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Because means of production are not state owned, Finland cannot be considered to be a socialist country. However, being a Nordic welfare country, Finland has socialist characters in the form a large public sector.

Finland has a thriving private sector, including e.g. worlds biggest mobile phone manufacturer Nokia. This has made Finland into a very prosperous country; according to World Bank (2008) Finland is the 10th richest country in the world, measured by nominal GDP per capita.

Finland's public sector is large, comprising about half of the GDP. Practically all health and education services are provided by the public sector. Even though this model could be called socialistic, it is very effective. High quality health care is available for all, and this costs only 7,5% of GPD (e.g. in USA the costs is 16%). Also education is free, and the quality of education especially in primary and secondary schools is among the best in the world.

Because of the large public sector, tax rates in Finland are high. Typically employees pay approximately 30% income tax, but the rate is heavily progressive, and can be much less with low salaries. Also the mandatory payments to various pension and other funds by both employer and employee account for about one fifth of actual salary. Additionally general VAT is 23% and there are also corporate taxes.

To summarize, the Finnish economical model is Nordic welfare country.

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13y ago
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12y ago

Yes it is.

No, it is not. Scandinavia consists of Norway, Sweden and Denmark. However, the Nordic countries consists of Norway, Sweden, Denmark, Finland, Iceland, Greenland, Åland and the Faroe Islands. There is also a term called Fenno-Scandinavia, which consist of Norway, Sweden and Finland.

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13y ago

Geographically the Northern part of Finland belongs to Scandinavia

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13y ago

Geographically the Northern part of Finland belongs to Scandinavia, but what? Czechoslovakia does absolutely not belong to Scandinavia.

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13y ago

It is sometimes included along with Iceland

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14y ago

Yes, Finland is Scandinavian.

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12y ago

No. It is considered a Nordic country.

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Q: Is Finland Scandinavia
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What is the formal region of Finland?

Finland's region is debatable but is either part of Scandinavia or northern Europe.


Is Finland part of Scandinavia-?

No. I'd say Finland isn't, but some people happily extend the term "Scandinavia" to Finland, along with Iceland and some even to Svalbard and Greenland.Geographically, Finland isn't really, Iceland most certainly isn't, and neither is Greenland or Svalbard.If you think about it: "Is Finland a Scandinavian country?" No, not really... But I'd happily group Finland with Scandinavia long before I'd group Scandinavia with Germany or Holland.If you get what I mean...Either way it goes, Finland is most certainly a Nordic country, and is part of the Nordic Council. Finland is a native of Norden!Uhm..See related link below!


What do the countries Sweden Norway Denmark Finland and Iceland make?

Scandinavia


What area is Nowray Sweden Demark and Finland?

That area is called Scandinavia.


Which country is not a part of Scandinavia - Finland or Iceland?

Strictly speaking, Scandinavia only refers to Norway and Sweden because Denmark, Finland and Iceland are not on the Peninsula. However, Iceland and Denmark are considered Scandinavian because they are culturally, linguistically and ethnically Scandinavian. Finland has more Russian history than Scandinavian, but is also considered Scandinavian due to the fact that they are in a region called Fennoscandia (Fenno-Scandinavia), which is Norway, Sweden and Finland. As a result, Norway, Sweden, Denmark, Iceland and Finland (Faroe Islands too, since Denmark governs them) are all a part of Scandinavia.

Related questions

What is the country between Scandinavia and russia?

Finland.


What country is close to Scandinavia?

Scandinavia borders Germany, Finland and Russia.


Where is Scandinavia situated?

Scandinavia is north of Germany and west of Finland and Russia.


Is Croatia part of Scandinavia?

No. Scandinavia comprises Finland, Norway, Sweden and Denmark.


What are the 5 reigons of Scandinavia?

The 5 regions of Scandinavia are Sweden, Denmark, Finland, Iceland, and Norway.


What other countries are sometimes linked with Scandinavia?

Finland


What country is close Scandinavia?

Germany, Finland, Russia.


What countries touch Scandinavia?

Finland, Russia, Germany.


Is Denmark in Asia?

No, it is in Scandinavia by Norway, Finland, Sweden


What are the countries next to Scandinavia?

Germany, Finland, Russia.


Is Scandinavia in Antarctica?

No, Scandinavia is a part of Europe. It consists of the contries Denmark, Norway, Sweden, Finland and Iceland.


What is the formal region of Finland?

Finland's region is debatable but is either part of Scandinavia or northern Europe.