Living Wage Family in Finland decreased to 1700 EUR/Month in 2018 from 1780 EUR/Month in 2017.

Living Wage Family in Finland averaged 1707.50 EUR/Month from 2015 until 2018, reaching an all time high of 1780 EUR/Month in 2017 and a record low of 1650 EUR/Month in 2015.

Living Wage Family in Finland is expected to be 1751.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Living Wage Family is projected to trend around 1833.00 EUR/Month in 2020, according to our econometric models.

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Finland Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
1700.00 1780.00 1780.00 1650.00 2015 - 2018 EUR/Month yearly

Finland Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.

Finland Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.00 5.90 19.90 0.70 percent [+]
Employed Persons 2570.00 2543.00 2688.00 1942.00 Thousand [+]
Unemployed Persons 164.00 160.00 512.00 15.00 Thousand [+]
Labor Force Participation Rate 66.20 65.50 73.80 62.00 percent [+]
Long Term Unemployment Rate 1.20 1.10 5.50 1.10 percent [+]
Youth Unemployment Rate 14.80 11.80 51.90 3.20 percent [+]
Labour Costs 98.11 98.37 100.53 28.40 points [+]
Job Vacancies 51128.00 55470.00 96096.00 2624.00 [+]
Wages 3540.00 3533.00 3540.00 2009.00 EUR/Month [+]
Wages in Manufacturing 104.00 104.00 104.00 40.60 points [+]
Population 5.51 5.50 5.51 4.41 Million [+]
Retirement Age Women 63.00 63.00 63.00 63.00 [+]
Retirement Age Men 63.00 63.00 63.00 63.00 [+]
Productivity 110.00 105.40 110.00 59.40 points [+]
Wages Low Skilled 1980.00 2000.00 2000.00 1580.00 EUR/Month [+]
Wage Growth 3.70 3.90 8.50 -2.30 percent [+]
Wages High Skilled 4250.00 4230.00 4250.00 3650.00 EUR/Month [+]
Part Time Employment 358.60 385.90 402.40 225.90 Thousand [+]
Living Wage Family 1700.00 1780.00 1780.00 1650.00 EUR/Month [+]
Living Wage Individual 1160.00 1190.00 1190.00 1100.00 EUR/Month [+]
Employment Change -0.50 0.30 1.80 -2.60 percent [+]
Employment Rate 71.70 72.00 79.60 56.80 percent [+]
Full Time Employment 2160.80 2126.20 2243.80 1868.00 Thousand [+]