Skip to main content
SearchServices
Locate in Espoo

Facts and figures about Espoo

Espoo is the second-largest city in Finland and located next to the capital city of Helsinki. Transport connections from the airport and Helsinki city centre 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 325,000 residents in 2025
  • Estimated population of 380,000 in 2033
  • Share of young people in the city’s population: 24% are under 20 years old
  • Over 60% are of working age (20–64 years)
  • Espoo has the second-highest educational level in Finland.
  • More than 40% of over 20-year-olds have at least a bachelor’s degree.
  • More than 23% of over 20-year-olds have a master’s degree.

Construction in Espoo

  • More than 2,400 new homes were built in 2025.
  • Between 2010 and 2024, more than 900,000 square metres of new floor area was completed for office, administrative, industrial, warehouse, restaurant, retail and accommodation purposes.
  • Approximately 20,000 homes will be completed between 2026 and 2031.
  • 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, for example, in energy-efficient construction solutions.

Innovative Espoo

  • Espoo made it to the top six in the iCapital competition (European Capital of Innovation Awards) in 2019 and 2020. In 2022 and 2024, Espoo came in second.

  • Among all European cities, Espoo produces the fourth-highest number of patent applications (over 2,500 in 2025).

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

Business in Espoo

  • In 2023, there were about 138,000 jobs in Espoo. Between January and May 2024, there were approximately 116,000 jobs in companies in Espoo based on person-years.

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

  • In 2019 and 2020, Aalto Startup Center was ranked among the top five university-led business accelerators in the world. It is home to nearly 150 startups, accelerators and established partners.