The economic contribution of universities in Finland is 14,2 billion euros

The impact of Finnish universities on the Finnish economy has been evaluated. According to BiGGAR Economics, Finnish universities produce 14,2 billion gross added value for the Finnish economy, and their activities support around 136 000 jobs. This corresponds to 6,6 % of Finnish economic output, and 5,5 % of total employment in Finland.

A euro invested in the Finnish universities produces, on average, 5,26 euros in return for the Finnish economy. Figures here include both the direct and the indirect effects. These are lower-bound estimates, thus the real impact is likely larger.


The main sources of impact are the core activities of the universities, the students’ activities, the business and innovation support that the universities provide, and the graduate premium. Other sources include the health benefits and tourism. In addition, through their staff and students, universities have many other impacts on society, such as renewing the Finnish cultural heritage, which are not measurable in euros.

Part of the study considered how the economic contribution might be affected if the public funding of universities was altered. According to the evaluation, funding cuts might produce a disproportional influence on the economic impact, and short-term funding cuts could diminish the economic impact to the extent that it nullifies the original savings.

The study was conducted by Scottish BiGGAR Economics Ltd, a company that has done similar evaluations previously in United Kingdom and other parts of Europe. The project was a joint project between The Confederation of Unions for Professional and Managerial Staff in Finland (Akava), Confederation of Finnish Industries (EK), The Association of Finnish Independent Education Employers (AFIEE), National Union of University Students in Finland (SYL), and Universities Finland UNIFI. All universities mentioned in the Universities Act participated in the evaluation which took place during Spring 2017.

The report along with its summary is available below:

Economic Contribution of the Finnish Universities

UNIFI Final Executive Summary Report

For further information:

Leena Wahlfors, UNIFI: +358 50 522 9421, firstname.lastname@unifi.fi

Heikki Taulu, Akava: +358 50 361 2869, firstname.lastname@akava.fi

Riikka Heikinheimo, EK: +358 46 922 9692, firstname.lastname@ek.fi

Heikki Holopainen, AFIEE: +358 400 639 331, firstname.lastname@sivistystyonantajat.fi

Niina Jurva, SYL: +358 41 515 2230, firstname.lastname@syl.fi

This website stores cookies on your computer. These cookies are used to improve our website and provide more personalised services to you.


To make this site work properly, we sometimes place small data files called cookies on your device. Most big websites do this too.

1. What are cookies?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. It enables the website to remember your actions and preferences (such as login, language, font size and other display preferences) over a period of time, so you don’t have to keep re-entering them whenever you come back to the site or browse from one page to another.

2. How do we use cookies?

A number of our pages use cookies to remember your actions and preferences (such as login, language, font size and other display preferences.)

Also, some videos embedded in our pages use a cookie to anonymously gather statistics on how you got there and what videos you visited.

Enabling these cookies is not strictly necessary for the website to work but it will provide you with a better browsing experience. You can delete or block these cookies, but if you do that some features of this site may not work as intended.

The cookie-related information is not used to identify you personally and the pattern data is fully under our control. These cookies are not used for any purpose other than those described here.

3. How to control cookies

You can control and/or delete cookies as you wish – for details, see aboutcookies.org. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed. If you do this, however, you may have to manually adjust some preferences every time you visit a site and some services and functionalities may not work.