One of the strengths of the Finnish economy is the skills of its workforce; the workforce is amongst the most highly educated in the EU. Finns traditionally rank high on international benchmarks for learning and skills, and the percentage of people aged 20 to 29 years participating in education is the second highest amongst OECD countries.
Looking to the future, employment in Finland is projected to pass its pre-2008 financial crisis levels in 2016/17 and to continue to increase thereafter. Over the period to 2025, most employment growth will be in business and other services, with most job opportunities for professionals.
During this period Finland is set to experience an increase in demand for high- and low-skilled workers, whilst demand for medium-skilled workers will decrease. Meanwhile, the share of Finland’s labour force with high- and low level qualifications is projected to fall, whilst the share of workers with medium level qualifications will increase in the same period.
Finland’s working-age population (15-64) is projected to increase in the period to 2025, with labour market participation remaining around the same level, above the projected EU average. Looking to the longer-term future, Finland is expected to have a lower old-age dependency ratio than the EU28 average.