Economic Value of Spatially Enabled Services

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.

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.