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Overcoming the Gap in GDP Will Require 3

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Presentation on theme: "Overcoming the Gap in GDP Will Require 3"— Presentation transcript:

1 Overcoming the Gap in GDP Will Require 3
Overcoming the Gap in GDP Will Require 3.0% Growth in Finland Annually in 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

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

3 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 Teknologiateollisuus

4 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 Teknologiateollisuus Latest information October-December 2017. Source: Eurostat: Quarterly National Accounts

5 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 Teknologiateollisuus Latest information October-December 2017. Source: Eurostat: Quarterly National Accounts

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

7 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 Teknologiateollisuus

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

9 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 Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation January-March 2018.

10 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: / / Export: +27 % -1 % Domestic: +15 % +10 % Combined: +24 % +1 % *) Excl. metals industry, game industry and data center companies Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation

11 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 % Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation January-March 2018.

12 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: / / Export: +2 % 0 % Domestic: +22 % -16 % Combined: +5 % -4 % Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation

13 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 % Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation January-March 2018.

14 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: / / Export: +37 % -2 % Domestic: +18 % +17 % Combined: +33 % +1 % Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation

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

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

17 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 % Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation January-March 2018.

18 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: / / Export: -10 % +3 % Domestic: +31 % +13 % Combined: +19 % +11 % Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation

19 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. Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation January-March 2018.

20 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: / / Combined: +4 % +17 % *) Excl. game industry and data center companies. Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest observation Teknologiateollisuus

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