Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.12 1.11 1.11 1.1 1.1 1.08
Stock Market (points) 3873.09 3750 3702 3655 3608 3517
Government Bond 10Y (%) 0.07 0.16 0.17 0.18 0.2 0.23
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.20 0.4 0.4 0.4 0.4 0.3
GDP Annual Growth Rate (%) 1.20 2.1 1.9 1.6 1.4 1.2
Unemployment Rate (%) 8.00 6.5 6.2 6 7.8 5.9
Inflation Rate (%) 1.20 1.4 1.4 1.5 1.6 1.7
Inflation Rate Mom (%) -0.20 0.1 0.2 0.1 0.3 -0.1
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Balance of Trade (EUR Million) -305.00 -200 -10 -320 -270 -330
Current Account (EUR Million) -4244.00 -150 50 120 120 450
Current Account to GDP (%) -1.90 0.3 0.3 0.3 0.6 0.6
Government Debt to GDP (%) 58.90 58 58 58 57.5 57.5
Government Budget (% of GDP) -0.70 -0.4 -0.4 -0.4 -0.1 -0.1
Business Confidence (Index Points) 0.30 -4 -4.3 -4 -4.7 -6
Consumer Confidence (Index Points) -1.80 -2.5 -3 -1.5 -2 -2
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 51.60 51.6 51.6 51.6 51.6 51.6
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.20 0.4 0.4 0.4 0.4 0.3
GDP Annual Growth Rate (%) 1.20 2.1 1.9 1.6 1.4 1.2
GDP (USD Billion) 251.88 262 262 262 270 270
GDP Constant Prices (EUR Million) 51041.00 50696 50760 51731 51629 52351
Gross National Product (EUR Million) 51075.00 51936 50647 52459 52356 53089
Gross Fixed Capital Formation (EUR Million) 11432.00 11472 11178 11690 11667 11830
GDP per capita (USD) 47057.62 51200 51200 51200 52500 52500
GDP per capita PPP (USD) 40585.72 39630 39630 39630 39630 39630
GDP From Agriculture (EUR Million) 1387.00 1377 1347 1433 1430 1450
GDP From Construction (EUR Million) 2902.00 2819 2795 2914 2908 2949
GDP From Manufacturing (EUR Million) 8150.00 7904 7987 8188 8172 8286
GDP From Public Administration (EUR Million) 8096.00 8190 8030 8067 8051 8164
GDP From Services (EUR Million) 29711.00 29759 29906 30108 30049 30469
GDP From Transport (EUR Million) 2147.00 2297 2301 2179 2175 2205
GDP From Utilities (EUR Million) 1522.00 1580 1559 1522 1519 1540
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 8.00 6.5 6.2 6 7.8 5.9
Wages (EUR/Month) 3512.00 3515 3526 3440 3440 3460
Wages in Manufacturing (Index Points) 103.50 104 104 104 104 106
Population (Million) 5.51 5.54 5.54 5.52 5.53 5.53
Retirement Age Women 63.00 63 63 63 63 63
Retirement Age Men 63.00 63 63 63 63 63
Wages Low Skilled (EUR/Month) 1980.00 1818 1821 1827 1827 1868
Wages High Skilled (EUR/Month) 4250.00 3964 3963 4000 4000 4074
Living Wage Family (EUR/Month) 1700.00 1714 1708 1740 1740 1740
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 1.20 1.4 1.4 1.5 1.6 1.7
Inflation Rate Mom (%) -0.20 0.1 0.2 0.1 0.3 -0.1
Consumer Price Index CPI (Index Points) 103.30 104 104 104 105 106
Core Consumer Prices (Index Points) 102.92 103 102 103 102 103
Producer Prices (Index Points) 2048.00 2096 2105 2095 2090 2145
Producer Prices Change (%) 2.00 2.5 2.3 2.6 2.2 2.4
CPI Housing Utilities (Index Points) 146.69 146 147 148 149 150
CPI Transportation (Index Points) 104.10 106 106 105 104 107
Food Inflation (%) 0.50 1.8 2.1 2.4 2.4 1.5
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Interbank Rate (%) -0.32 -0.31 -0.31 -0.31 -0.06 -0.06
Private Debt to GDP (%) 211.26 201 201 201 195 195
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Million) -305.00 -200 -10 -320 -270 -330
Current Account (EUR Million) -4244.00 -150 50 120 120 450
Current Account to GDP (%) -1.90 0.3 0.3 0.3 0.6 0.6
Imports (EUR Million) 5725.00 5790 5400 5420 5920 5610
Exports (EUR Million) 5420.00 5590 5320 5100 5650 5280
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 58.90 58 58 58 57.5 57.5
Government Budget (% of GDP) -0.70 -0.4 -0.4 -0.4 -0.1 -0.1
Government Spending (EUR Million) 11698.00 11990 11264 12453 12429 12603
Government Spending to GDP (%) 53.10 52.9 52.9 52.9 52.5 52.5
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 51.60 51.6 51.6 51.6 51.6 51.6
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 29.96 32.53 32.53 32.53 32.53 32.53
Social Security Rate For Companies (%) 20.17 20.17 20.17 20.17 20.17 20.17
Social Security Rate For Employees (%) 9.79 9.79 9.79 9.79 9.79 9.79
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 0.30 -4 -4.3 -4 -4.7 -6
Industrial Production (%) 6.50 3.3 3.6 3.4 3.4 1.8
Leading Economic Index (%) 2.83 3.14 2.3 2.3 2.3 2.1
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) -1.80 -2.5 -3 -1.5 -2 -2
Consumer Spending (EUR Million) 27232.00 27742 27474 28195 28140 28533
Bank Lending Rate (%) 0.25 0.25 0.25 0.25 0.5 0.5
Gasoline Prices (USD/Liter) 1.78 1.63 1.58 1.55 1.51 1.51


This page has economic forecasts for Finland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Finland economy.