Finland | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.40 0.3 0.2 0.3 0.2 0.5 percent [+]
Unemployment Rate 8.10 9 9.9 9.2 7.5 8.1 percent [+]
Inflation Rate 0.50 0.5 0.6 0.8 0.9 1.7 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -70.00 -200 -276 -276 -171 325 EUR Million [+]
Government Debt to GDP 63.10 63.6 63.6 63.6 62.32 68 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.07 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 3462.25 3390 3350 3320 3280 2740 points [+]
Government Bond 10Y 0.45 0.49 0.5 0.5 0.51 0.59 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.40 0.3 0.2 0.3 0.2 0.5 percent [+]
GDP Annual Growth Rate 1.60 0.8 0.7 0.8 0.9 1.5 percent [+]
GDP 229.81 235 236 238 228 270 USD Billion [+]
GDP Constant Prices 46977.00 47689 47931 48191 48449 51011 EUR Million [+]
Gross National Product 48195.00 47892 47973 48119 48235 50658 EUR Million [+]
Gross Fixed Capital Formation 10286.00 9584 9629 9684 9741 10273 EUR Million [+]
GDP per capita 45288.63 45717 45829 45941 46052 47729 USD [+]
GDP per capita PPP 38642.81 38934 39040 39146 39253 40863 USD [+]
GDP From Agriculture 1217.00 1264 1280 1278 1284 1360 EUR Million [+]
GDP From Construction 2501.00 2544 2531 2552 2545 2555 EUR Million [+]
GDP From Manufacturing 6815.00 6835 6827 6833 6836 6838 EUR Million [+]
GDP From Public Administration 7811.00 7796 7795 7796 7795 7795 EUR Million [+]
GDP From Services 28072.00 27993 27918 27886 27851 27783 EUR Million [+]
GDP From Transport 2064.00 2247 2241 2248 2251 2298 EUR Million [+]
GDP From Utilities 1512.00 1509 1505 1507 1509 1508 EUR Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 8.10 9 9.9 9.2 7.5 8.1 percent [+]
Employed Persons 2446.00 2448 2449 2449 2450 2450 Thousand [+]
Unemployed Persons 217.00 225 227 227 227 227 Thousand [+]
Labor Force Participation Rate 64.80 65.62 66.34 66.35 66.27 66.27 percent [+]
Long Term Unemployment Rate 2.30 2.39 2.39 2.35 2.37 2.39 percent [+]
Youth Unemployment Rate 20.10 20.22 20.16 19.99 19.91 19.36 percent [+]
Labour Costs 112.30 113 113 113 113 113 Index Points [+]
Job Vacancies 33460.00 35625 37600 36542 36252 36581 [+]
Wages 3384.00 3394 3403 3412 3417 3501 EUR/Month [+]
Wages in Manufacturing 112.20 110 112 110 112 112 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 1950.00 1946 1949 1947 1949 1948 EUR/Month [+]
Living Wage Individual 1200.00 1181 1188 1185 1186 1186 EUR/Month [+]
Productivity 98.00 100 97.19 97.37 100 98.53 Index Points [+]
Part Time Employment 358.10 352 359 360 337 351 Thousand [+]
Wages Low Skilled 1990.00 1929 1922 1920 1919 1918 EUR/Month [+]
Wages High Skilled 3390.00 3350 3340 3333 3329 3321 EUR/Month [+]
Employment Change 0.00 0.09 0.06 0.07 0.05 0 percent [+]
Employment Rate 66.80 66.62 68.44 68.4 67.98 68.12 percent [+]
Full Time Employment 2048.80 1985 1964 2045 2069 1977 Thousand [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.50 0.5 0.6 0.8 0.9 1.7 percent [+]
Inflation Rate Mom 0.20 0.5 0.4 0.6 0.06 0.3 percent [+]
Harmonised Consumer Prices 100.80 101 101 101 101 101 Index Points [+]
Consumer Price Index CPI 100.80 101 101 101 101 103 Index Points [+]
Core Consumer Prices 101.50 101 101 101 101 101 Index Points [+]
Core Inflation Rate 0.90 0.96 0.92 0.92 0.91 0.91 percent [+]
GDP Deflator 113.54 114 114 115 115 117 Index Points [+]
Producer Prices 1882.00 1894 1905 1911 1915 1923 Index Points [+]
Producer Prices Change -0.30 -0.5 -0.1 0.5 0.7 1.5 percent [+]
Export Prices 97.30 97.7 97.96 98.04 98.06 98.07 Index Points [+]
Import Prices 107.70 109 109 109 109 109 Index Points [+]
Food Inflation -1.30 -1.27 -1.39 -1.48 -1.5 -1.52 percent [+]
Cpi Transportation 101.40 101 101 101 101 101 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 percent [+]
Money Supply M0 18601.19 18817 19027 19237 19447 22179 EUR Million [+]
Money Supply M1 115317.00 119896 122583 125329 128133 170625 EUR Million [+]
Money Supply M2 143606.00 145354 146055 146744 147444 157705 EUR Million [+]
Money Supply M3 162204.00 163194 164302 165396 166483 181063 EUR Million [+]
Foreign Exchange Reserves 9962.00 9961 9955 9955 9955 9955 EUR Million [+]
Banks Balance Sheet 123499.00 119318 113976 110100 107331 105531 EUR Million [+]
Loans to Private Sector 74923.00 75232 75350 75389 75404 75411 EUR Million [+]
Private Debt to GDP 213.68 217 217 218 218 224 percent [+]
Central Bank Balance Sheet 1166.84 1149 1111 1100 1100 1101 EUR Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -70.00 -200 -276 -276 -171 325 EUR Million [+]
Exports 4530.00 4423 4342 4367 4369 4375 EUR Million [+]
Imports 4600.00 4486 4492 4495 4503 4503 EUR Million [+]
Current Account -167.00 86.39 105 123 135 -20.99 EUR Million [+]
Current Account to GDP 0.00 0.2 0.2 0.2 0.8 0.74 percent [+]
External Debt 469347.00 468452 477043 472591 475960 475283 EUR Million [+]
Terms of Trade 90.30 90.23 90.15 90.14 90.14 90.14 Index Points [+]
Capital Flows 267.00 -363 -457 -466 -466 -466 EUR Million [+]
Foreign Direct Investment 77342.00 80188 80900 81611 82323 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 [+]
Weapons Sales 16.00 59.19 57.2 55.22 54.05 60.45 USD Million [+]
Terrorism Index 2.38 0.47 0.34 0.22 0.09 0.45 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 63.10 63.6 63.6 63.6 62.32 68 percent [+]
Government Budget -2.70 -2.4 -2.4 -2.4 -2.64 -0.9 percent of GDP [+]
Government Budget Value -757.70 -452 -386 -381 -362 -349 EUR Million [+]
Government Spending 11583.00 11831 10838 11620 10856 11638 EUR Million [+]
Government Spending to GDP 58.30 57.98 57.82 57.65 57.49 55.29 percent [+]
Government Revenues 3881.11 3926 4063 4067 4064 4064 EUR Million [+]
Government Debt 97876.00 97880 98010 97971 97976 97978 EUR Million [+]
Fiscal Expenditure 4638.83 4433 4422 4441 4439 4438 EUR Million [+]
Military Expenditure 3563.00 3590 3590 3590 3597 3630 USD Million [+]
Asylum Applications 460.00 940 962 964 966 966 persons [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence -4.00 -2.12 -1.05 -0.3 0.07 0.51 [+]
Industrial Production 3.50 1.1 1.5 1.7 0.29 1.5 percent [+]
Industrial Production Mom 2.70 0.33 0.06 0.02 0.01 0.02 percent [+]
Manufacturing Production 5.30 4.9 3.37 3.46 3 2.37 percent [+]
Capacity Utilization 80.60 73.01 81.41 83.92 83.99 82.73 percent [+]
New Orders 94.40 94.78 95.34 95.61 95.69 95.71 Index Points [+]
Changes in Inventories -92.00 -221 -61.09 -179 -264 -178 EUR Million [+]
Bankruptcies 557.00 591 690 606 606 603 Companies [+]
Car Registrations 9162.00 9239 9244 9257 9258 9258 Cars [+]
Leading Economic Index 1.50 1.36 1.34 1.33 1.33 1.34 percent [+]
Mining Production -37.70 2.87 6.98 7.11 7.11 7.11 percent [+]
Steel Production 380.20 368 363 362 363 363 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 11.74 11.68 11.65 11.63 11.77 [+]
Electricity Production 4696.00 6239 6311 5140 5064 5704 Gigawatt-hour [+]
Corruption Index 90.00 89.46 89.66 89.86 90.05 92.87 Points [+]
Corruption Rank 2.00 3.5 3.56 3.61 3.67 4.25 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 17.60 9.8 7.4 7.4 12.02 11 [+]
Retail Sales Mom 1.10 0.6 0.8 0.8 0.09 1 percent [+]
Retail Sales Yoy 3.30 1.75 1.47 1.56 1.61 1.66 percent [+]
Consumer Spending 26617.00 26861 27016 27164 27312 29222 EUR Million [+]
Personal Savings 0.00 0.3 0.53 0.48 0.48 0.48 percent [+]
Bank Lending Rate 0.45 0.45 0.45 0.45 0.45 0.45 percent [+]
Consumer Credit 14534.00 14700 14837 14963 15085 16568 EUR Million [+]
Gasoline Prices 1.55 1.56 1.56 1.56 1.56 1.56 USD/Liter [+]
Households Debt To Gdp 67.30 67.59 67.58 67.66 67.69 68.04 percent of GDP [+]
Households Debt To Income 112.62 115 116 116 117 122 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output 7.30 6.39 6.76 6.38 6.47 6.47 percent [+]
Housing Index 107.76 108 108 109 109 110 Index points [+]
Building Permits 3103.00 2983 3032 3021 3026 3029 [+]
Housing Starts 4468.00 2705 2648 2899 2828 2825 [+]
Home Ownership Rate 72.70 72.58 72.56 72.53 72.5 72.16 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/4/2016