Markets Actual Q1 Q2 Q3 Q4 2021
Currency 1.08 1.1 1.1 1.1 1.09 1.09
Stock Market (points) 4470.00 4250 4201 4152 4104 4008
Government Bond 10Y (%) -0.25 0.02 0.05 0.08 0.11 0.17

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.40 0.4 0.3 0.3 0.3 0.4
GDP Annual Growth Rate (%) 1.40 1.6 1.2 1 1.1 1.3
Unemployment Rate (%) 6.00 6.9 6 6.1 5.9 5.8
Inflation Rate (%) 1.00 1.6 1.3 1.5 1.7 1.8
Inflation Rate Mom (%) -0.30 0.3 0.1 0.1 -0.1 0.2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 330.00 -270 -170 -170 -330 -380
Current Account (EUR Million) 788.00 120 120 120 450 450
Current Account to GDP (%) -1.90 -1.6 -1.6 -1.6 -1.6 -1.2
Government Debt to GDP (%) 58.90 57.5 57.5 57.5 57.5 54
Government Budget (% of GDP) -0.70 -1.2 -1.2 -1.2 -1.2 -1.4
Business Confidence (points) -9.90 -8.8 1.3 1.7 2 1
Consumer Confidence (points) -4.60 -2.9 -2.3 -2.6 -0.9 1.5
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 Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.40 0.4 0.3 0.3 0.3 0.4
GDP Annual Growth Rate (%) 1.40 1.6 1.2 1 1.1 1.3
GDP (USD Billion) 275.68 297 297 297 297 316
GDP Constant Prices (EUR Million) 51860.00 51336 51702 52033 52430 53112
Gross National Product (EUR Million) 52233.00 51754 51496 52407 52808 53494
Gross Fixed Capital Formation (EUR Million) 12102.00 11563 11609 12142 12235 12394
GDP per capita (USD) 48579.90 51500 51500 51500 51500 52800
GDP per capita PPP (USD) 41898.62 42500 42500 42500 42500 43000
GDP From Agriculture (EUR Million) 1310.00 1349 1313 1314 1324 1342
GDP From Construction (EUR Million) 2786.00 2808 2820 2795 2817 2853
GDP From Manufacturing (EUR Million) 8567.00 8150 8155 8596 8661 8774
GDP From Public Administration (EUR Million) 7944.00 8008 7987 7970 8031 8136
GDP From Services (EUR Million) 30570.00 29910 30069 30672 30906 31308
GDP From Transport (EUR Million) 2245.00 2186 2204 2252 2270 2299
GDP From Utilities (EUR Million) 1432.00 1453 1476 1437 1448 1467

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 6.00 6.9 6 6.1 5.9 5.8
Youth Unemployment Rate (%) 14.80 14.8 14.8 14.8 14.8 14.8
Wages (EUR/Month) 3540.00 3602 3628 3639 3632 3723
Wages in Manufacturing (points) 104.40 107 107 107 107 109
Population (Million) 5.51 5.53 5.53 5.53 5.53 5.54
Retirement Age Women 63.00 63 63 63 63 63
Retirement Age Men 63.00 63 63 63 63 63
Wage Growth (%) 3.40 3 2.7 2.8 2.6 2.5
Wages Low Skilled (EUR/Month) 1980.00 2039 2033 2035 2031 2082
Wages High Skilled (EUR/Month) 4250.00 4378 4365 4369 4361 4470
Living Wage Family (EUR/Month) 1700.00 1751 1746 1748 1744 1788

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 1.00 1.6 1.3 1.5 1.7 1.8
Inflation Rate Mom (%) -0.30 0.3 0.1 0.1 -0.1 0.2
Consumer Price Index CPI (points) 103.30 105 105 105 105 107
Harmonised Consumer Prices (points) 103.70 105 105 105 106 108
Core Consumer Prices (points) 102.27 103 103 103 103 104
Producer Prices (points) 2026.00 2055 2050 2073 2060 2104
Producer Prices Change (%) -0.80 0.5 1.2 1.4 1.7 2.1
CPI Housing Utilities (points) 147.71 149 149 150 150 153
CPI Transportation (points) 103.00 104 106 105 106 108
Food Inflation (%) 1.80 2.4 2.4 2.4 1.5 1.5

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.41 -0.38 -0.38 -0.38 -0.38 -0.38
Private Debt to GDP (%) 211.26 205 205 205 205 200

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (EUR Million) 330.00 -270 -170 -170 -330 -380
Current Account (EUR Million) 788.00 120 120 120 450 450
Current Account to GDP (%) -1.90 -1.6 -1.6 -1.6 -1.6 -1.2
Imports (EUR Million) 5275.00 5920 5850 5850 5610 5610
Exports (EUR Million) 5605.00 5650 5680 5680 5280 5280

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 58.90 57.5 57.5 57.5 57.5 54
Government Budget (% of GDP) -0.70 -1.2 -1.2 -1.2 -1.2 -1.4
Government Budget Value (EUR Million) -28.80 -236 -236 -236 -235 -235
Government Spending (EUR Million) 11438.00 11744 12012 11476 11564 11714
Government Spending to GDP (%) 53.10 52.5 52.5 52.5 52.5 52.1

Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2021
Business Confidence (points) -9.90 -8.8 1.3 1.7 2 1
Industrial Production (%) 0.60 1.9 2.5 2.2 1.8 1.2
Leading Economic Index (%) 0.51 1.2 1 0.9 1 0.9

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) -4.60 -2.9 -2.3 -2.6 -0.9 1.5
Consumer Spending (EUR Million) 28005.00 27628 27841 28098 28313 28681
Bank Lending Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25
Consumer Credit (EUR Million) 16451.00 15846 16128 16362 16632 16848
Gasoline Prices (USD/Liter) 1.65 1.47 1.51 1.54 1.6 1.6


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.