Australia Finland Business - Afitrans Pty Ltd
. . . . . . . .

Facts about Australia and Finland


Australia is a modern western democracy with a population of 22 million. It has had one of the most outstanding economies of the world having a high-growth, low-inflation, low interest rate economy. Australia was, in 2005, ranked the most resilient economy in the world for the fourth year in succession (IMD WCY 2005) after having 14 years of uninterrupted economic growth. As generation of GDP increases rapidly in Asia, Australia can serve as a springboard to Asia having strategic time zone advantage. Australia's top four trading partners are Japan, China, Korea and the United States.

The Australian Government is committed to fostering a world-class innovative culture and research and development infrastructure, and is implementing an A$8.3 billion innovation sydneystrategy (Federal Budget, May 2005). It has made and still makes large investment in social infrastructure, including education, training, health and transport. Australia has world class software development and is a test bed for many companies testing new products for global markets since it is characterised by early technology adoption rates and strong B2B growth.

It is good to start business with Australian companies since Australia is the fastest place in the world to start a new business with regulatory procedures taking just two days (World Bank 2005). As far as the skillfull workfoce is concerned, Australia is ranked first in the Asia-Pacific for overall productivity per person employed and second for the motivation of its workforce (WCY 2005).

More facts on Australia: (Australian Bureau of Statistics)


Finland is an advanced, well-balanced and dynamic industrial country with population of 5,2 million. It is one of the most competitive economies in the world according to WEF Global Competitiveness Report 2006-2007. It has been ranked best in knowledge transfer between universities and companies (IMD 2006) and number three globally in R&D spending per capita. With strong developer communities and a domestic market ready to trial new developments, Finland provides ideal conditions for the innovative development and deployment of ICT solutions and applications. Finnish ICT industry is characterised by expanding of focus and application areas beyond traditional ICT software market (convergence) and specialisation in niche markets.

Finland's public health care system has developed along the lines of population-based responsibility and is statutory. Primary health care and secondary care are networked into a comprehensive system that includes central hospitals (including university hospitals) and health care centres. This network constitutes the most comprehensive health care system in the world. The high quality of Finnish education and training in medicine, electronics and biotechnology has had particular benefits for companies in health care-related fields.The Finnish health care industry works in close co-operation with universities and research institutes as well as venture capitalists allowing rapid development paths from ideas into practical products. The key characteristics of Finnish health care solutions are innovation, cost-effectiveness and extensive use of IT and communications technology.

Slightly more than one million of the Finnish population are aged over 60, and of them around 380 000 are over 75 years old. Finland is facing same ageing phenomena as Australia and is rapidly developing advanced solutions for the aged care.

More facts on Finland:

© Afitrans Pty Ltd 2006-2009
SiteDesign & SEO -