Grant Thornton, a leading network of accounting and consulting member firms, has ranked Finland the world's third most dynamic economy. Finland shares the third place with Australia.
According to the 2015 Global Dynamism Index (GDI) report titled "Going beyond borders: Where to grow your business", Finland is only surpassed by Singapore and Israel. Finland's neighbour Sweden rounds up the top five.
The report looks at different criteria such as business operating environment, financing environment, labour market, technology and market growth.
The report states that Finland is the world's fifth best business operating environment while the digital and technological capacity of the local economy, including broadband penetration, IT and R&D spending, are the world's third best. Finland's financing environment, defined as the ability of firms to fund the growth of their operations, came in third, trailing only Singapore and Slovenia.