Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1.19 1.18 1.18 1.17 1.16 1.15
Stock Market (points) 5274.14 5073 4879 4692 4513 4154
Government Bond 10Y (%) -0.02 0 0.01 0.01 0.01 0.02

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -0.10 0.7 1.5 1.1 0.5 0.4
GDP Annual Growth Rate (%) -1.00 4.8 2.6 3 3.1 2.2
Unemployment Rate (%) 9.00 9.6 9.3 9 8.7 7.8
Inflation Rate (%) 2.20 2.7 1.9 1.2 1.2 1.2
Inflation Rate Mom (%) 0.20 0.2 0.1 0.2 -0.1 0.1
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -265.00 -330 -330 -380 -380 -380
Current Account (EUR Million) -644.00 -1000 -200 80 80 70
Current Account to GDP (% of GDP) 0.30 1.4 1.4 1.4 1.3 1.3
Government Debt to GDP (% of GDP) 69.20 67 67 67 67 68
Government Budget (% of GDP) -5.40 -4.3 -4.3 -4.3 -3 -3
Business Confidence (points) 15.00 -12.5 -11 -10 -10 -8
Consumer Confidence (points) 2.70 4 -5 -3 -3 0.5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 56.95 51.6 56.95 51.6 51.6 51.6

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -0.10 0.7 1.5 1.1 0.5 0.4
GDP Annual Growth Rate (%) -1.00 4.8 2.6 3 3.1 2.2
GDP (USD Billion) 268.76 255 255 255 255 266
GDP Constant Prices (EUR Million) 56294.00 50568 51455 57984 58040 59259
Gross National Product (EUR Million) 57044.00 51958 52468 58700 58757 59991
Gross Fixed Capital Formation (EUR Million) 12683.00 12448 11946 12870 12882 13153
GDP per capita (USD) 49241.10 47500 47500 47500 47500 48300
GDP per capita PPP (USD) 48621.10 47800 47800 47800 47800 48300
GDP From Agriculture (EUR Million) 1329.00 1342 1331 1338 1339 1367
GDP From Construction (EUR Million) 3048.00 2797 2692 3153 3156 3222
GDP From Manufacturing (EUR Million) 8591.00 8191 8229 8837 8846 9032
GDP From Public Administration (EUR Million) 9184.00 8265 7980 9347 9356 9553
GDP From Services (EUR Million) 34154.00 30274 30617 35060 35094 35831
GDP From Transport (EUR Million) 1935.00 1814 1862 2010 2011 2054
GDP From Utilities (EUR Million) 1480.00 1490 1423 1465 1466 1497

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 9.00 9.6 9.3 9 8.7 7.8
Youth Unemployment Rate (%) 20.00 20.6 20.3 20 19.7 19.7
Wages (EUR/Month) 3620.00 3460 3605 3626 3630 3695
Wages in Manufacturing (points) 106.10 106 106 106 106 109
Population (Million) 5.53 5.54 5.54 5.54 5.56 5.56
Retirement Age Women 63.75 64 64 64 64 64.25
Retirement Age Men 63.75 64 64 64 64 64.25
Wage Growth (%) 0.20 2.3 2.3 2.5 2.5 3

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 2.20 2.7 1.9 1.2 1.2 1.2
Inflation Rate Mom (%) 0.20 0.2 0.1 0.2 -0.1 0.1
Consumer Price Index CPI (points) 105.40 106 106 105 106 106
Harmonised Consumer Prices (points) 105.90 106 106 108 108 108
Core Consumer Prices (points) 104.39 103 103 104 104 104
Producer Prices (points) 107.50 107 108 108 109 109
Producer Prices Change (%) 8.70 6.5 7.1 5.3 2.1 1.2
CPI Housing Utilities (points) 150.40 151 150 150 151 151
CPI Transportation (points) 107.20 104 104 104 108 106
Food Inflation (%) 0.50 -0.6 0.2 1.6 2 1.6

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.54 -0.55 -0.55 -0.55 -0.55 -0.55
Private Debt to GDP (%) 232.70 230 230 230 230 225

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (EUR Million) -265.00 -330 -330 -380 -380 -380
Current Account (EUR Million) -644.00 -1000 -200 80 80 70
Current Account to GDP (% of GDP) 0.30 1.4 1.4 1.4 1.3 1.3
Imports (EUR Million) 5530.00 5610 5610 5610 5610 5610
Exports (EUR Million) 5265.00 5280 5280 5280 5280 5280
Tourist Arrivals (Persons) 18151.00 220000 240000 260000 260000 300000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 69.20 67 67 67 67 68
Government Budget (% of GDP) -5.40 -4.3 -4.3 -4.3 -3 -3
Government Budget Value (EUR Million) -281.10 -235 -235 -235 -235 -235
Government Spending (EUR Million) 13556.00 12507 11570 15176 15191 15510
Government Spending to GDP (% of GDP) 56.70 55 55 55 55 52

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 56.95 51.6 56.95 51.6 51.6 51.6
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 31.55 32.53 32.52 32.53 32.53 32.53
Social Security Rate For Companies (%) 20.66 23.2 20.17 23.2 23.2 23.2
Social Security Rate For Employees (%) 10.89 9.33 11.76 9.33 9.33 9.33

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 15.00 -12.5 -11 -10 -10 -8
Industrial Production (%) 3.10 8 6.5 3.3 2.1 2.5
Leading Economic Index (%) 6.40 3 2 0.9 0.9 2

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 2.70 4 -5 -3 -3 0.5
Consumer Spending (EUR Million) 28889.00 26402 27178 29884 29913 30542
Bank Lending Rate (%) 4.12 4.06 4.06 4.06 4.06 4.06
Consumer Credit (EUR Million) 16548.00 17359 17050 17174 17002 17552
Gasoline Prices (USD/Liter) 2.01 1.75 1.66 1.43 1.5 1.42


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.