Finland - Research and Innovation performance
The country profiles aim to provide an operational tool for stakeholders and policy-makers to support the framing of research and innovation (R&I) policies and to facilitate the monitoring of performance, on the basis of a holistic economic and indicator-based analysis.
Broadening the innovation base towards new growth areas
Finland has one of the world’s highest R&D intensities. However, this intensity has been decreasing since 2009 reaching 3.17% in 2014. While this remains the highest value in the EU, Finland is not on track to reach its national target of 4% by 2020.
The Finnish economy is knowledge-intensive and has achieved an impressive and continuous change towards a stronger high- and medium-high-tech specialization. Nevertheless, Finland’s competitive position has been facing important challenges in recent years. In particular, the major decline of the electronics sector has led to a large-scale structural change of manufacturing industries. Therefore, the country needs to boost its capacity to deliver innovative products, services and high-growth companies in this rapidly changing environment.