Finland's competitiveness and its measurement

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Title: Finland's competitiveness and its measurement
Author: Kajanoja, Lauri
Series: Bank of Finland bulletin. Economic outlook
Series number: 5
Year of publication: 2012
Pages: 87-97
Keywords: Suomi; kilpailukyky; ulkomaankauppa; vienti; vaihtotase; vaihtosuhde; kustannukset; mittarit; mittaus; kuluttajahinnat; hinnat; työvoimakustannukset;
Abstract: Finland s competitiveness has weakened during the period of Economic and Monetary Union, if competitiveness is understood to mean the presence of conditions ensuring the economy s external balance. The profitability of output in the open sector has declined. Unit labour costs in manufacturing point to a more favourable performance, but differences in price developments across sectors essentially reduce the usefulness of this indicator as a measure of competitiveness.

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