Economic Value of Spatially Enabled Services in Finland

Spatial data HAS potential

Only about 22% of the annual potential economic benefits from the use of spatial data has been realized in Finland. The annual economic benefits are about EUR 13 billion but only about EUR 3 billion of the potential has so far been realized.

A little more than one fifth of all benefits enabled by spatial data has been realised so far. The built environment shows the highest potential. 

The report on spatial data policy and the Geospatial Platform Project, which are parts of the Government’s digital public services project, have made decision-makers at the highest level aware of spatial data and related benefits.  

The financial impact of using spatial data was analysed in Spatineo’s study conducted in summer 2018. The study is a meta-analysis of previous Finnish and international studies, the results of which were applied to Finnish conditions. The study mainly analysed the potential impact of using spatial data in the ecosystems of bioeconomy, the built environment, social services and healthcare, as well as transport. Spatial data needed to be an integral part of a product, application or service, the use of which provides financially productive activities for public organisations, companies or regular people. The study also analysed the percentage of the benefits enabled by the Geospatial Platform Project from the total value. 

According to the study, the annual potential benefits of using spatial data in Finland are up to EUR 13 billion, but only 22%, or EUR 3 billion, has been realised so far.  When these analysed benefits are compared with Finland’s GDP, which was EUR 223.5 billion in 2017, or with the percentage of public expenses from GDP, which was 55% in 2017, the potential benefits are notable particularly in improving the efficiency of operations, but also in the production of new products and services. The ecosystems analysed in the study play a significant part in Finland’s economic growth. Bioeconomy made up EUR 60 billion (27%) of GDP, the built environment comprised EUR 34 billion (15%), healthcare and wellness services accounted for EUR 21 billion (9.4%), and transport covered EUR 22 billion (10%).

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