Markets Actual Q3 Q4 Q1 Q2 2022
Currency 1.11 1.17 1.17 1.16 1.16 1.14
Stock Market (points) 5625.29 5519 5379 5244 5111 4857
Government Bond 10Y (%) -0.25 0.02 0.05 0.08 0.11 0.13

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -0.10 1.5 1.1 0.5 0.6 0.4
GDP Annual Growth Rate (%) -1.00 2.6 2 2.1 3.2 2.2
Unemployment Rate (%) 7.60 9.3 9 8.7 8.7 7.8
Inflation Rate (%) 2.00 1.9 1.5 1.2 1 1.2
Inflation Rate Mom (%) -0.10 0.1 0.2 -0.1 -0.1 0.1
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -210.00 -330 -380 -380 -380 -380
Current Account (EUR Million) 254.00 -200 80 80 80 70
Current Account to GDP (% of GDP) 0.30 1.4 1.4 1.3 1.3 1.3
Government Debt to GDP (% of GDP) 69.20 67 67 67 67 68
Government Budget (% of GDP) -5.40 -4.3 -4.3 -3 -3 -3
Business Confidence (points) 20.80 -11 -10 -10 -10 -8
Consumer Confidence (points) 4.40 -5 -3 -3 -3 0.5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 56.95 51.6 51.6 51.6 51.6 51.6

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -0.10 1.5 1.1 0.5 0.6 0.4
GDP Annual Growth Rate (%) -1.00 2.6 2 2.1 3.2 2.2
GDP (USD Billion) 271.23 255 255 255 255 266
GDP Constant Prices (EUR Million) 56294.00 50568 53662 57421 57476 58684
Gross National Product (EUR Million) 57044.00 51958 54418 58130 58242 59409
Gross Fixed Capital Formation (EUR Million) 12683.00 12448 12127 12745 12949 13025
GDP per capita (USD) 47910.50 47500 47500 47500 47500 48300
GDP per capita PPP (USD) 47260.80 47800 47800 47800 47800 48300
GDP From Agriculture (EUR Million) 1329.00 1342 1486 1325 1357 1354
GDP From Construction (EUR Million) 3048.00 2797 3023 3122 3112 3191
GDP From Manufacturing (EUR Million) 8591.00 8191 8494 8752 8771 8944
GDP From Public Administration (EUR Million) 9184.00 8265 8368 9257 9377 9460
GDP From Services (EUR Million) 34154.00 30274 31232 34720 34871 35484
GDP From Transport (EUR Million) 1935.00 1814 2261 1990 1976 2034
GDP From Utilities (EUR Million) 1480.00 1490 1579 1450 1511 1482

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 7.60 9.3 9 8.7 8.7 7.8
Youth Unemployment Rate (%) 16.00 17.7 17.4 17.1 17.1 17.1
Wages (EUR/Month) 3620.00 3460 3605 3626 3630 3695
Wages in Manufacturing (points) 106.10 106 106 106 106 109
Population (Million) 5.53 5.54 5.54 5.56 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 2.5 2.5 2.5 3

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 2.00 1.9 1.5 1.2 1 1.2
Inflation Rate Mom (%) -0.10 0.1 0.2 -0.1 -0.1 0.1
Consumer Price Index CPI (points) 105.40 106 105 106 106 107
Harmonised Consumer Prices (points) 105.80 106 108 108 108 108
Core Consumer Prices (points) 104.39 103 104 104 104 104
Producer Prices (points) 110.00 108 108 109 112 109
Producer Prices Change (%) 11.00 7.1 5.3 2.1 1.8 1.2
CPI Housing Utilities (points) 150.50 150 150 151 152 152
CPI Transportation (points) 107.10 104 105 108 108 106
Food Inflation (%) -0.40 0.2 1.6 2 2 1.6

Money Actual Q3 Q4 Q1 Q2 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 (%) 232.70 230 230 230 230 225

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (EUR Million) -210.00 -330 -380 -380 -380 -380
Current Account (EUR Million) 254.00 -200 80 80 80 70
Current Account to GDP (% of GDP) 0.30 1.4 1.4 1.3 1.3 1.3
Imports (EUR Million) 5405.00 5610 5610 5610 5610 5610
Exports (EUR Million) 5195.00 5280 5280 5280 5280 5280
Tourist Arrivals (Persons) 18151.00 240000 260000 260000 260000 300000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 69.20 67 67 67 67 68
Government Budget (% of GDP) -5.40 -4.3 -4.3 -3 -3 -3
Government Budget Value (EUR Million) 370.50 -235 -235 -235 -235 -235
Government Spending (EUR Million) 13556.00 12507 12918 15029 13841 15359
Government Spending to GDP (% of GDP) 56.70 55 55 55 55 52

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 56.95 51.6 51.6 51.6 51.6 51.6
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 31.55 32.53 32.53 32.53 32.53 32.53
Social Security Rate For Companies (%) 20.66 23.2 23.2 23.2 23.2 23.2
Social Security Rate For Employees (%) 10.89 9.33 9.33 9.33 9.33 9.33

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 20.80 -11 -10 -10 -10 -8
Industrial Production (%) 8.00 8 3.3 2.1 2.3 2.5
Leading Economic Index (%) 9.00 2 0.9 0.9 0.9 2

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 4.40 -5 -3 -3 -3 0.5
Consumer Spending (EUR Million) 28889.00 26402 29248 29594 29496 30245
Bank Lending Rate (%) 4.04 4.04 4.04 4.04 4.04 4.04
Consumer Credit (EUR Million) 16566.00 17359 16677 17007 16837 17382
Gasoline Prices (USD/Liter) 1.99 1.89 1.8 1.71 1.62 1.54


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.