Only about 22% of the annual potential economic benefits from the use of spatial data has been realised in Finland. The annual economic benefits are about EUR 13 billion but only about EUR 3 billion of the potential has so far been realised. The estimated value of the direct economic benefits of the Geospatial Platform is about EUR 150 million and indirect benefits about EUR 400 million, totally EUR 550 million per annum starting in 2025 when the services of the platform are operating in full extent.
Spatineo conducted a metastudy on the economic value of spatially enabled services in Finland, and we found out that some industries are way ahead of one another, and there is still so much value to realized. Finnish geospatial services are already widely used and have high availability, but still we’re reaching only 22% of out potential.
The study should be taken as a guidance on how to start improving each country’s geospatial impact. What kind of step have already been taken and what is currently lacking. Hopefully with with study all countries all over the world can see the value of geospatial services with more clarity.