Markets Actual Q3 Q4 Q1 Q2 2023
Currency 1.04 1.03 1.02 1.01 1.01 0.99
Stock Market (points) 4523.52 4167 4021 3879 3879 3611
Government Bond 10Y (%) 1.68 2.27 2.49 2.74 2.74 3.32

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.20 -0.1 0.6 0.6 0.7 0.4
GDP Annual Growth Rate (%) 3.60 0.5 0.2 0.4 2 2.5
Unemployment Rate (%) 7.90 7 7.2 7.2 7.2 7.2
Inflation Rate (%) 7.00 7 6.4 4.4 3.8 3.4
Inflation Rate Mom (%) 1.30 -0.1 0.1 0.1 0.1 0.1
Interest Rate (%) 0.00 0.75 1.25 1.5 1.75 1.75
Balance of Trade (EUR Million) -900.00 -330 -330 -330 -330 -330
Current Account (EUR Million) -2286.00 80 70 70 70 70
Current Account to GDP (% of GDP) 0.30 1.3 1.3 1.3 1.3 1.2
Government Debt to GDP (% of GDP) 65.80 67 68 68 68 68
Government Budget (% of GDP) -2.60 -2.3 -2.3 -1.8 -1.8 -1.8
Business Confidence (points) 10.00 12.1 -8 -8 -8 -8
Consumer Confidence (points) -14.30 -1 -2.2 -2.2 -2.2 -1.8
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 2023
GDP Growth Rate (%) 0.20 -0.1 0.6 0.6 0.7 0.4
GDP Annual Growth Rate (%) 3.60 0.5 0.2 0.4 2 2.5
GDP (USD Billion) 269.75 255 266 266 266 266
GDP Constant Prices (EUR Million) 59013.00 58590 58570 58824 59249 60295
Gross National Product (EUR Million) 60662.00 60629 60741 58602 60905 60067
Gross Fixed Capital Formation (EUR Million) 14049.00 13327 12905 13534 14105 13872
GDP per capita (USD) 44773.20 47500 48300 48300 48300 48300
GDP per capita PPP (USD) 47260.80 47800 48300 48300 48300 48300
Full Year GDP Growth (%) -2.80 2.9 2.9 2.7 2.7 2.7
GDP From Agriculture (EUR Million) 1308.00 1388 1384 1353 1313 1387
GDP From Construction (EUR Million) 3223.00 2963 3002 3130 3236 3209
GDP From Manufacturing (EUR Million) 9104.00 8955 8935 8938 9140 9161
GDP From Public Administration (EUR Million) 9392.00 9571 9425 9262 9430 9494
GDP From Services (EUR Million) 35621.00 35752 35557 35731 35763 36625
GDP From Transport (EUR Million) 1925.00 1794 1885 1943 1933 1991
GDP From Utilities (EUR Million) 1476.00 1507 1536 1593 1482 1633

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 7.90 7 7.2 7.2 7.2 7.2
Youth Unemployment Rate (%) 16.90 17.8 17 17.2 17.2 17.2
Wages (EUR/Month) 3692.00 3711 3727 3769 3784 3822
Wages in Manufacturing (points) 109.60 110 110 111 113 115
Population (Million) 5.53 5.56 5.56 5.56 5.56 5.58
Retirement Age Women 63.75 64 64.25 64.25 64.25 64.25
Retirement Age Men 63.75 64 64.25 64.25 64.25 64.25
Wage Growth (%) 5.20 2.5 3 3 3 3

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 7.00 7 6.4 4.4 3.8 3.4
Inflation Rate Mom (%) 1.30 -0.1 0.1 0.1 0.1 0.1
Consumer Price Index CPI (points) 112.76 114 114 114 116 118
Harmonised Consumer Prices (points) 113.40 108 108 108 108 108
Core Consumer Prices (points) 108.31 105 105 106 107 106
Producer Prices (points) 138.80 119 124 127 137 129
Producer Prices Change (%) 31.70 3 1 1 1 1
Food Inflation (%) 9.04 2 2 2 2 1.6
CPI Housing Utilities (points) 162.39 163 165 165 169 171
CPI Transportation (points) 122.70 123 122 123 123 123

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 0.00 0.75 1.25 1.5 1.75 1.75
Interbank Rate (%) -0.19 0.56 1.06 1.31 1.56 1.56
Private Debt to GDP (%) 232.70 230 225 225 225 225

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (EUR Million) -900.00 -330 -330 -330 -330 -330
Current Account (EUR Million) -2286.00 80 70 70 70 70
Current Account to GDP (% of GDP) 0.30 1.3 1.3 1.3 1.3 1.2
Imports (EUR Million) 7500.00 5610 5610 5610 5610 5610
Exports (EUR Million) 6600.00 5280 5280 5280 5280 5280
Tourist Arrivals 104190.00 260000 300000 300000 300000 300000

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 65.80 67 68 68 68 68
Government Budget (% of GDP) -2.60 -2.3 -2.3 -1.8 -1.8 -1.8
Government Budget Value (EUR Million) 385.30 -235 -235 -235 -235 -235
Government Spending (EUR Million) 13783.00 14373 13384 14836 13838 15207
Government Spending to GDP (% of GDP) 56.70 55 52 52 52 52

Taxes Actual Q3 Q4 Q1 Q2 2023
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 2023
Business Confidence (points) 10.00 12.1 -8 -8 -8 -8
Industrial Production (%) 7.30 2.3 2.5 2.5 2.5 1.9

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) -14.30 -1 -2.2 -2.2 -2.2 -1.8
Consumer Spending (EUR Million) 30413.00 30133 30279 30610 30535 31375
Bank Lending Rate (%) 4.61 4.61 5.36 5.86 6.11 6.11
Gasoline Prices (USD/Liter) 2.65 2.79 2.89 2.99 3.1 3.1
Consumer Credit (EUR Million) 16791.00 16879 16645 16828 16813 17248


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Finland Forecast - was last updated on Friday, July 1, 2022.