Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.14 1.13 1.13 1.12 1.12 1.1
Stock Market (points) 4004.37 3679 3633 3588 3542 3455
Government Bond 10Y (%) 0.51 0.5 0.53 0.56 0.59 0.66
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.40 0.6 0.4 0.4 0.6 0.6
GDP Annual Growth Rate (%) 2.40 2.3 2.2 2.1 1.5 1.4
Unemployment Rate (%) 6.20 7.1 7.1 7.2 7.3 7.1
Inflation Rate (%) 1.20 1.6 1.7 1.8 1.8 2
Inflation Rate Mom (%) -0.10 0.4 0.3 0.5 0.6 0.3
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Balance of Trade (EUR Million) -60.00 -200 -240 -215 255 325
Current Account (EUR Million) 174.00 -420 -150 50 120 450
Current Account to GDP (%) -0.70 0.6 0.6 0.6 0.6 0.7
Government Debt to GDP (%) 61.40 57.6 57.6 57.6 57.6 54.2
Government Budget (% of GDP) -0.60 0.6 0.6 0.6 0.6 1
Business Confidence (Index Points) 3.20 16 15 14 13 11
Consumer Confidence (Index Points) 16.10 18 17 16 15 11
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 51.60 51.6 51.6 51.6 51.6 51.6
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.40 0.6 0.4 0.4 0.6 0.6
GDP Annual Growth Rate (%) 2.40 2.3 2.2 2.1 1.5 1.4
GDP (USD Billion) 251.88 262 262 262 262 270
GDP Constant Prices (EUR Million) 50441.00 50559 50713 50794 51198 51914
Gross National Product (EUR Million) 50328.00 51816 51953 50680 51083 51798
Gross Fixed Capital Formation (EUR Million) 11108.00 11838 11476 11186 11275 11432
GDP per capita (USD) 47057.62 51200 51200 51200 51200 52500
GDP per capita PPP (USD) 40585.72 39630 39630 39630 39630 39630
GDP From Agriculture (EUR Million) 1339.00 1342 1377 1348 1359 1378
GDP From Construction (EUR Million) 2777.00 2908 2861 2835 2819 2858
GDP From Manufacturing (EUR Million) 7937.00 7839 7907 7993 8056 8169
GDP From Public Administration (EUR Million) 7979.00 8137 8312 8147 8099 8212
GDP From Services (EUR Million) 29718.00 30025 29769 29926 30164 30586
GDP From Transport (EUR Million) 2287.00 2313 2298 2303 2321 2354
GDP From Utilities (EUR Million) 1549.00 1462 1581 1560 1572 1594
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 6.20 7.1 7.1 7.2 7.3 7.1
Wages (EUR/Month) 3470.00 3422 3515 3526 3440 3460
Wages in Manufacturing (Index Points) 102.00 103 104 104 104 106
Population (Million) 5.51 5.54 5.54 5.54 5.54 5.56
Retirement Age Women 63.00 63 63 63 63 63
Retirement Age Men 63.00 63 63 63 63 63
Wages Low Skilled (EUR/Month) 1980.00 1827 1818 1821 1827 1868
Wages High Skilled (EUR/Month) 4250.00 4000 3964 3963 4000 4074
Living Wage Family (EUR/Month) 1700.00 1748 1714 1708 1740 1740
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.20 1.6 1.7 1.8 1.8 2
Inflation Rate Mom (%) -0.10 0.4 0.3 0.5 0.6 0.3
Consumer Price Index CPI (Index Points) 102.70 103 104 104 105 107
Harmonised Consumer Prices (Index Points) 102.90 104 104 105 105 107
Core Consumer Prices (Index Points) 102.39 102 103 102 103 103
Producer Prices (Index Points) 2057.00 2055 2096 2106 2110 2161
Producer Prices Change (%) 4.70 2.7 2.5 2.3 2.6 2.4
CPI Housing Utilities (Index Points) 145.48 145 146 148 148 151
CPI Transportation (Index Points) 103.70 103 106 106 106 108
Food Inflation (%) 1.10 1.5 1.8 2.1 2.4 1.5
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Interbank Rate (%) -0.31 -0.31 -0.31 -0.26 -0.21 -0.21
Private Debt to GDP (%) 211.05 201 201 201 201 195
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) -60.00 -200 -240 -215 255 325
Current Account (EUR Million) 174.00 -420 -150 50 120 450
Current Account to GDP (%) -0.70 0.6 0.6 0.6 0.6 0.7
Imports (EUR Million) 5825.00 6020 5940 5409 5420 5780
Exports (EUR Million) 5765.00 5820 5700 5180 5100 5400
Terms of Trade (Index Points) 98.60 97.51 97.54 97.55 97.56 97.56
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 61.40 57.6 57.6 57.6 57.6 54.2
Government Budget (% of GDP) -0.60 0.6 0.6 0.6 0.6 1
Government Budget Value (EUR Million) -418.70 -176 -222 -231 -236 -235
Government Spending (EUR Million) 11193.00 11666 12169 11428 11361 11520
Government Spending to GDP (%) 53.70 52.9 52.9 53.7 52.9 52.5
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 51.60 51.6 51.6 51.6 51.6 51.6
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 32.53 32.53 32.53 32.53 32.53 32.53
Social Security Rate For Companies (%) 23.20 23.2 23.2 23.2 23.2 23.2
Social Security Rate For Employees (%) 9.33 9.33 9.33 9.33 9.33 9.33
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 3.20 16 15 14 13 11
Industrial Production (%) 1.60 3.5 3.3 3.6 3.4 1.8
Leading Economic Index (%) 1.84 2.4 3.14 2.3 2.3 2.1
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 16.10 18 17 16 15 11
Consumer Spending (EUR Million) 27301.00 27702 27751 27492 27711 28098
Bank Lending Rate (%) 0.25 0.25 0.25 0.3 0.35 0.35
Gasoline Prices (USD/Liter) 1.67 1.57 1.54 1.5 1.46 1.47


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.