Economic Growth in Finland

A growth in the Finnish economy is a positive sign for international students as it will bring increased investment in education and research. Additionally, a growing economy can create more job openings, making it easier for international students to find work after graduation.

The Nordic countries are a perfect example of how much the world is changing. The Nordic countries have been leading the way in terms of sustainability and technology, and it is not just because they are small or cold. Finland is a Nordic country in Northern Europe. It borders Sweden to the east, Russia to the east, Norway to the north and Estonia to the south. Finland also shares a maritime border with Russia.

Finland has a cold but temperate climate that varies from cool in winter, to warm in summer. It has over 188,000 lakes and is known as the land of thousands of lakes. Finnish cuisine often features fish and seafood such as salmon and crab meat, while their pastries are well-known throughout Europe.

It is one of the most innovative countries in the world. It has a great education system with high-quality teachers, and it has one of the best healthcare systems in Europe. It also has the highest levels of equality in society.

Economy of Finland

Finland has been ranked as the best country in the world for quality of life by the UN’s World Happiness Report 2024, and it has also ranked as one of the world's most stable and prosperous countries. It is being predicted that Finland's economy will grow by the end of 2024. According to Statista, Finland's economic growth will be between 2.03% and 1.525% between 2025 and 2029. This is a sign that Finland is recovering from the recession that happened in 2023.

The Finnish economy is one of the most stable in the world. It has a high GDP per capita, low unemployment, and a good balance of trade. Finland has a highly industrialized mixed economy, with a per capita output equal to that of other Western economies such as France, Germany, Sweden or the United Kingdom. The largest sector of the economy services at 66%, followed by manufacturing and refining at 31.2%. Primary production represents 2.8% of GDP while agriculture represents 0.4%.

Finland's climate and soils make growing crops a particular challenge. However, Finland is one of the most important agricultural producers in Europe; it has nearly 16% of its land area under cultivation and ranks among the top countries in Europe both for arable land per inhabitant and agricultural output per capita. The main field crops are barley, wheat, potatoes and sugar beets; animal husbandry specializes in beef cattle, dairy cows, pigs and sheep. 

Benefits to International Students 

Finland has a long history of providing economic benefits to international students. The Finnish government provides a lot of financial support for international students in order to encourage them to study and work in Finland.

The number of international students in Finland has increased significantly in recent years. This is not only because of the lower tuition fees but also for other reasons like the high quality of education and safe environment. The Finnish government is aware of this trend and they are trying to find ways to attract more Finnish students to study abroad as well as attract foreign exchange students to study in Finland.

The Finnish government offers a variety of scholarships to study in Finland, grants, and other forms of financial support for international students. These benefits make the study in Finland affordable for international students. These include the International Student Financial Aid Scheme (ISFAS), the Finnish National Board of Education's scholarship programme, and the Scholarship Programme for Foreign Students at Universities in Finland. Other than these scholarships, there are also other economic benefits that Finland provides to international students: Cheap tuition fees, Free medical care and Cheap housing. 

For example, the Finnish government grants students a monthly living allowance of €380 (around $400) for each month of study. This allowance is paid to all full-time students who are not receiving any other form of state assistance. International students also have access to loans for studying in Finland and can apply for student jobs that offer a monthly salary of at least €500 (around $520). Furthermore, international students can get a tax deduction on their tuition fees up to €1200 (around $1260). In addition, international students can take advantage of free language courses and free university entrance exams.

International students are a valuable asset to any country. They bring new cultures, different perspectives, and knowledge. The Finnish government has been doing a great job of attracting international students to study in Finland. Many Finnish companies hire international students for their workforce. These companies provide internships, part time jobs, and post-graduate positions to international students as well.

They can find jobs in the following fields:

• IT and engineering
• education
• healthcare
• retail
• customer service 
• tourism

Students who have studied at a university or polytechnic school can apply for a job as an apprentice or trainee, while those who have studied at a vocational school need to get an entry-level qualification before they can apply for any positions. The country has a high demand for English-speaking professionals, and many companies are looking for people with an international background. So, if you wish to benefit from the opportunities that Finland provides, the time is now!

For help with university applications, students seeking to study abroad can contact our Shiksha Study Abroad Counsellors. The comments section below allows candidates to contact us as well.