Wages in Finland decreased 4.4 percent on year in the second quarter of 2020. source: Statistics Finland

Wage Growth in Finland averaged 3.87 percent from 1996 until 2020, reaching an all time high of 8.50 percent in the first quarter of 2001 and a record low of -4.40 percent in the second quarter of 2020. This page provides - Finland Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Wage Growth - values, historical data and charts - was last updated on October of 2020.

Wage Growth in Finland is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Finland to stand at 2.30 in 12 months time. In the long-term, the Finland Wage Growth is projected to trend around 2.50 percent in 2021 and 3.00 percent in 2022, according to our econometric models.

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Finland Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
-4.40 2.60 8.50 -4.40 1996 - 2020 percent Quarterly
NSA

Finland Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.60 7.70 19.90 0.70 percent [+]
Employed Persons 2539.00 2533.00 2688.00 1942.00 Thousand [+]
Unemployed Persons 208.00 211.00 512.00 15.00 Thousand [+]
Labor Force Participation Rate 66.40 66.30 73.80 62.00 percent [+]
Long Term Unemployment Rate 1.10 1.00 5.50 1.00 percent [+]
Youth Unemployment Rate 14.30 18.00 51.90 3.20 percent [+]
Labour Costs 102.28 102.12 102.28 28.40 points [+]
Job Vacancies 47930.00 47073.00 96096.00 2624.00 [+]
Wages 3605.00 3587.00 3605.00 2009.00 EUR/Month [+]
Wages in Manufacturing 105.10 104.90 105.10 40.60 points [+]
Population 5.53 5.52 5.53 4.41 Million [+]
Retirement Age Women 63.75 63.50 63.75 63.00 [+]
Retirement Age Men 63.75 63.50 63.75 63.00 [+]
Wage Growth -4.40 2.60 8.50 -4.40 percent [+]
Part Time Employment 336.50 389.20 402.40 225.90 Thousand [+]
Productivity 102.10 103.00 105.10 62.10 points [+]
Full Time Employment 2104.10 2060.80 2243.80 1868.00 Thousand [+]
Employment Change -2.10 -0.20 1.80 -2.60 percent [+]
Employment Rate 72.00 71.50 79.60 56.80 percent [+]


Finland Wage Growth
In Finland, wage growth refers to year over year changes in wages for the whole economy.