Finland | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.2 0.3 0.2 0.4 0.6 percent [+]
Unemployment Rate 7.90 9.8 9.1 7.5 8.5 7.9 percent [+]
Inflation Rate 1.00 0.8 1 1.2 1.4 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -150.00 -276 -276 -176 -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 1.08 1.02 1.01 1 1.04 0.83 [+]
Stock Market 3684.66 3620 3580 3540 3510 2950 points [+]
Government Bond 10Y 0.52 0.37 0.37 0.37 0.39 0.43 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.2 0.3 0.2 0.4 0.6 percent [+]
GDP Annual Growth Rate 1.60 1.1 1 1.1 1.1 1.8 percent [+]
GDP 231.95 236 238 231 246 270 USD Billion [+]
GDP Constant Prices 47427.00 47933 48195 48453 48697 51028 EUR Million [+]
Gross National Product 47708.00 48054 48194 48296 48450 50653 EUR Million [+]
Gross Fixed Capital Formation 10027.00 9630 9685 9743 9798 10278 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 1194.00 1278 1276 1282 1288 1356 EUR Million [+]
GDP From Construction 2523.00 2531 2552 2545 2552 2555 EUR Million [+]
GDP From Manufacturing 7015.00 6827 6833 6836 6835 6838 EUR Million [+]
GDP From Public Administration 7774.00 7795 7796 7795 7795 7795 EUR Million [+]
GDP From Services 28298.00 27918 27886 27851 27826 27783 EUR Million [+]
GDP From Transport 2119.00 2237 2244 2247 2250 2293 EUR Million [+]
GDP From Utilities 1562.00 1505 1507 1509 1508 1508 EUR Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.90 9.8 9.1 7.5 8.5 7.9 percent [+]
Employed Persons 2421.00 2447 2454 2443 2444 2445 Thousand [+]
Unemployed Persons 207.00 222 222 222 222 222 Thousand [+]
Labor Force Participation Rate 63.90 66.34 66.35 66.27 66.26 66.27 percent [+]
Long Term Unemployment Rate 2.30 2.39 2.35 2.37 2.39 2.39 percent [+]
Youth Unemployment Rate 20.20 20.16 19.99 19.91 19.83 19.36 percent [+]
Labour Costs 112.74 113 113 113 113 113 Index Points [+]
Job Vacancies 30108.00 37600 36542 36252 36699 36581 [+]
Wages 3384.00 3403 3412 3417 3426 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 103.70 97.19 97.37 100 99.54 98.53 Index Points [+]
Part Time Employment 358.10 359 360 337 352 351 Thousand [+]
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 67.70 68.44 68.4 67.98 68.09 68.12 percent [+]
Full Time Employment 2048.80 1964 2045 2069 1981 1977 Thousand [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.00 0.8 1 1.2 1.4 2 percent [+]
Inflation Rate Mom 0.20 0.4 0.6 0.05 0.7 0.3 percent [+]
Harmonised Consumer Prices 101.10 101 101 101 101 101 Index Points [+]
Consumer Price Index CPI 101.80 101 101 101 101 103 Index Points [+]
Core Consumer Prices 101.57 101 101 101 101 101 Index Points [+]
Core Inflation Rate 1.10 0.96 0.96 0.96 0.96 0.96 percent [+]
GDP Deflator 112.96 114 115 115 116 117 Index Points [+]
Producer Prices 1910.00 2643 2765 2813 2832 2844 Index Points [+]
Producer Prices Change 2.40 -0.1 0.5 0.7 0.6 1.5 percent [+]
Export Prices 99.10 98.43 98.55 98.58 98.59 98.6 Index Points [+]
Import Prices 111.90 109 109 109 109 109 Index Points [+]
Food Inflation -0.60 -1.06 -1.13 -1.13 -1.14 -1.14 percent [+]
Cpi Transportation 102.60 99.44 99.71 99.35 99.34 99.41 Index Points [+]
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 -0.32 -0.32 -0.32 -0.32 -0.32 percent [+]
Money Supply M0 18713.35 19027 19237 19447 19657 22179 EUR Million [+]
Money Supply M1 114982.00 122736 125548 128420 131354 171934 EUR Million [+]
Money Supply M2 142228.00 145962 146625 147303 147997 157441 EUR Million [+]
Money Supply M3 158043.00 164302 165396 166483 167570 181063 EUR Million [+]
Foreign Exchange Reserves 9963.00 9955 9955 9955 9955 9955 EUR Million [+]
Banks Balance Sheet 126475.00 113976 110100 107331 105397 105531 EUR Million [+]
Loans to Private Sector 75767.00 75350 75389 75404 75408 75411 EUR Million [+]
Private Debt to GDP 213.68 217 217 218 218 224 percent [+]
Central Bank Balance Sheet 1180.85 1111 1100 1100 1101 1101 EUR Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -150.00 -276 -276 -176 -58.98 325 EUR Million [+]
Exports 4505.00 4342 4367 4369 4377 4375 EUR Million [+]
Imports 4655.00 4492 4495 4503 4503 4503 EUR Million [+]
Current Account 195.00 86.39 105 123 135 -20.99 EUR Million [+]
Current Account to GDP 0.00 0.2 0.2 0.35 0.52 0.74 percent [+]
External Debt 469347.00 477043 472591 475960 473558 475283 EUR Million [+]
Terms of Trade 90.00 90.15 90.14 90.14 90.14 90.14 Index Points [+]
Capital Flows -4719.00 -457 -466 -466 -466 -466 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 [+]
Weapons Sales 16.00 59.19 57.2 55.22 54.05 60.45 USD Million [+]
Terrorism Index 2.38 0.5 0.49 0.48 0.47 0.45 [+]
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 1115.50 -386 -381 -362 -355 -349 EUR Million [+]
Government Spending 10900.00 10838 11620 10856 11752 11638 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 102198.00 98010 97971 97976 97979 97978 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 275.00 751 771 778 780 781 persons [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 2.40 4.03 5.76 6.7 7.19 7.78 [+]
Industrial Production 3.70 1.5 1.7 0.1 1.2 1.5 percent [+]
Industrial Production Mom 0.00 0.06 0.02 0.02 0.02 0.02 percent [+]
Manufacturing Production 3.10 3.19 3.32 3.05 2.74 2.36 percent [+]
Capacity Utilization 80.60 81.41 83.92 83.99 82.68 82.73 percent [+]
New Orders 113.50 96.04 96.31 96.4 96.42 96.42 Index Points [+]
Changes in Inventories 396.00 -61.09 -179 -264 -174 -178 EUR Million [+]
Bankruptcies 557.00 690 606 606 606 603 Companies [+]
Car Registrations 8146.00 9244 9257 9258 9258 9258 Cars [+]
Leading Economic Index 1.60 1.94 1.95 1.96 1.96 1.96 percent [+]
Mining Production 25.30 6.64 6.94 6.96 6.96 6.96 percent [+]
Steel Production 296.20 363 362 363 363 363 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 11.71 11.68 11.65 11.63 11.77 [+]
Electricity Production 6600.00 6311 5140 5064 6042 5704 Gigawatt-hour [+]
Corruption Index 90.00 89.02 89.17 89.33 89.48 92.99 Points [+]
Corruption Rank 2.00 3.32 3.38 3.45 3.51 4.26 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 19.50 7.4 7.4 13.46 8.5 11 [+]
Retail Sales Mom 0.10 0.8 0.8 0.15 0.3 1 percent [+]
Retail Sales Yoy 3.40 1.73 1.84 1.96 2.03 2.06 percent [+]
Consumer Spending 26750.00 27019 27169 27318 27465 29258 EUR Million [+]
Personal Savings 0.00 0.53 0.48 0.48 0.47 0.48 percent [+]
Bank Lending Rate 0.35 0.45 0.45 0.45 0.45 0.45 percent [+]
Consumer Credit 14526.00 14837 14963 15085 15206 16568 EUR Million [+]
Gasoline Prices 1.52 1.56 1.56 1.56 1.56 1.56 USD/Liter [+]
Households Debt To Gdp 66.90 67.58 67.66 67.69 67.76 68.04 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. 1/24/2017