Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1.20 1.2 1.19 1.19 1.18 1.18
Stock Market (points) 5141.21 5046 4926 4809 4695 4467
Government Bond 10Y (%) -0.03 0 0.01 0.01 0.01 0.02

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.40 0.9 1.5 0.5 0.5 0.3
GDP Annual Growth Rate (%) -1.40 5.8 2.9 2.2 2.2 3.2
Unemployment Rate (%) 8.10 9.6 9.3 9 8.7 7.8
Inflation Rate (%) 1.30 1.7 1.3 1.2 1.2 1.2
Inflation Rate Mom (%) 0.20 0.2 0.1 0.2 -0.1 0.1
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -340.00 -330 -330 -380 -380 -380
Current Account (EUR Million) 373.00 -1000 -200 80 80 70
Current Account to GDP (%) 0.30 1.4 1.4 1.4 1.3 1.3
Government Debt to GDP (%) 69.20 67 67 67 67 68
Government Budget (% of GDP) -5.40 -4.3 -4.3 -4.3 -3 -3
Business Confidence (points) 9.80 -12.5 -11 -10 -10 -8
Consumer Confidence (points) 3.80 -4.5 -5 -3 -3 0.5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 56.95 51.6 56.95 51.6 51.6 51.6

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.40 0.9 1.5 0.5 0.5 0.3
GDP Annual Growth Rate (%) -1.40 5.8 2.9 2.2 2.2 3.2
GDP (USD Billion) 268.76 255 255 255 255 266
GDP Constant Prices (EUR Million) 56295.00 49142 51051 53662 51254 52894
Gross National Product (EUR Million) 56990.00 49442 52454 54418 52263 53935
Gross Fixed Capital Formation (EUR Million) 12495.00 11386 12567 12127 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) 1299.00 1129 1355 1486 1326 1368
GDP From Construction (EUR Million) 3061.00 2602 2824 3023 2682 2768
GDP From Manufacturing (EUR Million) 8580.00 7687 8269 8494 8196 8459
GDP From Public Administration (EUR Million) 9075.00 7755 8343 8368 7949 8203
GDP From Services (EUR Million) 34039.00 29427 30562 31232 30498 31473
GDP From Transport (EUR Million) 1951.00 2064 1831 2261 1855 1914
GDP From Utilities (EUR Million) 1422.00 1392 1504 1579 1418 1463

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 8.10 9.6 9.3 9 8.7 7.8
Youth Unemployment Rate (%) 20.00 21.5 21.2 20.9 20.6 20.6
Wages (EUR/Month) 3620.00 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 5.56 5.56
Retirement Age Women 63.75 64 64 64 64 64.25
Retirement Age Men 63.75 64 64 64 64 64.25
Wage Growth (%) 0.20 2.3 2.3 2.5 2.5 3

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 1.30 1.7 1.3 1.2 1.2 1.2
Inflation Rate Mom (%) 0.20 0.2 0.1 0.2 -0.1 0.1
Consumer Price Index CPI (points) 104.90 105 105 105 106 106
Harmonised Consumer Prices (points) 105.40 106 106 108 108 108
Core Consumer Prices (points) 103.82 103 103 104 104 104
Producer Prices (points) 107.00 107 108 108 108 109
Producer Prices Change (%) 6.70 6.5 7.1 5.3 2.1 1.2
CPI Housing Utilities (points) 149.05 150 149 150 151 151
CPI Transportation (points) 106.50 103 103 104 108 106
Food Inflation (%) 0.50 -0.6 0.2 1.6 2 1.6

Money Actual Q2 Q3 Q4 Q1 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 (%) 226.20 230 230 230 230 225

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (EUR Million) -340.00 -330 -330 -380 -380 -380
Current Account (EUR Million) 373.00 -1000 -200 80 80 70
Current Account to GDP (%) 0.30 1.4 1.4 1.4 1.3 1.3
Imports (EUR Million) 5150.00 5610 5610 5610 5610 5610
Exports (EUR Million) 4810.00 5280 5280 5280 5280 5280
Tourist Arrivals (Persons) 18151.00 220000 240000 260000 260000 300000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 69.20 67 67 67 67 68
Government Budget (% of GDP) -5.40 -4.3 -4.3 -4.3 -3 -3
Government Budget Value (EUR Million) -1418.00 -235 -235 -235 -235 -235
Government Spending (EUR Million) 14734.00 11204 12626 12918 11525 11894
Government Spending to GDP (%) 53.30 55 55 55 55 52

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

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 9.80 -12.5 -11 -10 -10 -8
Industrial Production (%) 5.50 8 6.5 3.3 2.1 2.5
Leading Economic Index (%) -0.60 3 2 0.9 0.9 2

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 3.80 -4.5 -5 -3 -3 0.5
Consumer Spending (EUR Million) 29014.00 26583 26654 29248 27072 27938
Bank Lending Rate (%) 4.33 4.33 4.33 4.33 4.33 4.33
Consumer Credit (EUR Million) 16505.00 16073 17525 16677 17041 17586
Gasoline Prices (USD/Liter) 1.87 1.75 1.66 1.43 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.