The study assessed countries on how well they attract and retain people.A new study finds that Finland is falling behind other OECD countries in economic vitality. Image: Tommi Pylkkö / YleYle News12:04Finland's economic vitality has barely improved over the past 15 years. That's according to a new index developed by consultancy MDI. Since 2010, 15 OECD countries have overtaken Finland on the index's measure of vitality.MDI's study echoes concerns that Finland's economy has struggled with prolonged stagnation since the 2008 financial crisis.The so-called EVPY index assesses countries on their ability to attract and retain people, as well as social sustainability.Taken together, these measures put Finland sixth among 38 OECD countries. Iceland, Switzerland, Norway, Denmark and Ireland rank ahead of Finland in the index.But on vitality alone, Finland has fallen from ninth place in 2010 to 24th in 2024."Sixth place is a good result, but falling behind on vitality could eventually hurt Finland's stronger areas," Risto Heikkinen of MDI said in a press release.The index measures vitality using indicators including business sector spending on research and development, gross national income and the employment rate.According to MDI, Ireland, the Czech Republic, Estonia and Slovakia have climbed the rankings particularly rapidly since the early 2010s, building their success through sustained efforts from a lower starting point.Funded by Finnish think tank Sitra, the EVPY index assesses the attractiveness of OECD countries as places to live and work between 2010 and 2024. It is based on 22 indicators.
Finland is losing its vitality, consultancy study finds
The study assessed countries on how well they attract and retain people.








