Markets Actual Q3 Q4 Q1 Q2 2021
Currency 1.14 1.13 1.13 1.12 1.12 1.11
Stock Market (points) 4064.59 3960 3866 3775 3685 3506
Government Bond 10Y (%) -0.25 0.03 0.05 0.08 0.12 0.19

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -0.90 3.5 2.2 1.1 1 0.9
GDP Annual Growth Rate (%) -1.10 -7 -4.5 -4.2 9.2 4.2
Unemployment Rate (%) 10.60 9.2 11 10.3 9.6 9
Inflation Rate (%) 0.00 0.2 0.6 1 1.3 1.4
Inflation Rate Mom (%) 0.20 0.1 -0.1 -0.1 -0.1 0.2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -280.00 -170 -330 -330 -330 -380
Current Account (EUR Million) -567.00 150 100 -450 -1000 80
Current Account to GDP (%) -0.80 -1.6 -1.6 -1.2 -1.2 -1.2
Government Debt to GDP (%) 59.40 61 61 62.8 62.8 62.8
Government Budget (% of GDP) -1.10 -6.2 -6.2 -3.8 -3.8 -3.8
Business Confidence (points) -24.00 -18.5 -15 -13 -12.5 -10
Consumer Confidence (points) -3.90 -10 -7 -5 -4.5 -3
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 53.75 53.75 53.75 53.75 53.75 53.75

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -0.90 3.5 2.2 1.1 1 0.9
GDP Annual Growth Rate (%) -1.10 -7 -4.5 -4.2 9.2 4.2
GDP (USD Billion) 268.76 242 242 255 255 255
GDP Constant Prices (EUR Million) 50767.00 50308 48903 48635 55438 50957
Gross National Product (EUR Million) 51076.00 50999 49521 48931 55775 51600
Gross Fixed Capital Formation (EUR Million) 11762.00 11512 11287 11268 12844 11761
GDP per capita (USD) 49241.10 45100 45100 47500 47500 47500
GDP per capita PPP (USD) 48621.10 44300 44300 47800 47800 47800
GDP From Agriculture (EUR Million) 1166.00 1199 1170 1117 1273 1219
GDP From Construction (EUR Million) 2688.00 2653 2570 2575 2935 2678
GDP From Manufacturing (EUR Million) 7941.00 7935 7609 7607 8672 7929
GDP From Public Administration (EUR Million) 8011.00 7910 7768 7675 8748 8094
GDP From Services (EUR Million) 30400.00 30046 29312 29123 33197 30543
GDP From Transport (EUR Million) 2132.00 2199 2104 2042 2328 2192
GDP From Utilities (EUR Million) 1438.00 1403 1385 1378 1570 1443

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 10.60 9.2 11 10.3 9.6 9
Youth Unemployment Rate (%) 25.20 25.2 25.2 24.5 23.8 23.8
Wages (EUR/Month) 3548.00 3611 3605 3626 3630 3695
Wages in Manufacturing (points) 103.90 106 106 106 106 109
Population (Million) 5.53 5.53 5.53 5.54 5.54 5.54
Retirement Age Women 63.00 63 63 63 63 63
Retirement Age Men 63.00 63 63 63 63 63
Wage Growth (%) 2.20 2 1.6 2.2 2.3 2.5

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 0.00 0.2 0.6 1 1.3 1.4
Inflation Rate Mom (%) 0.20 0.1 -0.1 -0.1 -0.1 0.2
Consumer Price Index CPI (points) 103.32 104 104 105 104 106
Harmonised Consumer Prices (points) 103.50 105 106 106 106 108
Core Consumer Prices (points) 102.97 103 103 104 103 104
Producer Prices (points) 1904.00 1969 1941 1849 1944 1989
Producer Prices Change (%) -7.10 -3.7 -4.2 -4.2 2.1 2.5
CPI Housing Utilities (points) 147.10 148 149 148 149 151
CPI Transportation (points) 101.29 104 105 102 101 106
Food Inflation (%) 2.40 1.8 1.3 1.2 1 1.6

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.44 -0.44 -0.44 -0.44 -0.44 -0.44
Private Debt to GDP (%) 211.26 205 205 205 205 200

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (EUR Million) -280.00 -170 -330 -330 -330 -380
Current Account (EUR Million) -567.00 150 100 -450 -1000 80
Current Account to GDP (%) -0.80 -1.6 -1.6 -1.2 -1.2 -1.2
Imports (EUR Million) 4300.00 5850 5610 5610 5610 5610
Exports (EUR Million) 4020.00 5680 5280 5280 5280 5280

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 59.40 61 61 62.8 62.8 62.8
Government Budget (% of GDP) -1.10 -6.2 -6.2 -3.8 -3.8 -3.8
Government Budget Value (EUR Million) -286.90 -236 -235 -235 -235 -235
Government Spending (EUR Million) 11574.00 11208 11781 11088 12639 12276
Government Spending to GDP (%) 53.30 58 58 55 55 55

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 53.75 53.75 53.75 53.75 53.75 53.75
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 29.96 29.96 29.96 29.96 29.96 29.96
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 Q3 Q4 Q1 Q2 2021
Business Confidence (points) -24.00 -18.5 -15 -13 -12.5 -10
Industrial Production (%) -3.80 -16 1.8 2.5 6.5 8
Leading Economic Index (%) -5.50 0.9 1 1 1 0.9

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) -3.90 -10 -7 -5 -4.5 -3
Consumer Spending (EUR Million) 27462.00 27185 26387 26309 29989 27495
Bank Lending Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25
Consumer Credit (EUR Million) 16503.00 15928 15711 15907 18132 16371
Gasoline Prices (USD/Liter) 1.50 1.43 1.35 1.29 1.22 1.16


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.