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    Finland

    Benchmark
    Europe · #16 of 117 markets · IEPA 2024 (final) · 2026 current estimate available
    71.7▲ +2.8 YoY
    ●●●0.85IEPA COMPOSITE

    Finland scores 71.7 out of 100 on the IEPA (2024 edition), ranking #16 of 117 economies. That is up 2.8 points on the year before. Its strongest zone is Resilience at 85.1. Its binding constraint, the lowest-scoring of its six zones, is Prosperity Outcomes at 61.2. How the IEPA works →

    SIX FACTORS · CLICK ANY SCORE FOR ITS EVIDENCE
    IEPA TRAJECTORY · 2010–2026
    2010201220142016201820202022202420266669727578
    CAPITAL FLOWS · FDI NET INFLOWS % OF GDP
    2010201120122013201420152016201720182019202120232025-404812
    IE FDI intelligence · synced weekly
    PRODUCTIVE CAPABILITY
    IE COMPLEXITY LAYER · VINTAGE 2024
    #17of 145 ranked economies▼ 9 places since 2010
    How much productive know-how this market has demonstrated, read from the range and rarity of what it makes competitively.
    20102011201220132014201520162017201820192020202120222023202469121518
    CAPABILITY RANK · HIGHER IS BETTER
    1.60% / yr
    Implied growth
    Annual growth the current capability base points to.
    245
    Diversity
    Distinct products made at competitive scale.
    +1.15
    Capability score
    Standardized: 0 is the world average.
    +1.36
    Outlook
    Value of the new products within reach of what it already does.
    INDUSTRY STRENGTHS · REVEALED FROM TRADE EVIDENCE
    VINTAGE 2022-2024
    POSITION IN THE PRODUCT SPACE
    IE COMPLEXITY LAYER · VINTAGE 2024
    Construction, Building, and Home Supplies34 of 104 made · 69% of the rest within reach
    Metalworking and Electrical Machinery and Parts48 of 155 made · 68% of the rest within reach
    Minerals13 of 48 made · 66% of the rest within reach
    Industrial Chemicals and Metals39 of 157 made · 60% of the rest within reach
    Electronic and Electrical Goods13 of 73 made · 35% of the rest within reach
    Agriculture32 of 200 made · 32% of the rest within reach
    Textile and Home Goods3 of 78 made · 27% of the rest within reach
    Textile Apparel and Accessories2 of 50 made · 17% of the rest within reach
    MADE COMPETITIVELYONE STEP AWAY
    Widest opening is Minerals. This market makes 27% of that cluster today, and 66% of what it does not make sits one step from something it already does.
    Textile Apparel and Accessories is the furthest: 4% made, and only 17% of the rest is within one step. A move there means building capability rather than extending it.
    READ ON THE 184 OF 245 COMPETITIVE PRODUCTS THAT CARRY A POSITION IN THE CAPABILITY MAP
    POSITIONED TO BUILD NEXT
    IE COMPLEXITY LAYER · VINTAGE 2024
    Articles for utensils, of cermet$6B world market
    Mining, Metals & MaterialsOPENS 0.41 · COMPLEXITY +1.64
    Parts and accessories for metal working machines$24B world market
    Machinery & Industrial EquipmentOPENS 0.38 · COMPLEXITY +1.31
    Other bars and rods of stainless steel$6B world market
    Mining, Metals & MaterialsOPENS 0.36 · COMPLEXITY +0.97
    Serums and vaccines$325B world market
    Healthcare & Life SciencesOPENS 0.36 · COMPLEXITY +1.21
    Printers and copiers$11B world market
    Machinery & Industrial EquipmentOPENS 0.35 · COMPLEXITY +0.86
    Springs of iron or steel$7B world market
    Mining, Metals & MaterialsOPENS 0.32 · COMPLEXITY +0.87
    THE NEAREST OPTIONS AMONG 373 PRODUCTS ASSESSED · RANKED BY HOW MUCH EACH OPENS UP NEXT
    LIVE SIGNALS
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    PEERS · BENCHMARK
    🇮🇱Israel68.2→🇩🇪Germany67.2→🇺🇸United States67.2→🇸🇬Singapore82.1→
    ECOSYSTEM DENSITY
    IE Ecosystem Registry · 2026-10-10
    937organizations indexed across 11 types · 897 mapped
    Research organizations
    484
    Corporate R&D
    201
    Universities & research bodies
    91
    Health research
    54
    Government bodies
    51
    Science & tech parks
    21
    Innovation hubs
    15
    Fab labs & makerspaces
    10
    Accelerators
    5
    Incubators
    4
    education
    1
    Universities, corporate R&D, government bodies, incubators, accelerators, science parks, and special economic zones, indexed today.Explore the directory →
    ORGANIZATIONS
    a sample of 937 indexed
    Kiuas
    Accelerators · 2017
    Arvo Group Yrityskiihdyttämö Oy
    Accelerators · Kaarina · 2010
    City of Lappeenranta
    Incubators · Lappeenranta
    Helsingin Tiedepuiston Yrityshautomot Oy
    Incubators · Helsinki · 1998
    Båtbranschens Teknologicentrum BTC Ab
    Science & tech parks · Pietarsaari · 1988
    Oy Merinova Ab
    Science & tech parks · Vaasa · 1990
    University of Vaasa
    Universities & research bodies · Vaasa · 1968
    Research Institute for Olympic Sports
    Universities & research bodies · Jyväskylä · 1990
    Lonix (Finland)
    Corporate R&D · Helsinki · 1996
    Raisio (Finland)
    Corporate R&D · Raisio · 1939
    Foundation for Municipal Development
    Research organizations · Helsinki · 1990
    Finnish Peace Research Association
    Research organizations · Helsinki · 1971
    Members get the full directory, filters, and exports.See all 937 organizations →

    Finland: common questions

    What is Finland's IEPA score?
    Finland scores 71.7 out of 100 on the IEPA, 2024 edition, which ranks it #16 of 117 economies.
    What is Finland's strongest zone?
    Resilience, at 85.1. The six zones are scored separately, so a market's strengths stay visible instead of being averaged away.
    What is holding Finland back?
    Its binding constraint is Prosperity Outcomes, at 61.2, the lowest of its six zones. The IEPA reports every zone separately so the constraint stays visible instead of being averaged into the composite.
    How does Finland compare with its peers?
    The closest scored peers are Israel (68.2), Germany (67.2), United States (67.2), Singapore (82.1).
    What is the IEPA?
    The Innovation Ecosystem Prosperity Assessment (IEPA) scores economies across six zones: innovation capacity, entrepreneurship capacity, resilience, alignment, the FDI accelerator, and prosperity outcomes. Every score carries a confidence band and traces to the evidence behind it.
    Run the full diagnostic →Talk to IE about Finland →