Finland | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.00 0.2 0.3 0.2 0.4 0.6 percent [+]
Unemployment Rate 9.20 10.1 9.1 7.4 7.8 7.1 percent [+]
Inflation Rate 1.20 0.8 1 1.2 1.4 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -455.00 -276 -276 -287 -58.98 325 EUR Million [+]
Government Debt to GDP 63.10 63.6 63.6 63.33 64.54 68 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.09 1.04 1.03 1.02 1.01 0.84 [+]
Stock Market 3759.15 3720 3680 3640 3570 3000 points [+]
Government Bond 10Y 0.51 0.35 0.36 0.36 0.36 0.42 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.00 0.2 0.3 0.2 0.4 0.6 percent [+]
GDP Annual Growth Rate 1.30 1.1 1 1.1 1.1 1.8 percent [+]
GDP 231.95 236 238 231 246 270 USD Billion [+]
GDP Constant Prices 47636.00 47655 47708 47717 47726 47749 EUR Million [+]
Gross National Product 48399.00 48657 48455 48917 48899 49275 EUR Million [+]
Gross Fixed Capital Formation 10619.00 10723 10753 10865 10836 10893 EUR Million [+]
GDP per capita 45132.79 45342 45467 45592 45717 47729 USD [+]
GDP per capita PPP 38509.84 38614 38684 38755 38825 40782 USD [+]
GDP From Agriculture 1225.00 1212 1212 1210 1204 1204 EUR Million [+]
GDP From Construction 2667.00 2666 2691 2689 2684 2678 EUR Million [+]
GDP From Manufacturing 6891.00 6885 6885 6861 6858 6863 EUR Million [+]
GDP From Public Administration 7758.00 7752 7743 7737 7733 7723 EUR Million [+]
GDP From Services 28573.00 28663 28702 28726 28755 28760 EUR Million [+]
GDP From Transport 2178.00 2188 2190 2194 2194 2185 EUR Million [+]
GDP From Utilities 1559.00 1544 1545 1542 1544 1546 EUR Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 9.20 10.1 9.1 7.4 7.8 7.1 percent [+]
Employed Persons 2390.00 2416 2448 2436 2431 2435 Thousand [+]
Unemployed Persons 242.00 237 232 232 232 232 Thousand [+]
Labor Force Participation Rate 64.10 64.66 66.23 66.42 66.27 66.24 percent [+]
Long Term Unemployment Rate 2.10 2.14 2.09 2 2.02 1.91 percent [+]
Youth Unemployment Rate 22.80 23.26 24.54 25.64 26.59 31.55 percent [+]
Labour Costs 111.08 111 111 111 111 111 Index Points [+]
Job Vacancies 63839.00 58885 37262 38651 44597 41925 [+]
Wages 3392.00 3401 3410 3415 3422 3493 EUR/Month [+]
Wages in Manufacturing 112.60 113 113 113 113 113 Index Points [+]
Population 5.49 5.5 5.5 5.49 5.49 5.5 Million [+]
Retirement Age Women 65.00 65 65 65 65 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Living Wage Family 1456.00 1518 1507 1509 1508 1508 EUR/Month [+]
Living Wage Individual 1216.40 1211 1208 1206 1206 1205 EUR/Month [+]
Part Time Employment 344.10 365 364 349 361 360 Thousand [+]
Productivity 104.60 99.73 99.5 104 105 105 Index Points [+]
Wages Low Skilled 1990.00 1922 1920 1919 1918 1918 EUR/Month [+]
Wages High Skilled 3390.00 3340 3333 3329 3326 3321 EUR/Month [+]
Employment Change 0.30 0.13 0.15 0.11 0.1 0.01 percent [+]
Employment Rate 67.30 68.13 68.52 68.22 68.17 68.23 percent [+]
Full Time Employment 2079.70 1966 2046 2072 1984 1981 Thousand [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.20 0.8 1 1.2 1.4 2 percent [+]
Inflation Rate Mom 0.50 0.4 0.6 0.06 0.7 0.3 percent [+]
Harmonised Consumer Prices 101.10 101 101 101 101 101 Index Points [+]
Consumer Price Index CPI 100.90 101 101 101 101 103 Index Points [+]
Core Consumer Prices 100.63 101 101 101 101 101 Index Points [+]
Core Inflation Rate 0.80 0.85 0.81 0.8 0.8 0.8 percent [+]
GDP Deflator 112.96 113 113 113 113 114 Index Points [+]
Producer Prices 1934.00 1960 2210 2560 2750 4200 Index Points [+]
Producer Prices Change 5.30 2.2 2.6 2.8 2.7 2.4 percent [+]
Export Prices 100.50 101 101 102 102 102 Index Points [+]
Import Prices 115.60 116 117 117 117 117 Index Points [+]
Cpi Transportation 102.50 98.76 101 99.18 100 99.85 Index Points [+]
Food Inflation -0.50 -0.9 -0.59 -0.61 -0.56 -0.53 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.33 -0.33 -0.33 -0.33 -0.33 -0.33 percent [+]
Money Supply M0 18811.91 18968 19170 19358 19537 21562 EUR Million [+]
Money Supply M1 119904.00 120697 122889 125000 127090 151615 EUR Million [+]
Money Supply M2 146457.00 146997 148452 149873 151281 167581 EUR Million [+]
Money Supply M3 161466.00 161694 161931 162034 162052 162061 EUR Million [+]
Foreign Exchange Reserves 10083.00 10090 10079 10077 10077 10077 EUR Million [+]
Banks Balance Sheet 115718.00 99870 100127 102718 103104 104713 EUR Million [+]
Loans to Private Sector 76114.00 76276 76366 76403 76413 76420 EUR Million [+]
Private Debt to GDP 213.68 217 217 218 218 224 percent [+]
Central Bank Balance Sheet 1317.10 1287 1235 1203 1195 1197 EUR Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -455.00 -276 -276 -287 -58.98 325 EUR Million [+]
Exports 4560.00 4515 4527 4526 4524 4523 EUR Million [+]
Imports 5015.00 4879 4915 4889 4894 4893 EUR Million [+]
Current Account 22.00 -157 -111 -110 -110 -110 EUR Million [+]
Current Account to GDP 0.00 0.2 0.2 0.35 0.52 0.74 percent [+]
External Debt 465788.00 465028 458764 461496 458690 458994 EUR Million [+]
Terms of Trade 86.90 86.72 86.48 86.45 86.45 86.45 Index Points [+]
Capital Flows 11842.00 -1016 -610 -266 -172 -149 EUR Million [+]
Foreign Direct Investment 77342.00 70446 73693 76941 80188 94418 EUR Million [+]
Remittances 5.00 5 5 5 5 5 EUR Million [+]
Gold Reserves 49.14 49.14 49.14 49.14 49.14 49.14 Tonnes [+]
Terrorism Index 2.38 0.5 0.49 0.48 0.47 0.45 [+]
Weapons Sales 16.00 59.19 57.2 55.22 54.05 60.45 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 63.10 63.6 63.6 63.33 64.54 68 percent [+]
Government Budget -2.70 -2.4 -2.4 -2.79 -2.7 -0.9 percent of GDP [+]
Government Budget Value -3126.40 -1217 -795 -611 -499 -459 EUR Million [+]
Government Spending 11872.00 10932 11578 10908 11775 11640 EUR Million [+]
Government Spending to GDP 58.30 57.95 57.96 57.97 57.98 55.29 percent [+]
Government Revenues 5487.15 4063 4067 4064 4064 4064 EUR Million [+]
Government Debt 102352.00 100956 101214 101277 101228 101245 EUR Million [+]
Fiscal Expenditure 4371.63 4422 4441 4439 4439 4438 EUR Million [+]
Military Expenditure 3563.00 3590 3590 3590 3597 3630 USD Million [+]
Asylum Applications 270.00 661 743 753 758 759 persons [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 1.50 2.86 4.18 4.87 5.22 5.62 [+]
Industrial Production 0.00 1.5 1.7 0.19 1.2 1.5 percent [+]
Industrial Production Mom -0.90 -0.16 0 0 0 0 percent [+]
Manufacturing Production 0.90 0.72 0.77 0.76 0.78 0.77 percent [+]
Capacity Utilization 81.00 81.34 83.44 83.41 82.14 82.3 percent [+]
New Orders 100.60 103 103 103 104 104 Index Points [+]
Changes in Inventories 155.00 347 200 353 187 238 EUR Million [+]
Bankruptcies 513.00 690 606 606 606 603 Companies [+]
Car Registrations 9164.00 9834 10036 10048 10059 10051 Cars [+]
Leading Economic Index 2.44 2.27 2.14 2.11 2.1 2.1 percent [+]
Mining Production 27.90 10.28 8.45 7.85 7.75 7.74 percent [+]
Steel Production 319.90 333 331 324 329 329 Thousand Tonnes [+]
Competitiveness Index 5.44 5.43 5.43 5.43 5.43 5.44 Points [+]
Competitiveness Rank 10.00 8.37 8.37 10.44 11.14 14.82 [+]
Ease of Doing Business 13.00 11.71 11.68 11.65 11.63 11.77 [+]
Electricity Production 6821.00 5978 4807 5361 6401 5892 Gigawatt-hour [+]
Corruption Index 89.00 90 89 89 89 89 Points [+]
Corruption Rank 3.00 3.32 3.38 3.45 3.51 4.26 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 22.90 20.4 7.4 17.33 8.5 11 [+]
Retail Sales Mom 4.40 0.8 0.8 0.02 0.3 1 percent [+]
Retail Sales Yoy 2.00 0.38 1.2 1.53 1.65 1.65 percent [+]
Consumer Spending 26811.00 26946 27040 27138 27250 28541 EUR Million [+]
Personal Savings -0.80 -0.25 -0.06 -0.15 -0.17 -0.15 percent [+]
Bank Lending Rate 0.35 0.45 0.45 0.45 0.45 0.45 percent [+]
Consumer Credit 14542.00 14585 14665 14753 14841 15847 EUR Million [+]
Gasoline Prices 1.55 1.53 1.52 1.53 1.53 1.53 USD/Liter [+]
Households Debt To Gdp 67.60 68.03 68.34 68.54 68.75 70.13 percent of GDP [+]
Households Debt To Income 112.62 113 113 114 115 122 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output 8.10 7.65 7.49 7.57 7.57 7.57 percent [+]
Housing Index 107.67 108 109 109 109 110 Index points [+]
Building Permits 3121.00 3062 3104 3124 3114 3115 [+]
Housing Starts 4094.00 2609 2907 2860 2831 2845 [+]
Home Ownership Rate 72.70 72.88 72.78 72.68 72.58 72.16 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 20.00 20 20 20 20 20 percent [+]
Personal Income Tax Rate 51.60 51.6 51.6 51.6 51.6 51.6 percent [+]
Sales Tax Rate 24.00 24 24 24 24 24 percent [+]
Social Security Rate 30.19 30.19 30.19 30.19 30.19 30.19 percent [+]
Social Security Rate For Companies 21.22 21.22 21.22 21.22 21.22 21.22 percent [+]
Social Security Rate For Employees 8.97 8.97 8.97 8.97 8.97 8.97 percent [+]





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. 3/28/2017