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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 269 USD Billion 2019
GDP Annual Growth Rate -1.4 % 4Q/20
GDP Growth Rate 0.4 % 4Q/20
GDP per capita 49241 USD 2019
Inflation Rate YoY 0.9 % Jan/21
Interest Rate 0 % Feb/21
Unemployment Rate 7.8 % Dec/20
Wages 3605 EUR/Month | 4352.13 USD/Month 3Q/20
Balance of Trade 1035 EUR Million | 1.25 B USD Dec/20
Current Account 2041 EUR Million | 2.464 B USD Dec/20
Foreign Exchange Reserves 10922 EUR Million | 13.186 B USD Jan/21
Government Debt 123281 EUR Million | 148.831 B USD Oct/20


GDP
vvp
269
USD Billion
#46 from 174 countries
GDP per capita
vvp
49241
USD
#17 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 269 USD Billion 2019
GDP Annual Growth Rate -1.4 % 4Q/20
GDP Growth Rate 0.4 % 4Q/20
GDP per capita 49241 USD 2019
Gross National Product 51138 EUR Million | 61.736 USD Billion 3Q/20
GDP Constant Prices 50151 EUR Million | 60.545 B USD 3Q/20
GDP per capita PPP 48621 USD 2019
GDP From Agriculture  1297 EUR Million | 1.566 B USD 3Q/20
GDP From Construction  2624 EUR Million | 3.168 B USD 3Q/20
GDP From Manufacturing  8020 EUR Million | 9.682 B USD 3Q/20
GDP From Public Administration  7778 EUR Million | 9.39 B USD 3Q/20
GDP From Services  29841 EUR Million | 36.025 B USD 3Q/20
GDP From Transport  1815 EUR Million | 2.191 B USD 3Q/20
GDP From Utilities  1387 EUR Million | 1.674 B USD 3Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 59.4 % 2019
Government Budget Value -1573 EUR Million | -1.899 USD Billion Nov/20
Government Spending 11277 EUR Million | 13.614 USD Billion 3Q/20
Government Debt 123281 EUR Million | 148.831 USD Billion Oct/20
Government Revenues 3839 EUR Million | 4.635 USD Billion Nov/20
Fiscal Expenditure  5412 EUR Million | 6.534 B USD Nov/20
Government Budget to GDP -1.1 % 2019
Government Spending to GDP 53.3 % 2019
Military Expenditure 4137 USD Million | 4.137 B USD 2019


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 104 index points Jan/21
Export Prices 102 index points Jan/21
Food Inflation 0.4 % Jan/21
Gasoline Prices 1.88 USD/Liter Feb/21
GDP Deflator 119 index points 3Q/20
Import Prices 104 index points Jan/21
Inflation Rate YoY 0.9 % Jan/21
Producer Prices 104 index points Jan/21
Inflation Rate Mom 0.3 % Jan/21
Core Consumer Prices 104 Index Points Dec/20
Core Inflation Rate 1.3 % Jan/21
CPI Housing Utilities 148 Index Points Jan/21
CPI Transportation 104 Index Points Jan/21
Harmonised Consumer Prices 105 Index Points Jan/21
Producer Prices Change  -0.8 % Jan/21


Trade Indicators

Indicator Data Period
Current Account to GDP -0.8 % 2019
Weapons Sales 24 USD Million 2019
Balance of Trade 1035 EUR Million | 1.25 USD Billion Dec/20
Capital Flows -567 EUR Million | -0.685 USD Billion Dec/20
Current Account 2041 EUR Million | 2.464 USD Billion Dec/20
Exports 6040 EUR Million | 7.292 USD Billion Dec/20
External Debt 566210 EUR Million | 683.556 USD Billion 3Q/20
Foreign Exchange Reserves 10922 EUR Million | 13.186 USD Billion Jan/21
Imports 5005 EUR Million | 6.042 USD Billion Dec/20
Terms of Trade  98 Index Points Jan/21


Money Indicators

Indicator Data Period
Bank Lending Rate 4.15 % Dec/20
Gold Reserves 49.14 Tonnes 4Q/20
Interbank Rate -0.54 % Feb/21
Interest Rate 0 % Feb/21
Loans to Private Sector 96864 EUR Million | 116.939 USD Billion Dec/20
Money Supply M0 24855 EUR Million | 30.006 USD Billion Dec/20
Money Supply M1 172054 EUR Million | 207.712 USD Billion Dec/20
Money Supply M2 185669 EUR Million | 224.149 USD Billion Dec/20
Money Supply M3 218400 EUR Million | 263.663 USD Billion Dec/20
Central Bank Balance Sheet 628 EUR Million | 0.758 B USD Jan/21
Foreign Direct Investment 76394 EUR Million | 92.227 B USD 2019


Labor Indicators

Indicator Data Period
Retirement Age Men 63.75 2020
Retirement Age Women 63.75 2020
Unemployment Rate 7.8 % Dec/20
Wages 3605 EUR/Month | 4352.13 USD/Month 3Q/20
Youth Unemployment Rate 20 % Dec/20
Employed Persons 2134 Thousand Person | 2.134 Million Person Dec/20
Employment Change  -2.3 % 3Q/20
Employment Rate  70.7 % Dec/20
Full Time Employment 2125 Thousand Person 3Q/20
Job Vacancies 47184 | 47.184 K Dec/20
Labor Force Participation Rate 65.6 % Dec/20
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 1.3 % 3Q/20
Part Time Employment 344 Thousand Persons 3Q/20
Unemployed Persons 212 Thousand Persons | 0.212 Million Persons Dec/20
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 % 2020
Personal Income Tax Rate 56.95 % 2020
Sales Tax Rate 24 % 2020
Social Security Rate 32.52 % 2020
Social Security Rate For Companies 20.76 % 2020
Social Security Rate For Employees 11.76 % 2020


Production Indicators

Indicator Data Period
Electricity Production 6199 GWh Nov/20
Industrial Production -2.5 % Dec/20
Mining Production 10 % Nov/20
Steel Production 339 Thousand Tonnes Dec/20
Industrial Production (MoM) -0.9 % Dec/20


Business Indicators

Indicator Data Period
Bankruptcies 385 companies 4Q/20
Business Confidence -5.2 index points Feb/21
Corruption Index 85 index points 2020
Corruption Rank 3 place 2020
Ease of Doing Business 20 place 2019
Manufacturing Production -1.4 % Nov/20
Competitiveness Index 80.25 Index Points 2019
Competitiveness Rank 11 2019
Leading Economic Index  -1.8 % Dec/20


Consumer Indicators

Indicator Data Period
Consumer Confidence -0.8 index points Feb/21
Private Debt To GDP 222 % 2019
Retail Sales MoM -3.9 % Dec/20
Retail Sales YoY 2 % Dec/20
Consumer Credit 16674 EUR Million | 20.13 USD Billion Dec/20
Consumer Spending 26489 EUR Million | 31.979 USD Billion 3Q/20
Households Debt To GDP 67.8 % 2Q/20
Households Debt To Income 116 % 2019


Housing Market

Indicator Data Period
Construction Output -3.4 % Dec/20


Government Debt
dept_icon
148.831
USD Billion
#24 from 65 countries
Balance of Trade
balance_icon
1.25
USD Billion
#99 from 173 countries


Gold Reserves
gold_reserve_icon
49.14
Tonnes
#45 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
13.186
USD Billion
#66 from 114 countries


Government Budget Value
balance_icon
-1.899
USD Billion
#74 from 113 countries
Inflation Rate
inflation_icon
0.9
%
#125 from 174 countries


Interest Rate
discount_rate_icon
0
%
#146 from 159 countries
Bank Lending Rate
credit_rate_icon
4.15%
#54 from 55 countries


Unemployment Rate
unemployment_icon
7.8
%
#89 from 171 countries
Wages
salary_icon
4352.13
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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