.4.2019 Teknologiateollisuus Seasonal adjusted volume index Source: Statistics Finland, Macrobond

Value of New Orders in the Consulting Engineering in Finland Million euros, at current prices 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Change: I,2018 / I,2017 I,2018 / IV,2017 Export: +14 % +103 % Domestic: +43 % +21 % Combined: +38 % +28 % 26.4.2019 Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation January-March 2018.

Value of Order Books in the Consulting Engineering in Finland Million euros, at current prices Combined 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Change: 31.3.2018 / 31.3.2017 31.3.2018 / 31.12.2017 Export: -10 % +3 % Domestic: +31 % +13 % Combined: +19 % +11 % 26.4.2019 Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation 31.3.2018.

Value of New Orders in the Information Technology* in Finland Million euros, at current prices 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Change: I,2018 / I,2017 I,2018 / IV,2017 Combined: +75 % +60 % *) Excl. game industry and data center companies. 26.4.2019 Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation January-March 2018.

Value of Order Books in the Information Technology* in Finland Million euros, at current prices 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Change: 31.3.2018 / 31.3.2017 31.3.2018 / 31.12.2017 Combined: +4 % +17 % *) Excl. game industry and data center companies. 26.4.2019 Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation 31.3.2018. Teknologiateollisuus