Markets Actual Q1 Q2 Q3 Q4 2022
Currency 1.21 1.2 1.2 1.19 1.19 1.18
Stock Market (points) 4789.27 4767 4655 4544 4436 4220
Government Bond 10Y (%) -0.02 0 0.01 0.01 0.01 0.02

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 0.40 0.9 0.9 1.5 0.5 0.3
GDP Annual Growth Rate (%) -1.40 -3.2 5.8 2.9 2.2 3.2
Unemployment Rate (%) 7.80 8.8 9.6 9.3 9 7.2
Inflation Rate (%) 0.90 0.5 1 1.2 1.4 2
Inflation Rate Mom (%) 0.30 -0.1 -0.1 -0.1 0.2 0.2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 1035.00 -330 -330 -330 -380 -380
Current Account (EUR Million) 2041.00 -450 -1000 -200 80 70
Current Account to GDP (%) -0.80 -1.2 -1.2 -1.2 -1.2 -1.4
Government Debt to GDP (%) 59.40 67 67 67 67 68
Government Budget (% of GDP) -1.10 -3.8 -3.8 -3.8 -3.8 -3
Business Confidence (points) -5.20 -13 -12.5 -11 -10 -8
Consumer Confidence (points) -0.80 -5 -4.5 -5 -3 0.5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 56.95 51.6 56.95 56.95 51.6 51.6

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 0.40 0.9 0.9 1.5 0.5 0.3
GDP Annual Growth Rate (%) -1.40 -3.2 5.8 2.9 2.2 3.2
GDP (USD Billion) 268.76 255 255 255 255 266
GDP Constant Prices (EUR Million) 50151.00 49142 51051 51605 51254 52894
Gross National Product (EUR Million) 51138.00 49442 52454 52621 52263 53935
Gross Fixed Capital Formation (EUR Million) 11643.00 11386 12567 11981 11899 12280
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) 1297.00 1129 1355 1335 1326 1368
GDP From Construction (EUR Million) 2624.00 2602 2824 2700 2682 2768
GDP From Manufacturing (EUR Million) 8020.00 7687 8269 8253 8196 8459
GDP From Public Administration (EUR Million) 7778.00 7755 8343 8004 7949 8203
GDP From Services (EUR Million) 29841.00 29427 30562 30706 30498 31473
GDP From Transport (EUR Million) 1815.00 2064 1831 1868 1855 1914
GDP From Utilities (EUR Million) 1387.00 1392 1504 1427 1418 1463

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 7.80 8.8 9.6 9.3 9 7.2
Youth Unemployment Rate (%) 20.00 21 21.8 21.5 21.2 21.2
Wages (EUR/Month) 3605.00 3460 3605 3626 3630 3695
Wages in Manufacturing (points) 105.60 106 106 106 106 109
Population (Million) 5.53 5.54 5.54 5.54 5.54 5.55
Retirement Age Women 63.75 64 64 64 64 64.25
Retirement Age Men 63.75 64 64 64 64 64.25
Wage Growth (%) -4.40 2.2 2.3 2.3 2.5 3

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 0.90 0.5 1 1.2 1.4 2
Inflation Rate Mom (%) 0.30 -0.1 -0.1 -0.1 0.2 0.2
Consumer Price Index CPI (points) 104.20 104 104 105 105 107
Harmonised Consumer Prices (points) 104.80 106 106 106 108 108
Core Consumer Prices (points) 103.50 103 103 104 104 104
Producer Prices (points) 103.70 98.49 101 102 104 105
Producer Prices Change (%) -0.80 -1.8 0.7 1.5 1.8 0.9
CPI Housing Utilities (points) 148.30 147 149 149 150 153
CPI Transportation (points) 104.20 102 102 103 105 107
Food Inflation (%) 0.40 1.2 1 1.1 1.6 1.6

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.54 -0.54 -0.54 -0.54 -0.54 -0.54
Private Debt to GDP (%) 222.10 230 230 230 230 225

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (EUR Million) 1035.00 -330 -330 -330 -380 -380
Current Account (EUR Million) 2041.00 -450 -1000 -200 80 70
Current Account to GDP (%) -0.80 -1.2 -1.2 -1.2 -1.2 -1.4
Imports (EUR Million) 5005.00 5610 5610 5610 5610 5610
Exports (EUR Million) 6040.00 5280 5280 5280 5280 5280
Tourist Arrivals (Persons) 20558.00 75000 220000 240000 260000 300000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 59.40 67 67 67 67 68
Government Budget (% of GDP) -1.10 -3.8 -3.8 -3.8 -3.8 -3
Government Budget Value (EUR Million) -1573.40 -235 -235 -235 -235 -235
Government Spending (EUR Million) 11277.00 11204 12626 11604 11525 11894
Government Spending to GDP (%) 53.30 55 55 55 55 52

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 56.95 51.6 56.95 56.95 51.6 51.6
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 32.52 32.53 32.52 32.52 32.53 32.53
Social Security Rate For Companies (%) 20.76 23.2 20.17 20.17 23.2 23.2
Social Security Rate For Employees (%) 11.76 9.33 11.76 11.76 9.33 9.33

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) -5.20 -13 -12.5 -11 -10 -8
Industrial Production (%) -2.50 2.5 6.5 6.5 8 2.5
Leading Economic Index (%) -1.80 -1 3 2 0.9 2

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) -0.80 -5 -4.5 -5 -3 0.5
Consumer Spending (EUR Million) 26489.00 26583 26654 27257 27072 27938
Bank Lending Rate (%) 4.15 4.15 4.15 4.15 4.15 4.15
Consumer Credit (EUR Million) 16674.00 16073 17525 17100 17041 17586
Gasoline Prices (USD/Liter) 1.88 1.75 1.66 1.58 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.