Finland | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.50 0.2 0.3 0.2 0.4 0.6 percent [+]
Unemployment Rate 9.20 9.8 9.1 7.5 8.5 7.9 percent [+]
Inflation Rate 0.80 0.8 1 1.2 1.4 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -530.00 -276 -276 -255 -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 1.06 1.02 1.01 1 1.04 0.83 [+]
Stock Market 3716.96 3620 3580 3540 3510 2950 points [+]
Government Bond 10Y 0.36 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 -0.50 0.2 0.3 0.2 0.4 0.6 percent [+]
GDP Annual Growth Rate 0.20 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 9.20 9.8 9.1 7.5 8.5 7.9 percent [+]
Employed Persons 2391.00 2414 2447 2436 2431 2434 Thousand [+]
Unemployed Persons 242.00 235 232 231 231 231 Thousand [+]
Labor Force Participation Rate 64.10 65.33 66.39 66.37 66.25 66.24 percent [+]
Long Term Unemployment Rate 2.10 2.14 2.09 2 2.02 1.91 percent [+]
Youth Unemployment Rate 23.50 29.46 36.51 41.79 45.74 57.15 percent [+]
Labour Costs 112.74 113 113 113 113 113 Index Points [+]
Job Vacancies 52348.00 52487 36390 38525 42736 40614 [+]
Wages 3384.00 3403 3412 3417 3426 3501 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 [+]
Productivity 103.70 97.19 97.37 100 99.54 98.53 Index Points [+]
Part Time Employment 344.10 365 364 349 361 360 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 67.00 67.75 68.39 68.15 68.05 68.12 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 0.80 0.8 1 1.2 1.4 2 percent [+]
Inflation Rate Mom -0.60 0.4 0.6 -0.02 0.7 0.3 percent [+]
Harmonised Consumer Prices 100.40 100 100 100 100 100 Index Points [+]
Consumer Price Index CPI 100.40 100 100 101 101 101 Index Points [+]
Core Consumer Prices 101.57 101 101 101 101 101 Index Points [+]
Core Inflation Rate 0.70 0.79 0.74 0.74 0.74 0.74 percent [+]
GDP Deflator 112.96 114 115 115 116 117 Index Points [+]
Producer Prices 1865.00 1960 2210 2560 2750 4200 Index Points [+]
Producer Prices Change 3.90 2.2 2.6 2.8 2.7 2.4 percent [+]
Export Prices 99.90 101 101 101 101 101 Index Points [+]
Import Prices 113.40 115 115 115 115 115 Index Points [+]
Food Inflation -2.40 -2.45 -2.88 -3.08 -3.15 -3.2 percent [+]
Cpi Transportation 98.50 99.32 99.58 99.42 99.36 99.34 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 -0.33 -0.33 -0.33 -0.33 -0.33 percent [+]
Money Supply M0 19097.24 19181 19413 19614 19815 22078 EUR Million [+]
Money Supply M1 117655.00 118997 120738 122594 124475 146633 EUR Million [+]
Money Supply M2 145099.00 145691 146846 148107 149378 164061 EUR Million [+]
Money Supply M3 160147.00 159503 159294 159249 159240 159241 EUR Million [+]
Foreign Exchange Reserves 9903.00 9897 9904 9904 9904 9904 EUR Million [+]
Banks Balance Sheet 126475.00 113976 110100 107331 105397 105531 EUR Million [+]
Loans to Private Sector 76026.00 76437 76576 76628 76645 76655 EUR Million [+]
Private Debt to GDP 213.68 217 217 218 218 224 percent [+]
Central Bank Balance Sheet 1328.10 1259 1213 1187 1181 1182 EUR Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -530.00 -276 -276 -255 -58.98 325 EUR Million [+]
Exports 4400.00 4401 4363 4388 4376 4382 EUR Million [+]
Imports 4930.00 4755 4773 4755 4763 4764 EUR Million [+]
Current Account -297.00 -152 -104 -105 -105 -105 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 88.60 90.15 90.14 90.14 90.14 90.14 Index Points [+]
Capital Flows 5000.00 364 -349 -456 -469 -470 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 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 1.30 1.5 1.7 2.11 1.2 1.5 percent [+]
Industrial Production Mom -0.70 -0.06 0 0.02 0.02 0.02 percent [+]
Manufacturing Production 1.50 1.81 1.92 1.89 1.92 1.91 percent [+]
Capacity Utilization 81.00 81.34 83.44 83.41 82.14 82.3 percent [+]
New Orders 107.80 104 104 104 104 105 Index Points [+]
Changes in Inventories 396.00 -61.09 -179 -264 -174 -178 EUR Million [+]
Bankruptcies 513.00 690 606 606 606 603 Companies [+]
Car Registrations 12742.00 9883 10159 10163 10168 10160 Cars [+]
Leading Economic Index 0.96 1.14 1.19 1.17 1.16 1.17 percent [+]
Mining Production 3.40 7.22 7.19 7.15 7.15 7.15 percent [+]
Steel Production 362.40 373 354 358 360 359 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 6580.00 6180 4814 5249 6472 5925 Gigawatt-hour [+]
Corruption Index 90.00 89.02 89.17 89.33 89.48 92.99 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 20.80 7.4 7.4 15.16 8.5 11 [+]
Retail Sales Mom -3.20 0.8 0.8 0.01 0.3 1 percent [+]
Retail Sales Yoy 2.00 0.27 1.07 1.36 1.46 1.45 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 14535.00 14603 14690 14781 14872 15910 EUR Million [+]
Gasoline Prices 1.58 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. 2/28/2017