Markets Actual Q4 Q1 Q2 Q3 2021
Currency 1.19 1.18 1.18 1.17 1.17 1.16
Stock Market (points) 4560.37 4400 4296 4194 4094 3895
Government Bond 10Y (%) -0.39 0.04 0.08 0.13 0.18 0.29

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 2.60 -1.3 1.2 1.2 1.2 1.2
GDP Annual Growth Rate (%) -4.00 -4.5 -4.2 9.2 5.9 4.2
Unemployment Rate (%) 7.40 12 10.3 9.6 9.3 9
Inflation Rate (%) 0.20 0.6 1 1.3 1.5 1.4
Inflation Rate Mom (%) 0.10 -0.1 -0.1 -0.1 -0.1 0.2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -380.00 -330 -330 -330 -330 -330
Current Account (EUR Million) 105.00 100 -450 -1000 -200 80
Current Account to GDP (%) -0.80 -1.6 -1.2 -1.2 -1.2 -1.2
Government Debt to GDP (%) 59.40 61 62.8 62.8 62.8 62.8
Government Budget (% of GDP) -1.10 -6.2 -3.8 -3.8 -3.8 -3.8
Business Confidence (points) -16.70 -15 -13 -12.5 -11 -10
Consumer Confidence (points) -6.90 -7 -5 -4.5 -5 -3
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 56.95 51.6 56.95 56.95 56.95 51.6

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 2.60 -1.3 1.2 1.2 1.2 1.2
GDP Annual Growth Rate (%) -4.00 -4.5 -4.2 9.2 5.9 4.2
GDP (USD Billion) 268.76 242 255 255 255 255
GDP Constant Prices (EUR Million) 48252.00 48903 48635 52691 51099 50957
Gross National Product (EUR Million) 49578.00 49521 48931 54139 52503 51600
Gross Fixed Capital Formation (EUR Million) 11878.00 11287 11268 12971 12579 11761
GDP per capita (USD) 49241.10 45100 47500 47500 47500 47500
GDP per capita PPP (USD) 48621.10 44300 47800 47800 47800 47800
GDP From Agriculture (EUR Million) 1281.00 1170 1117 1399 1357 1219
GDP From Construction (EUR Million) 2669.00 2570 2575 2915 2826 2678
GDP From Manufacturing (EUR Million) 7816.00 7609 7607 8535 8277 7929
GDP From Public Administration (EUR Million) 7886.00 7768 7675 8612 8351 8094
GDP From Services (EUR Million) 28887.00 29312 29123 31545 30591 30543
GDP From Transport (EUR Million) 1731.00 2104 2042 1890 1833 2192
GDP From Utilities (EUR Million) 1422.00 1385 1378 1553 1506 1443

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 7.40 12 10.3 9.6 9.3 9
Youth Unemployment Rate (%) 14.30 18.7 17 16.3 16 15.7
Wages (EUR/Month) 3605.00 3460 3605 3626 3630 3695
Wages in Manufacturing (points) 105.10 106 106 106 106 109
Population (Million) 5.53 5.53 5.54 5.54 5.54 5.54
Retirement Age Women 63.75 63.75 64 64 64 64
Retirement Age Men 63.75 63.75 64 64 64 64
Wage Growth (%) -4.40 1.6 2.2 2.3 2.3 2.5

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 0.20 0.6 1 1.3 1.5 1.4
Inflation Rate Mom (%) 0.10 -0.1 -0.1 -0.1 -0.1 0.2
Consumer Price Index CPI (points) 103.80 106 104 105 105 108
Harmonised Consumer Prices (points) 104.20 106 106 106 106 108
Core Consumer Prices (points) 103.44 103 103 104 103 104
Producer Prices (points) 1937.00 1941 1849 1978 1978 1989
Producer Prices Change (%) -5.40 -4.2 -4.2 2.1 2.1 2.5
CPI Housing Utilities (points) 147.55 150 149 148 149 153
CPI Transportation (points) 102.40 107 105 102 103 109
Food Inflation (%) 1.70 1.3 1.2 1 1.1 1.6

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.53 -0.06 -0.44 -0.44 -0.44 0.44
Private Debt to GDP (%) 222.10 232 230 230 230 230

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (EUR Million) -380.00 -330 -330 -330 -330 -330
Current Account (EUR Million) 105.00 100 -450 -1000 -200 80
Current Account to GDP (%) -0.80 -1.6 -1.2 -1.2 -1.2 -1.2
Imports (EUR Million) 5265.00 5610 5610 5610 5610 5610
Exports (EUR Million) 4885.00 5280 5280 5280 5280 5280
Tourist Arrivals (Persons) 65969.00 160000 75000 220000 240000 260000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 59.40 61 62.8 62.8 62.8 62.8
Government Budget (% of GDP) -1.10 -6.2 -3.8 -3.8 -3.8 -3.8
Government Budget Value (EUR Million) -1350.30 -235 -235 -235 -235 -235
Government Spending (EUR Million) 11934.00 11781 11088 13032 12638 12276
Government Spending to GDP (%) 53.30 58 55 55 55 55

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 56.95 51.6 56.95 56.95 56.95 51.6
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 32.52 32.53 32.52 32.52 32.52 32.53
Social Security Rate For Companies (%) 20.76 23.2 20.17 20.17 20.17 23.2
Social Security Rate For Employees (%) 11.76 9.33 11.76 11.76 11.76 9.33

Business Actual Q4 Q1 Q2 Q3 2021
Business Confidence (points) -16.70 -15 -13 -12.5 -11 -10
Industrial Production (%) -6.00 1.8 2.5 6.5 6.5 8
Leading Economic Index (%) -3.20 -2 -1 3 2 0.9

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) -6.90 -7 -5 -4.5 -5 -3
Consumer Spending (EUR Million) 25193.00 26387 26309 27511 26679 27495
Bank Lending Rate (%) 4.18 0.5 4.23 4.23 4.23 1
Consumer Credit (EUR Million) 16686.00 15711 15907 18088 17670 16371
Gasoline Prices (USD/Liter) 1.68 1.51 1.35 1.29 1.22 1.43


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.