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Facts and figures about Espoo

Espoo is the second largest city in Finland and is located next to the capital city of Helsinki. The transport connections from the airport and the centre of Helsinki to Espoo are excellent.

Logistics, geography and rails

  • The second-largest city in Finland
  • 528 km² in area, of which 
    • 312 km² of land
    • 216 km² of water
  • 95 lakes, 165 islands and 58 km of coastline
Espoo is a network city with five urban centres.

Espoo’s population in numbers

  • Over 314,000 people in 2023
  • Estimated population of 340,000 in 2030
  • The youngest population among major Finnish cities: 24% are under 20 yrs.
  • Over 60% are of working age (20–64 yrs.)
  • Over 30% have at least a bachelor’s degree
  • Over 50% have a tertiary education (>24 yrs.)

Construction in Espoo

  • A record number of homes completed in 2022: 5 625 in total
  • Over 700,000 m² of new office, administrative, industrial, storage, restaurant, shop and accommodation buildings completed between 2010 and 2021.
  • Approx. 47,000 residential units will be completed by 2031.
  • Approx. 350,000 m² of new residential floor space is approved annually.
  • The master planning process is underway. The plan will provide guidelines for land use, transport and growth until 2060.
  • Espoo aims to reach carbon neutrality by 2030. This is reflected in energy-efficient construction solutions, for example.

Innovative Espoo

Espoo made it to the top six in the European Commission’s iCapital competition (European Capital of Innovation Awards) in 2019 and 2020. In 2022, Espoo took second place.

Espoo produces the sixth-highest number of patent applications among European cities (over 1,200 in 2021).

Espoo is one of the hundred cities participating in the EU Mission for Climate-Neutral and Smart Cities by 2030.

Business in Espoo

In 2022, there were approx. 130,000 jobs, of which 113,000 were in the private sector. One third of them were knowledge-intensive jobs.

Espoo-based entrepreneurs are most satisfied with transport connections and the availability of facilities and subcontractors.

2019-2020 Aalto Startup Center was ranked as World Top 5 University Business Accelerator housing nearly 150 startups, accelerators and established partners.