Finland Business Environment

Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.

Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.

Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.

New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.

Average number of days to clear direct exports through customs.

Average wait, in days, experienced to obtain electrical connection from the day this establishment applied for it to the day it received the service.

Percentage of firms that experienced power outages over the last complete fiscal year.

Percentage of firms using bank loans to finance working capital.

Percentage of firms using banks to finance purchases of fixed assets.

The percent of firms experiencing at least one bribe payment request across 6 public transactions dealing with utilities access, permits, licenses, and taxes.

Percentage of firms competing against unregistered or informal firms.

Percentage of establishments that consider that firms with characteristics similar to theirs are making informal payments or giving gifts to public officials to "get things done” with regard to customs, taxes, licenses, regulations, services etc.

The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.

Percentage of firms with females as the top manager.

Percentage of firms with females among the owners.

Percentage of firms formally registered when they started operations in the country.

Percentage of firms that were visited or inspected by tax officials or were required to meet with them over the last year.