In the past five years, the Finnish economy has grown at an average rate of 4.5% per year. In addition, inflation has remained low, and unemployment rates are decreasing. Finland enjoys one of the best-qualified workforces in the world with its youth and labour market benefitting from the country's policy to invest in education, training and research. Relying on its strong knowledge base, Finland is proactively focusing on developing start-ups and young innovative companies. Recognized for its innovation and design, sustained growth in the telecommunications and electronics sectors has taken Finland well beyond its reliance on traditional industries such as timber and metals.