Nokia's success has made Finland one of the fastest-growing and most prosperous economies in Europe. Nokia also has a dominant market position on its home market *. That is why some now
call Finland for NokiaLand.

Some 20 years ago Finland was best known for its paper and pulp industries and long dark winters. AT the same time Nokia also made the strategic decision TO shift its company focus from timber, tires, and rubber boots to cell
phones. Today Nokia sells more cell phones than any other company IN the world.

Nokia increased GDP by moree than 1.5% in 1999 alone. In 2004 Nokia's share of the Finnish GDP was 3.5% and accounted for almost a quarter of Finnish exports in 2003. About 23,700 people are employed by Nokia in Finland which is roughly 2 % of the people in the Finnish business sector. Also several tiny companies have grown into large ones as Nokia subcontractors.

As Nokiaīs profits grew, the Nokia share price increased a hundred-fold. This has also created a large number of new very rich households here in NokiaLand.

* The Nokiaīs market share in Finland is a secret, but I think it has dropped below 80 %. If you live in Finland you do not use a Sony Ericsson unless you work for the company and then again you propably have Nokia too.

Sony Ericsson is made in Sweden, our neighbouring country. We are good friends, but like to compete in everything. Ishockey is another thing...

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