According to Statistics Finland, while the net wealth of a quarter of households was 9,400 euros, that of a quarter was over 257,900 euros in 2019. The average net wealth for households in 2019 was 214,800 euros, with more than half of Finnish households owning net assets of over 104,000 euros.
Is Finland a wealthy country?
Finland is the third most prosperous country in the world. … Finnish banks are the soundest in the world. World Economic Forum, The Global Competitiveness Report 2018: Soundness of banks. Finland’s pension system is the third best in the world.
What is Finland’s economy based on?
Finland’s economy is based primarily on private ownership and free enterprise; in some sectors, however, the government exercises a monopoly or a leading role. After World War II, Finland was not fully industrialized, and a large portion of the population was still engaged in agriculture, mining, and forestry.
What is Finland’s main export?
Finland’s key export sectors are transportation, electronics, forestry, machinery, and chemicals.
Is Finland expensive to live in?
In Finland, you will need between 700 – 900 EUR/month, depending on the area in which you will live. Helsinki is the most expensive city, while Laaperanta, Pori and Tampere are known as the most affordable student cities. Check the average budget you need for the large cities in Finland (including accommodation costs):
Why is Finland so happy?
Finland came out very well here due to its low crime levels. … Finland also has a universal health care system which a significant factor in how happy its citizens feel. When all these factors are combined, it allows most Fins to have a high standard of living and to feel content in their daily lives.
Is Finland good place to live?
Finland is regarded as one of the safest countries in the world. In 2017 the World Economic Forum report rated living in Finland as the number one safest place to be globally.
Does Finland have free healthcare?
Finland offers its residents universal healthcare. … The prevention of diseases and other types of health promotion have been the main focus of Finnish healthcare policies for decades.
Why is Finland’s unemployment so high?
The high unemployment rate is not only the result of the economic recession; the large number of students searching for part-time employment in Finland contributes to this relatively high youth unemployment rate, as in other Nordic countries.
Do they speak English in Finland?
English. The English language is spoken by most Finns. Official statistics in 2012 show that at least 70% of Finnish people can speak English.