Based on the data, the national passenger road transport by motor vehicles in Finland showed several substantial fluctuations over the last decade. Notably, 2016 and 2020 experienced significant declines of -11.43% and -16.75% respectively. However, recovery followed suit with notable increases in 2017 and 2021 by 14.42% and 14.79%. In 2023, the volume stood at 76.41 billion passenger kilometers, close to its historical high, indicating some stability.
In recent years, the trend is stabilizing, reflected by moderate year-on-year changes in 2022 and 2023, showing increases of 5.56% and 0.28% respectively. The Compound Annual Growth Rate (CAGR) over the last five years averaged 0.12%, signifying steady but slow growth.
Looking ahead, the forecast indicates a consistent yet modest growth with a projected 5-year CAGR of 0.24% up to 2028. Key trends to watch include advancements in electric vehicles, policy shifts towards sustainable transport, and evolving consumer preferences which could influence future passenger road transport dynamics in Finland.
