Economy of Finland. Statistics, Data and Indicators
Finland
| 96AA+ | Credit rank #14 |
| 195.30 | Quality of life #2 |
| 2 | Corruption rank#6 |
| 20 | Ease of doing business#17 |
Finland Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 281 USD Billion | 2022 |
| GDP Annual Growth Rate | -0.4 % | 2Q/23 |
| GDP Growth Rate | 0.6 % | 2Q/23 |
| GDP per capita | 47088 USD | 2022 |
| Inflation Rate YoY | 5.6 % | Aug/23 |
| Interest Rate | 4.5 % | Sep/23 |
| Unemployment Rate | 6.7 % | Aug/23 |
| Wages | 3883 EUR/Month | 4119.457 USD/Month | 2Q/23 |
| Balance of Trade | 100 EUR Million | 0.106 B USD | Aug/23 |
| Current Account | -175 EUR Million | -0.186 B USD | Jul/23 |
| Foreign Exchange Reserves | 15436 EUR Million | 16.376 B USD | Aug/23 |
| Government Debt | 152555 EUR Million | 161.845 B USD | Aug/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 281 USD Billion | 2022 |
| GDP Annual Growth Rate | -0.4 % | 2Q/23 |
| GDP Growth Rate | 0.6 % | 2Q/23 |
| GDP per capita | 47088 USD | 2022 |
| Gross National Product | 58981 EUR Million | 62.573 USD Billion | 2Q/23 |
| GDP Constant Prices | 59028 EUR Million | 62.623 B USD | 2Q/23 |
| GDP per capita PPP | 49586 USD | 2022 |
| GDP From Agriculture | 1362 EUR Million | 1.445 B USD | 2Q/23 |
| GDP From Construction | 2993 EUR Million | 3.175 B USD | 2Q/23 |
| GDP From Manufacturing | 8323 EUR Million | 8.83 B USD | 2Q/23 |
| GDP From Public Administration | 9898 EUR Million | 10.501 B USD | 2Q/23 |
| GDP From Services | 37588 EUR Million | 39.877 B USD | 2Q/23 |
| GDP From Transport | 1914 EUR Million | 2.031 B USD | 2Q/23 |
| GDP From Utilities | 1620 EUR Million | 1.719 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 73 % | 2022 |
| Government Budget Value | -33 EUR Million | -0.035 USD Billion | Aug/23 |
| Government Spending | 15973 EUR Million | 16.946 USD Billion | 2Q/23 |
| Government Debt | 152555 EUR Million | 161.845 USD Billion | Aug/23 |
| Government Revenues | 5815 EUR Million | 6.169 USD Billion | Aug/23 |
| Fiscal Expenditure | 5848 EUR Million | 6.204 B USD | Aug/23 |
| Government Budget to GDP | -0.9 % | 2022 |
| Government Spending to GDP | 53.4 % | 2022 |
| Military Expenditure | 4823 USD Million | 4.823 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 120 index points | Aug/23 |
| Export Prices | 132 index points | Aug/23 |
| Food Inflation | 6.8 % | Aug/23 |
| Gasoline Prices | 2.13 USD/Liter | Sep/23 |
| GDP Deflator | 119 index points | 2Q/23 |
| Import Prices | 135 index points | Aug/23 |
| Inflation Rate YoY | 5.6 % | Aug/23 |
| Producer Prices | 135 index points | Aug/23 |
| Inflation Rate Mom | -0.7 % | Aug/23 |
| Core Consumer Prices | 113 Index Points | Aug/23 |
| Core Inflation Rate | 3.6 % | Sep/23 |
| CPI Housing Utilities | 181 Index Points | Aug/23 |
| CPI Transportation | 120 Index Points | Aug/23 |
| Harmonised Consumer Prices | 118 Index Points | Aug/23 |
| Producer Prices Change | -8.4 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -3.9 % | 2022 |
| Weapons Sales | 29 USD Million | 2022 |
| Balance of Trade | 100 EUR Million | 0.106 USD Billion | Aug/23 |
| Capital Flows | -3073 EUR Million | -3.26 USD Billion | Jul/23 |
| Current Account | -175 EUR Million | -0.186 USD Billion | Jul/23 |
| Exports | 6065 EUR Million | 6.434 USD Billion | Aug/23 |
| External Debt | 630048 EUR Million | 668.415 USD Billion | 2Q/23 |
| Foreign Exchange Reserves | 15436 EUR Million | 16.376 USD Billion | Aug/23 |
| Imports | 5965 EUR Million | 6.328 USD Billion | Aug/23 |
| Terms of Trade | 97.9 Index Points | Aug/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 7.74 % | Aug/23 |
| Gold Reserves | 49.02 Tonnes | 2Q/23 |
| Interbank Rate | 3.98 % | Oct/23 |
| Interest Rate | 4.5 % | Sep/23 |
| Loans to Private Sector | 106053 EUR Million | 112.511 USD Billion | Aug/23 |
| Money Supply M0 | 26795 EUR Million | 28.427 USD Billion | Aug/23 |
| Money Supply M1 | 143182 EUR Million | 151.901 USD Billion | Aug/23 |
| Money Supply M2 | 180188 EUR Million | 191.161 USD Billion | Aug/23 |
| Money Supply M3 | 232314 EUR Million | 246.461 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 1874 EUR Million | 1.988 B USD | Sep/23 |
| Foreign Direct Investment | 76189 EUR Million | 80.829 B USD | 2021 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 64 | 2022 |
| Retirement Age Women | 64 | 2022 |
| Unemployment Rate | 6.7 % | Aug/23 |
| Wages | 3883 EUR/Month | 4119.457 USD/Month | 2Q/23 |
| Youth Unemployment Rate | 12.1 % | Jul/23 |
| Employed Persons | 2662 Thousand Person | 2.662 Million Person | Aug/23 |
| Employment Change | 0.1 % | 2Q/23 |
| Employment Rate | 74.6 % | Aug/23 |
| Full Time Employment | 2046 Thousand Person | 1Q/23 |
| Job Vacancies | 54812 | 54.812 K | Aug/23 |
| Labor Force Participation Rate | 69.1 % | Aug/23 |
| Living Wage Family | 1700 EUR/Month | 1915.212 USD/Month | 2018 |
| Living Wage Individual | 1160 EUR/Month | 1306.851 USD/Month | 2018 |
| Long Term Unemployment Rate | 1.5 % | 2Q/23 |
| Part Time Employment | 421 Thousand Persons | 1Q/23 |
| Unemployed Persons | 192 Thousand Persons | 0.192 Million Persons | Aug/23 |
| Wages High Skilled | 4250 EUR/Month | 4788.031 USD/Month | 2018 |
| Wages Low Skilled | 1980 EUR/Month | 2230.659 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2023 |
| Personal Income Tax Rate | 56.95 % | 2021 |
| Sales Tax Rate | 24 % | 2023 |
| Social Security Rate | 31.55 % | 2021 |
| Social Security Rate For Companies | 20 % | 2022 |
| Social Security Rate For Employees | 10.89 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Electricity Production | 5770 GWh | Aug/23 |
| Industrial Production | 1 % | Aug/23 |
| Mining Production | -9.7 % | Aug/23 |
| Steel Production | 339 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | 2.1 % | Aug/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 749 companies | 2Q/23 |
| Business Confidence | -21 index points | Sep/23 |
| Corruption Index | 87 index points | 2022 |
| Corruption Rank | 2 place | 2022 |
| Ease of Doing Business | 20 place | 2019 |
| Manufacturing Production | -0.3 % | Aug/23 |
| Competitiveness Index | 80.25 Index Points | 2019 |
| Competitiveness Rank | 11 | 2019 |
| Leading Economic Index | 9 % | May/21 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -11.5 index points | Sep/23 |
| Private Debt To GDP | 231 % | 2021 |
| Retail Sales MoM | -1.2 % | Jun/23 |
| Retail Sales YoY | 0.3 % | Jun/23 |
| Consumer Credit | 17153 EUR Million | 18.198 USD Billion | Aug/23 |
| Consumer Spending | 30779 EUR Million | 32.653 USD Billion | 2Q/23 |
| Households Debt To GDP | 64.5 % | 1Q/23 |
| Households Debt To Income | 118 % | 2021 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | -5.9 % | Jul/23 |
