Finland is proactive in promoting the economy of wellbeing

Determined efforts to promote the Economy of Wellbeing were started in 2019 as part of Finland's Presidency of the Council of the European Union. At that time, the Economy of Wellbeing was chosen as one of the main themes of the Ministry of Social Affairs and Health. The conclusions adopted by the Council of the European Union at the end of Finland’s Presidency stressed the importance of education, social security, gender equality, healthcare and safe and healthy working conditions.

Finland promotes the economy of wellbeing actively both nationally and internationally. In February 2021, the Ministry of Social Affairs and Health appointed a steering group on the economy of wellbeing. Its task is to prepare a national action plan to integrate the economy of wellbeing approach into knowledge-based decision-making. 

The steering group is responsible for drawing up an action plan suitable for Finnish conditions. The action plan will include measures to make the economy of wellbeing part of knowledge-based decision-making and processes in the Government. The chair of the steering group is Permanent Secretary Kirsi Varhila of the Ministry of Social Affairs and Health.

This close intersectoral collaboration seeks to ensure that central and local governments and civil society build an economy of wellbeing together. Finland participates in the activities of international organisations, such as the Organisation for Economic Co-operation and Development (OECD) and the World Health Organization (WHO), and in intergovernmental networks, such as the Wellbeing Economy Governments (WEGo). 

In the EU, the implementation of the Council conclusions on the Economy of Wellbeing is linked to the Commission’s strategy and work programme, which includes implementing the European Pillar of Social Rights and numerous other programmes. According to the EU Environment Action Programme to 2030, the EU should move towards a sustainable wellbeing economy, based on the Sustainable Development Goals. 

Read more: