Industrial and Industrial Services Labor Market
Finland has traditionally been an industrial-driven economy, but over the decades, the share of the industrial sector in the country's GDP has steadily declined. Currently, the industrial sector directly accounts for approximately 15 percent of Finland's GDP, with a larger indirect impact.
However, it's worth noting the growing role of industrial services, such as information technology, development, maintenance, and installation activities. Additionally, a significant portion of Finland's exports consists of industrial products. Since Finland is a so-called cyclical economy, labor markets in the industrial and industrial services sectors also respond with a delay to shifts in the global economy.