Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.11 1.1 1.1 1.09 1.09 1.08
Stock Market (points) 3805.90 3803 3753 3705 3656 3562
Government Bond 10Y (%) -0.41 0.02 0.04 0.06 0.09 0.11
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.90 0.4 0.4 0.4 0.3 0.3
GDP Annual Growth Rate (%) 1.80 1.9 1.6 1.4 1.3 1.2
Unemployment Rate (%) 6.00 6.2 6 6.9 6 5.9
Inflation Rate (%) 0.80 1 1.1 1.6 1.3 1.7
Inflation Rate Mom (%) -0.30 0.2 0.1 0.3 0.1 -0.1
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 195.00 -10 -320 -270 -170 -330
Current Account (EUR Million) 791.00 50 120 120 120 450
Current Account to GDP (%) -1.90 0.3 0.3 0.6 0.6 0.6
Government Debt to GDP (%) 58.90 58 58 57.5 57.5 57.5
Government Budget (% of GDP) -0.70 -0.4 -0.4 -0.1 -0.1 -0.1
Business Confidence (Index Points) -3.50 -4.3 -4 -4.7 -4.7 -6
Consumer Confidence (Index Points) -3.90 -3 -1.5 -2 -2.2 -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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.90 0.4 0.4 0.4 0.3 0.3
GDP Annual Growth Rate (%) 1.80 1.9 1.6 1.4 1.3 1.2
GDP (USD Billion) 275.68 291 291 302 302 302
GDP Constant Prices (EUR Million) 51041.00 51625 51742 51756 51705 52363
Gross National Product (EUR Million) 51075.00 52113 52411 51790 51739 53040
Gross Fixed Capital Formation (EUR Million) 11432.00 11495 11653 11592 11581 11792
GDP per capita (USD) 48579.90 49200 49200 51500 51500 51500
GDP per capita PPP (USD) 41898.62 42000 42000 42500 42500 42500
GDP From Agriculture (EUR Million) 1387.00 1417 1431 1406 1405 1448
GDP From Construction (EUR Million) 2902.00 2897 2916 2943 2940 2951
GDP From Manufacturing (EUR Million) 8150.00 8168 8193 8264 8256 8291
GDP From Public Administration (EUR Million) 8096.00 8133 8175 8209 8201 8273
GDP From Services (EUR Million) 29711.00 30081 30109 30127 30097 30470
GDP From Transport (EUR Million) 2147.00 2184 2177 2177 2175 2203
GDP From Utilities (EUR Million) 1522.00 1548 1532 1543 1542 1551
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 6.00 6.2 6 6.9 6 5.9
Wages (EUR/Month) 3512.00 3515 3440 3440 3440 3460
Wages in Manufacturing (Index Points) 103.50 104 104 104 104 106
Population (Million) 5.51 5.54 5.52 5.53 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 1827 1827 1827 1868
Wages High Skilled (EUR/Month) 4250.00 3964 4000 4000 4000 4074
Living Wage Family (EUR/Month) 1700.00 1714 1740 1740 1740 1740
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.80 1 1.1 1.6 1.3 1.7
Inflation Rate Mom (%) -0.30 0.2 0.1 0.3 0.1 -0.1
Consumer Price Index CPI (Index Points) 103.10 104 104 105 105 106
Core Consumer Prices (Index Points) 102.57 102 103 102 103 103
Producer Prices (Index Points) 2027.00 2105 2095 2091 2090 2145
Producer Prices Change (%) -0.90 2.3 2.6 2.2 2.3 2.4
CPI Housing Utilities (Index Points) 147.10 147 147 149 149 150
CPI Transportation (Index Points) 104.90 105 105 104 106 107
Food Inflation (%) 0.70 2.1 2.4 2.4 2.4 1.5
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.42 -0.37 -0.37 -0.37 -0.37 -0.37
Private Debt to GDP (%) 211.26 209 209 205 205 205
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (EUR Million) 195.00 -10 -320 -270 -170 -330
Current Account (EUR Million) 791.00 50 120 120 120 450
Current Account to GDP (%) -1.90 0.3 0.3 0.6 0.6 0.6
Imports (EUR Million) 5050.00 5400 5420 5920 5850 5610
Exports (EUR Million) 5245.00 5320 5100 5650 5680 5280
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 58.90 58 58 57.5 57.5 57.5
Government Budget (% of GDP) -0.70 -0.4 -0.4 -0.1 -0.1 -0.1
Government Spending (EUR Million) 11698.00 11455 12476 11862 11850 12626
Government Spending to GDP (%) 53.10 52.9 52.9 52.5 52.5 52.5
Taxes Actual Q3 Q4 Q1 Q2 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 23.2 23.2 23.2 20.17 23.2
Social Security Rate For Employees (%) 9.79 9.33 9.33 9.33 9.79 9.33
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) -3.50 -4.3 -4 -4.7 -4.7 -6
Industrial Production (%) 2.60 3.6 3.4 3.4 3.4 1.8
Leading Economic Index (%) 2.23 3.14 2.3 2.3 2.3 2.1
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) -3.90 -3 -1.5 -2 -2.2 -2
Consumer Spending (EUR Million) 27232.00 27896 27998 27613 27586 28334
Bank Lending Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25
Gasoline Prices (USD/Liter) 1.72 1.67 1.63 1.59 1.55 1.55


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.