Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Transparency in public procurement
Finland's public procurement notices are made available online and tender documents detail both procurement procedures and shortlisting criteria. This transparency encourages more participation and competition, which drives value for money and improves outcomes.
Cost to start a business
According to the World Bank, it costs 0.7% of income per capita to start a business in Finland, well below the 4.7% average for High Income Countries, easing the entry of new firms.
Financial stability
According to the World Bank, the quality of Finland's financial sector ranks third globally, with Finnish banks rated as the most sound. Finland's stable financial system facilitates the smooth flow of funds between investors and projects, improving capital supply for projects. The long-term impact of the COVID-19 pandemic is a concern.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Procurement:
Transparency in public procurement
Permits:
Cost to start a business
Financial markets:
Financial stability
Opportunities to Grow
Published infrastructure procurement guidelines
Finland does not publish guidelines for the procurement of infrastructure projects. Publishing guidelines makes contractors aware of the government’s processes, expectations and requirements, improves transparency and helps the government achieve better value for money.
Published infrastructure plan
Finland does not have a national or sub-national infrastructure plan. The addition of an infrastructure plan could highlight infrastructure challenges and opportunities for investment, as well as detail the government's planned responses.
Infrastructure or PPP agency
Finland does not have a national agency dedicated to Infrastructure or PPP. The addition of a national agency or PPP unit could help with the development of infrastructure frameworks to aid consistent design and implementation of infrastructure projects.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Procurement:
Published infrastructure procurement guidelines
Planning:
Published infrastructure plan
Governance:
Infrastructure or PPP agency
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Finland
High Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
53,774 USD
5.5 million persons
Infrastructure quality83.4 (0-100 best)
269.7 USD billion
GDP growth rate1.2%
GDP per capita growth rate-1.7%
Gini coefficient27.1 (0-100 worst)
Gross Government Debt59.0% of GDP
Inflation rate1.2%
Summary credit rating96.0 (0-100 best)
Unemployment rate7.3%
Urbanisation ratio85.0% of total population
Road connectivity91.6 (0-100 best)
5.3 (1-7 best)
Efficiency of train services5.5 (1-7 best)
Efficiency of air transport services6.3 (1-7 best)
Efficiency of seaport services6.4 (1-7 best)
Electricity access100.0% of population
Electricity supply quality3.1% of output lost
Exposure to unsafe drinking water0.2% of population
Reliability of water supply6.9 (1-7 best)
Digital Adoption Index0.8 (0-1 best)
Mobile-broadband subscriptions156.4 per 100 population
Fixed-broadband Internet subscriptions31.5 per 100 population