Finland | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.00 0.3 0.2 0.4 0.4 0.6 percent [+]
Unemployment Rate 9.20 9.1 7.4 7.8 9.9 7.1 percent [+]
Inflation Rate 0.80 1.7 2 2.2 2.1 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -280.00 -276 -298 -58.98 -300 325 EUR Million [+]
Government Debt to GDP 63.60 63.6 63.31 64.54 63.51 68 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1.09 1.06 1.05 1.04 1.03 0.86 [+]
Stock Market 3889.67 3760 3720 3600 3640 3040 points [+]
Government Bond 10Y 0.40 0.45 0.46 0.46 0.47 0.54 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.00 0.3 0.2 0.4 0.4 0.6 percent [+]
GDP Annual Growth Rate 1.30 1.2 1.4 1.2 1.3 1.8 percent [+]
GDP 231.95 238 233 246 227 270 USD Billion [+]
GDP Constant Prices 47636.00 47708 47717 47726 47737 47749 EUR Million [+]
Gross National Product 48399.00 48455 48917 48899 48889 49275 EUR Million [+]
Gross Fixed Capital Formation 10619.00 10753 10865 10836 10877 10893 EUR Million [+]
GDP per capita 45132.79 44965 45023 45080 45048 44833 USD [+]
GDP per capita PPP 38509.84 38335 38378 38421 38383 38123 USD [+]
GDP From Agriculture 1225.00 1212 1210 1204 1203 1204 EUR Million [+]
GDP From Construction 2667.00 2691 2689 2684 2692 2678 EUR Million [+]
GDP From Manufacturing 6891.00 6885 6861 6858 6858 6863 EUR Million [+]
GDP From Public Administration 7758.00 7743 7737 7733 7730 7723 EUR Million [+]
GDP From Services 28573.00 28702 28726 28755 28764 28760 EUR Million [+]
GDP From Transport 2178.00 2190 2194 2194 2191 2185 EUR Million [+]
GDP From Utilities 1559.00 1545 1542 1544 1548 1546 EUR Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 9.20 9.1 7.4 7.8 9.9 7.1 percent [+]
Employed Persons 2390.00 2448 2436 2431 2435 2435 Thousand [+]
Unemployed Persons 242.00 232 232 232 232 232 Thousand [+]
Labor Force Participation Rate 64.10 66.23 66.42 66.27 66.22 66.24 percent [+]
Long Term Unemployment Rate 2.10 2.09 2 2.02 2.01 1.91 percent [+]
Youth Unemployment Rate 20.20 19.83 19.64 19.49 19.39 19.1 percent [+]
Labour Costs 111.08 111 111 111 111 111 Index Points [+]
Job Vacancies 63839.00 37262 38651 44597 42024 41925 [+]
Wages 3392.00 3410 3415 3422 3430 3493 EUR/Month [+]
Wages in Manufacturing 112.60 113 113 113 113 113 Index Points [+]
Population 5.49 5.5 5.49 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 1507 1509 1508 1508 1508 EUR/Month [+]
Living Wage Individual 1216.40 1208 1206 1206 1205 1205 EUR/Month [+]
Part Time Employment 363.40 365 351 365 369 364 Thousand [+]
Productivity 104.60 99.5 104 105 101 105 Index Points [+]
Wages Low Skilled 1990.00 1920 1919 1918 1918 1918 EUR/Month [+]
Wages High Skilled 3390.00 3333 3329 3326 3325 3321 EUR/Month [+]
Employment Change 0.10 0.12 0.09 0.09 0.08 0.01 percent [+]
Employment Rate 67.30 68.52 68.22 68.17 68.25 68.23 percent [+]
Full Time Employment 1992.00 2050 2076 1991 1972 1990 Thousand [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 0.80 1.7 2 2.2 2.1 2 percent [+]
Inflation Rate Mom 0.00 0.6 0.05 0.7 0.05 0.3 percent [+]
Harmonised Consumer Prices 101.10 101 101 101 101 101 Index Points [+]
Consumer Price Index CPI 100.90 101 101 101 102 103 Index Points [+]
Core Consumer Prices 101.51 101 101 101 101 101 Index Points [+]
Core Inflation Rate 0.50 0.5 0.47 0.47 0.47 0.47 percent [+]
GDP Deflator 112.96 113 113 113 114 114 Index Points [+]
Producer Prices 1934.00 2210 2560 2750 2970 4200 Index Points [+]
Producer Prices Change 4.80 6.7 5.9 4.2 3.6 2.4 percent [+]
Export Prices 100.50 101 101 101 101 101 Index Points [+]
Import Prices 116.10 117 117 117 117 117 Index Points [+]
Cpi Transportation 102.20 103 102 103 103 103 Index Points [+]
Food Inflation -1.70 -1.5 -1.7 -1.71 -1.73 -1.74 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.34 -0.33 -0.33 -0.33 -0.33 -0.33 percent [+]
Money Supply M0 18843.45 19146 19331 19508 19685 21507 EUR Million [+]
Money Supply M1 115986.00 119857 121692 123512 125322 144753 EUR Million [+]
Money Supply M2 142767.00 145489 146671 147819 148950 160749 EUR Million [+]
Money Supply M3 157126.00 157665 157767 157781 157804 157809 EUR Million [+]
Foreign Exchange Reserves 9860.00 9856 9862 9861 9861 9861 EUR Million [+]
Banks Balance Sheet 115718.00 100127 102718 103104 104076 104713 EUR Million [+]
Loans to Private Sector 76584.00 77110 77231 77269 77285 77293 EUR Million [+]
Private Debt to GDP 213.68 214 216 217 217 224 percent [+]
Central Bank Balance Sheet 821.55 898 989 1026 1034 1034 EUR Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -280.00 -276 -298 -58.98 -300 325 EUR Million [+]
Exports 4285.00 4499 4418 4454 4428 4438 EUR Million [+]
Imports 4565.00 4874 4781 4792 4783 4788 EUR Million [+]
Current Account -69.00 -132 -128 -127 -127 -127 EUR Million [+]
Current Account to GDP 0.00 0.2 0.35 0.52 0.61 0.74 percent [+]
External Debt 465788.00 458764 461496 458690 460663 458994 EUR Million [+]
Terms of Trade 86.90 86.48 86.45 86.45 86.45 86.45 Index Points [+]
Capital Flows -1927.00 -345 -182 -137 -127 -125 EUR Million [+]
Foreign Direct Investment 74154.00 78141 77739 77337 78133 90070 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 0.49 0.48 0.47 0.34 0.45 [+]
Weapons Sales 16.00 59.19 57.2 55.22 54.05 60.45 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 63.60 63.6 63.31 64.54 63.51 68 percent [+]
Government Budget -1.90 -2.4 -2.07 -2.7 -1.96 -0.9 percent of GDP [+]
Government Budget Value -339.80 -755 -533 -424 -396 -368 EUR Million [+]
Government Spending 11872.00 11578 10908 11775 10948 11640 EUR Million [+]
Government Spending to GDP 56.10 55.61 55.55 55.49 55.33 53.68 percent [+]
Government Revenues 5487.15 4220 4267 4272 4271 4270 EUR Million [+]
Government Debt 103472.00 102935 102786 102889 102851 102861 EUR Million [+]
Fiscal Expenditure 4371.63 4437 4435 4434 4434 4434 EUR Million [+]
Military Expenditure 3563.00 3590 3590 3590 3597 3630 USD Million [+]
Asylum Applications 235.00 725 743 750 752 753 persons [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 3.90 5.32 6.25 6.72 6.97 7.27 [+]
Industrial Production -0.10 1.7 0.31 1.2 0.33 1.5 percent [+]
Industrial Production Mom -0.40 0 0 0 0 0 percent [+]
Manufacturing Production 0.70 1.38 1.17 1.33 1.21 1.26 percent [+]
Capacity Utilization 81.00 83.44 83.41 82.14 82.92 82.3 percent [+]
New Orders 103.50 103 103 103 103 103 Index Points [+]
Changes in Inventories 155.00 200 353 187 334 238 EUR Million [+]
Bankruptcies 447.00 438 404 377 346 256 Companies [+]
Car Registrations 11202.00 10570 10522 10570 10564 10563 Cars [+]
Leading Economic Index 2.97 3.01 2.94 2.92 2.94 2.94 percent [+]
Mining Production 5.80 7.68 7.89 7.87 7.87 7.86 percent [+]
Steel Production 319.90 331 324 329 329 329 Thousand Tonnes [+]
Competitiveness Index 5.44 5.43 5.43 5.43 5.5 5.51 Points [+]
Competitiveness Rank 10.00 10 10 10 11 11 [+]
Ease of Doing Business 13.00 13 13 13 13 13 [+]
Electricity Production 6821.00 4807 5361 6401 5988 5892 Gigawatt-hour [+]
Corruption Index 89.00 89 89 89 89 89 Points [+]
Corruption Rank 3.00 3 3 3 3 3 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 22.90 7.4 17.33 8.5 14.08 11 [+]
Retail Sales Mom 0.70 0.8 0.15 0.3 0.13 1 percent [+]
Retail Sales Yoy 1.00 1.44 1.69 1.67 1.63 1.58 percent [+]
Consumer Spending 26811.00 27040 27138 27250 27354 28541 EUR Million [+]
Personal Savings -1.80 -1.21 -1.23 -1.27 -1.29 -1.27 percent [+]
Bank Lending Rate 0.35 0.27 0.26 0.25 0.25 0.25 percent [+]
Consumer Credit 14559.00 14662 14749 14837 14924 15839 EUR Million [+]
Gasoline Prices 1.54 1.53 1.53 1.53 1.53 1.53 USD/Liter [+]
Households Debt To Gdp 67.60 68.34 68.54 68.75 68.91 70.13 percent of GDP [+]
Households Debt To Income 112.62 113 114 115 116 122 percent [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Construction Output 17.80 13 13.16 13.18 13.18 13.19 percent [+]
Housing Index 107.44 108 108 108 108 108 Index points [+]
Building Permits 3121.00 3104 3124 3114 3113 3115 [+]
Housing Starts 4094.00 2907 2860 2831 2847 2845 [+]
Home Ownership Rate 71.60 72.51 72.4 72.28 72.2 71.72 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 20.00 19.6 19.6 19.6 19.57 19.53 percent [+]
Personal Income Tax Rate 51.60 51.45 51.13 50.82 50.85 50.33 percent [+]
Sales Tax Rate 24.00 24 24 24 24 24 percent [+]
Social Security Rate 30.19 29.81 29.26 28.71 28.5 28.83 percent [+]
Social Security Rate For Companies 21.22 21.2 20.68 20.17 20.13 20.02 percent [+]
Social Security Rate For Employees 8.97 9.69 9.78 9.88 10.08 11.48 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. 4/25/2017