Finland among the top knowledge-based economies in Europe

Researchers’ share of the labour force is high in Finland.

Researchers’ share of the labour force is high in Finland The European Commission published a report on the state of science, technology and innovation in Europe. The study reveals that Finland is one of the leading knowledge-based economies in Europe.

Only Sweden scored higher than Finland in the categories “investment in the knowledge-based economy” and “performance in the knowledge-based economy”.

The indicators in this evaluation included research and development (R&D) expenditure, number of scientific publications, education spending and new degrees awarded.

Finland stood out among the European countries in its share of researchers in the labour force. Finland has an internationally high per capita number of researchers.

The report also reveals that Finland has a high per capita number of scientific publications and patents.

The study aimed to find out how well Europe has achieved its objective of becoming the world’s leading knowledge-based economic area.

In recent years, the European Commission has become increasingly concerned about the clear decrease in the growth of R&D funding. This development threatens the achievement of the set objectives.

Text: Simo Salmela
Photo: Ida Pimenoff

Translation: Valtasana Oy

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