Markets Actual Q4 Q1 Q2 Q3 2020
Currency 1.10 1.09 1.08 1.08 1.07 1.06
Stock Market (points) 3977.02 3986 3932 3879 3826 3724
Government Bond 10Y (%) -0.30 0.03 0.06 0.1 0.14 0.17
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.50 0.4 0.4 0.3 0.3 0.3
GDP Annual Growth Rate (%) 1.20 1.5 1.2 1.3 1.2 1.1
Unemployment Rate (%) 6.10 6 6.9 6 6.1 5.9
Inflation Rate (%) 0.90 1.1 1.6 1.3 1.5 1.7
Inflation Rate Mom (%) 0.00 0.1 0.3 0.1 0.1 -0.1
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -240.00 -320 -270 -170 -170 -330
Current Account (EUR Million) 97.00 120 120 120 120 450
Current Account to GDP (%) -1.90 -0.7 -0.7 -0.7 -0.7 -0.7
Government Debt to GDP (%) 58.90 58 57.5 57.5 57.5 57.5
Government Budget (% of GDP) -0.70 -0.4 -0.1 -0.1 -0.1 -0.1
Business Confidence (Index Points) -6.60 -0.7 1 1.3 1.7 2
Consumer Confidence (Index Points) -4.20 -5.7 -2.9 -2.3 -2.6 -0.9
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 Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.50 0.4 0.4 0.3 0.3 0.3
GDP Annual Growth Rate (%) 1.20 1.5 1.2 1.3 1.2 1.1
GDP (USD Billion) 275.68 291 302 302 302 302
GDP Constant Prices (EUR Million) 51037.00 51287 51408 51700 51649 51851
Gross National Product (EUR Million) 51291.00 52263 52098 51958 51906 52838
Gross Fixed Capital Formation (EUR Million) 11563.00 11765 11640 11713 11702 11894
GDP per capita (USD) 48579.90 49200 51500 51500 51500 51500
GDP per capita PPP (USD) 41898.62 42000 42500 42500 42500 42500
GDP From Agriculture (EUR Million) 1308.00 1353 1358 1325 1324 1368
GDP From Construction (EUR Million) 2809.00 2832 2827 2846 2843 2863
GDP From Manufacturing (EUR Million) 8123.00 7990 8204 8229 8220 8078
GDP From Public Administration (EUR Million) 7955.00 8043 8062 8058 8050 8131
GDP From Services (EUR Million) 29949.00 30009 30108 30338 30308 30340
GDP From Transport (EUR Million) 2195.00 2191 2200 2224 2221 2215
GDP From Utilities (EUR Million) 1470.00 1442 1462 1489 1488 1458
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 6.10 6 6.9 6 6.1 5.9
Wages (EUR/Month) 3534.00 3440 3580 3604 3629 3460
Wages in Manufacturing (Index Points) 104.00 105 106 107 107 108
Population (Million) 5.51 5.52 5.53 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 1827 2041 2039 2033 1868
Wages High Skilled (EUR/Month) 4250.00 4000 4382 4378 4365 4074
Living Wage Family (EUR/Month) 1700.00 1740 1753 1751 1746 1798
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 0.90 1.1 1.6 1.3 1.5 1.7
Inflation Rate Mom (%) 0.00 0.1 0.3 0.1 0.1 -0.1
Consumer Price Index CPI (Index Points) 103.50 104 104 105 105 106
Core Consumer Prices (Index Points) 102.84 103 102 102 103 103
Producer Prices (Index Points) 2034.00 2095 2091 2055 2051 2145
Producer Prices Change (%) -1.00 0.3 0.5 1.2 1.4 1.7
CPI Housing Utilities (Index Points) 147.83 148 149 149 149 150
CPI Transportation (Index Points) 103.60 105 104 104 106 107
Food Inflation (%) 0.30 2.4 2.4 2.4 2.4 1.5
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.42 -0.31 -0.06 -0.4 -0.4 -0.06
Private Debt to GDP (%) 211.26 209 205 205 205 205
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (EUR Million) -240.00 -320 -270 -170 -170 -330
Current Account (EUR Million) 97.00 120 120 120 120 450
Current Account to GDP (%) -1.90 -0.7 -0.7 -0.7 -0.7 -0.7
Imports (EUR Million) 5260.00 5420 5920 5850 5850 5610
Exports (EUR Million) 5020.00 5100 5650 5680 5680 5280
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 58.90 58 57.5 57.5 57.5 57.5
Government Budget (% of GDP) -0.70 -0.4 -0.1 -0.1 -0.1 -0.1
Government Spending (EUR Million) 11964.00 12487 11822 12120 12108 12624
Government Spending to GDP (%) 53.10 52.9 52.5 52.5 52.5 52.5
Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) -6.60 -0.7 1 1.3 1.7 2
Industrial Production (%) 4.40 3.4 3.4 3.4 3.4 1.8
Leading Economic Index (%) 1.71 1.6 1.2 1 0.9 1
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) -4.20 -5.7 -2.9 -2.3 -2.6 -0.9
Consumer Spending (EUR Million) 27730.00 28177 27812 28090 28063 28487
Bank Lending Rate (%) 0.25 0.25 0.5 0.25 0.25 0.5
Gasoline Prices (USD/Liter) 1.68 1.55 1.51 1.46 1.41 1.51


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.