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Economy of Finland. Statistics, Data and Indicators

flag
Finland
96AA+ Credit rank #14
195.30 Quality of life #2
3 Corruption rank#6
20 Ease of doing business#17
Finland


Finland Major Economic Indicators

Indicator Data Period
GDP Value 271 USD Billion 2020
GDP Annual Growth Rate -1 % 1Q/21
GDP Growth Rate -0.1 % 1Q/21
GDP per capita 47910 USD 2020
Inflation Rate YoY 2 % Jun/21
Interest Rate 0 % Jun/21
Unemployment Rate 9.6 % May/21
Wages 3620 EUR/Month | 4278.758 USD/Month 4Q/20
Balance of Trade -210 EUR Million | -0.248 B USD May/21
Current Account 254 EUR Million | 0.3 B USD May/21
Foreign Exchange Reserves 11239 EUR Million | 13.284 B USD Jun/21
Government Debt 126111 EUR Million | 149.06 B USD May/21


GDP
vvp
271
USD Billion
#46 from 174 countries
GDP per capita
vvp
47910
USD
#17 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 271 USD Billion 2020
GDP Annual Growth Rate -1 % 1Q/21
GDP Growth Rate -0.1 % 1Q/21
GDP per capita 47910 USD 2020
Gross National Product 57044 EUR Million | 67.425 USD Billion 1Q/21
GDP Constant Prices 56294 EUR Million | 66.538 B USD 1Q/21
GDP per capita PPP 47261 USD 2020
GDP From Agriculture  1329 EUR Million | 1.571 B USD 1Q/21
GDP From Construction  3048 EUR Million | 3.603 B USD 1Q/21
GDP From Manufacturing  8591 EUR Million | 10.154 B USD 1Q/21
GDP From Public Administration  9184 EUR Million | 10.855 B USD 1Q/21
GDP From Services  34154 EUR Million | 40.369 B USD 1Q/21
GDP From Transport  1935 EUR Million | 2.287 B USD 1Q/21
GDP From Utilities  1480 EUR Million | 1.749 B USD 1Q/21


Budget Indicators

Indicator Data Period
Government Debt to GDP 69.2 % 2020
Government Budget Value 370 EUR Million | 0.437 USD Billion May/21
Government Spending 13556 EUR Million | 16.023 USD Billion 1Q/21
Government Debt 126111 EUR Million | 149.06 USD Billion May/21
Government Revenues 5400 EUR Million | 6.383 USD Billion May/21
Fiscal Expenditure  4566 EUR Million | 5.397 B USD Apr/21
Government Budget to GDP -5.4 % 2020
Government Spending to GDP 56.7 % 2020
Military Expenditure 3986 USD Million | 3.986 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 105 index points Jun/21
Export Prices 110 index points May/21
Food Inflation -0.4 % Jun/21
Gasoline Prices 1.99 USD/Liter Jun/21
GDP Deflator 107 index points 1Q/21
Import Prices 111 index points May/21
Inflation Rate YoY 2 % Jun/21
Producer Prices 110 index points May/21
Inflation Rate Mom -0.1 % Jun/21
Core Consumer Prices 104 Index Points May/21
Core Inflation Rate 1.2 % Jun/21
CPI Housing Utilities 150 Index Points Jun/21
CPI Transportation 107 Index Points Jun/21
Harmonised Consumer Prices 106 Index Points Jun/21
Producer Prices Change  11.2 % May/21


Trade Indicators

Indicator Data Period
Current Account to GDP 0.3 % 2020
Weapons Sales 12 USD Million 2020
Balance of Trade -210 EUR Million | -0.248 USD Billion May/21
Capital Flows -4738 EUR Million | -5.6 USD Billion May/21
Current Account 254 EUR Million | 0.3 USD Billion May/21
Exports 5195 EUR Million | 6.14 USD Billion May/21
External Debt 587818 EUR Million | 694.787 USD Billion 1Q/21
Foreign Exchange Reserves 11239 EUR Million | 13.284 USD Billion Jun/21
Imports 5405 EUR Million | 6.389 USD Billion May/21
Terms of Trade  98.9 Index Points May/21


Money Indicators

Indicator Data Period
Bank Lending Rate 4.04 % May/21
Gold Reserves 49.14 Tonnes 1Q/21
Interbank Rate -0.55 % Jul/21
Interest Rate 0 % Jun/21
Loans to Private Sector 97552 EUR Million | 115.304 USD Billion May/21
Money Supply M0 25451 EUR Million | 30.083 USD Billion May/21
Money Supply M1 178302 EUR Million | 210.749 USD Billion May/21
Money Supply M2 189097 EUR Million | 223.508 USD Billion May/21
Money Supply M3 233898 EUR Million | 276.462 USD Billion May/21
Central Bank Balance Sheet 514 EUR Million | 0.608 B USD Jun/21
Foreign Direct Investment 76394 EUR Million | 90.296 B USD 2019


Labor Indicators

Indicator Data Period
Retirement Age Men 63.75 2020
Retirement Age Women 63.75 2020
Unemployment Rate 9.6 % May/21
Wages 3620 EUR/Month | 4278.758 USD/Month 4Q/20
Youth Unemployment Rate 28.1 % May/21
Employed Persons 2580 Thousand Person | 2.58 Million Person May/21
Employment Change  0.4 % 1Q/21
Employment Rate  73 % May/21
Full Time Employment 2054 Thousand Person 4Q/20
Job Vacancies 71207 | 71.207 K May/21
Labor Force Participation Rate 69.2 % May/21
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 1.7 % 1Q/21
Part Time Employment 384 Thousand Persons 4Q/20
Unemployed Persons 275 Thousand Persons | 0.275 Million Persons May/21
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 % 2021
Personal Income Tax Rate 56.95 % 2021
Sales Tax Rate 24 % 2021
Social Security Rate 31.55 % 2021
Social Security Rate For Companies 20.66 % 2021
Social Security Rate For Employees 10.89 % 2021


Production Indicators

Indicator Data Period
Electricity Production 5716 GWh Apr/21
Industrial Production 8 % May/21
Mining Production 2.9 % Apr/21
Steel Production 339 Thousand Tonnes Dec/20
Industrial Production (MoM) 2.2 % May/21


Business Indicators

Indicator Data Period
Bankruptcies 695 companies 1Q/21
Business Confidence 20.8 index points Jun/21
Corruption Index 85 index points 2020
Corruption Rank 3 place 2020
Ease of Doing Business 20 place 2019
Manufacturing Production 3.6 % Apr/21
Competitiveness Index 80.25 Index Points 2019
Competitiveness Rank 11 2019
Leading Economic Index  9 % May/21


Consumer Indicators

Indicator Data Period
Consumer Confidence 4.6 index points Jun/21
Private Debt To GDP 233 % 2020
Retail Sales MoM 1.3 % Feb/21
Retail Sales YoY 4.8 % Feb/21
Consumer Credit 16566 EUR Million | 19.581 USD Billion May/21
Consumer Spending 28889 EUR Million | 34.146 USD Billion 1Q/21
Households Debt To GDP 69.3 % 4Q/20
Households Debt To Income 116 % 2019


Housing Market

Indicator Data Period
Construction Output 7.2 % May/21


Government Debt
dept_icon
149.06
USD Billion
#24 from 65 countries
Balance of Trade
balance_icon
-0.248
USD Billion
#99 from 173 countries


Gold Reserves
gold_reserve_icon
49.14
Tonnes
#45 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
13.284
USD Billion
#66 from 114 countries


Government Budget Value
balance_icon
0.437
USD Billion
#74 from 113 countries
Inflation Rate
inflation_icon
2
%
#125 from 174 countries


Interest Rate
discount_rate_icon
0
%
#146 from 159 countries
Bank Lending Rate
credit_rate_icon
4.04%
#54 from 55 countries


Unemployment Rate
unemployment_icon
9.6
%
#89 from 171 countries
Wages
salary_icon
4278.758
USD/Month
#7 from 82 countries


Retirement Age
man_icon
woman_icon
63.75
63.75
men
women
Taxes
company_icon
private_icon
20%
56.95%
company profits
income of individuals


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