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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 -6.4 % 2Q/20
GDP Growth Rate -4.5 % 2Q/20
GDP per capita 49241 USD 2019
Inflation Rate YoY 0.2 % Aug/20
Interest Rate 0 % Sep/20
Unemployment Rate 7.7 % Aug/20
Wages 3553 EUR/Month | 4132.26 USD/Month 1Q/20
Balance of Trade -440 EUR Million | -0.512 B USD Jul/20
Current Account -121 EUR Million | -0.141 B USD Jul/20
Foreign Exchange Reserves 9973 EUR Million | 11.599 B USD Aug/20
Government Debt 123888 EUR Million | 144.086 B USD Jul/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 -6.4 % 2Q/20
GDP Growth Rate -4.5 % 2Q/20
GDP per capita 49241 USD 2019
Gross National Product 49578 EUR Million | 57.661 USD Billion 2Q/20
GDP Constant Prices 48252 EUR Million | 56.119 B USD 2Q/20
GDP per capita PPP 48621 USD 2019
GDP From Agriculture  1281 EUR Million | 1.49 B USD 2Q/20
GDP From Construction  2669 EUR Million | 3.104 B USD 2Q/20
GDP From Manufacturing  7816 EUR Million | 9.09 B USD 2Q/20
GDP From Public Administration  7886 EUR Million | 9.172 B USD 2Q/20
GDP From Services  28887 EUR Million | 33.597 B USD 2Q/20
GDP From Transport  1731 EUR Million | 2.013 B USD 2Q/20
GDP From Utilities  1422 EUR Million | 1.654 B USD 2Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 59.4 % 2019
Government Budget Value -1488 EUR Million | -1.731 USD Billion Jul/20
Government Spending 11934 EUR Million | 13.88 USD Billion 2Q/20
Government Debt 123888 EUR Million | 144.086 USD Billion Jul/20
Government Revenues 3490 EUR Million | 4.059 USD Billion Jun/20
Fiscal Expenditure  5840 EUR Million | 6.792 B USD Jun/20
Government Budget to GDP -1.1 % 2019
Government Spending to GDP 53.3 % 2019
Military Expenditure 3615 USD Million | 3.615 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 104 index points Aug/20
Export Prices 100 index points Aug/20
Food Inflation 0.9 % Aug/20
Gasoline Prices 1.73 USD/Liter Aug/20
GDP Deflator 119 index points 2Q/20
Import Prices 101 index points Aug/20
Inflation Rate YoY 0.2 % Aug/20
Producer Prices 1936 index points Jul/20
Inflation Rate Mom 0 % Aug/20
Core Consumer Prices 103 Index Points Aug/20
Core Inflation Rate 0.4 % Aug/20
CPI Housing Utilities 147 Index Points Aug/20
CPI Transportation 102 Index Points Aug/20
Harmonised Consumer Prices 104 Index Points Aug/20
Producer Prices Change  -4.1 % Aug/20


Trade Indicators

Indicator Data Period
Current Account to GDP -0.8 % 2019
Weapons Sales 24 USD Million 2019
Balance of Trade -440 EUR Million | -0.512 USD Billion Jul/20
Capital Flows -2173 EUR Million | -2.527 USD Billion Jul/20
Current Account -121 EUR Million | -0.141 USD Billion Jul/20
Exports 4375 EUR Million | 5.088 USD Billion Jul/20
External Debt 574162 EUR Million | 667.77 USD Billion 2Q/20
Foreign Exchange Reserves 9973 EUR Million | 11.599 USD Billion Aug/20
Imports 4815 EUR Million | 5.6 USD Billion Jul/20
Terms of Trade  99.4 Index Points Jul/20


Money Indicators

Indicator Data Period
Bank Lending Rate 4.31 % Jul/20
Gold Reserves 49.1 Tonnes 2Q/20
Interbank Rate -0.5 % Sep/20
Interest Rate 0 % Sep/20
Loans to Private Sector 97037 EUR Million | 112.857 USD Billion Jul/20
Money Supply M0 23905 EUR Million | 27.802 USD Billion Jul/20
Money Supply M1 167820 EUR Million | 195.18 USD Billion Jul/20
Money Supply M2 182148 EUR Million | 211.844 USD Billion Jul/20
Money Supply M3 219001 EUR Million | 254.706 USD Billion Jul/20
Central Bank Balance Sheet 536 EUR Million | 0.623 B USD Aug/20
Foreign Direct Investment 62448 EUR Million | 72.629 B USD 2018


Labor Indicators

Indicator Data Period
Retirement Age Men 63 2018
Retirement Age Women 63 2018
Unemployment Rate 7.7 % Aug/20
Wages 3553 EUR/Month | 4132.26 USD/Month 1Q/20
Youth Unemployment Rate 16 % Jul/20
Employed Persons 2533 Thousand Person | 2.533 Million Person Aug/20
Employment Change  -2.1 % 2Q/20
Employment Rate  71.5 % Aug/20
Full Time Employment 2061 Thousand Person 1Q/20
Job Vacancies 43645 | 43.645 K Jul/20
Labor Force Participation Rate 66.3 % Aug/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 % 1Q/20
Part Time Employment 389 Thousand Persons 1Q/20
Unemployed Persons 211 Thousand Persons | 0.211 Million Persons Aug/20
Wages High Skilled 4250 EUR/Month | 4788.031 USD/Month 2018
Wages Low Skilled  1980 EUR/Month | 2230.659 USD/Month 2018


Taxes



Production Indicators

Indicator Data Period
Electricity Production 6606 GWh Dec/19
Industrial Production -6.1 % Jul/20
Mining Production -22.4 % Jul/20
Steel Production 209 Thousand Tonnes Jul/20
Industrial Production (MoM) 0.9 % Jul/20


Business Indicators

Indicator Data Period
Bankruptcies 549 companies 2Q/20
Business Confidence -20.5 index points Aug/20
Corruption Index 86 index points 2019
Corruption Rank 3 place 2019
Ease of Doing Business 20 place 2019
Manufacturing Production -5.7 % Jul/20
Competitiveness Index 80.25 Index Points 2019
Competitiveness Rank 11 2019
Leading Economic Index  -2.8 % Jul/20


Consumer Indicators

Indicator Data Period
Consumer Confidence -5.1 index points Aug/20
Private Debt To GDP 211 % 2018
Retail Sales MoM 3.5 % May/20
Retail Sales YoY 6 % May/20
Consumer Credit 16630 EUR Million | 19.341 USD Billion Jul/20
Consumer Spending 25193 EUR Million | 29.3 USD Billion 2Q/20
Households Debt To GDP 66.7 % 1Q/20
Households Debt To Income 116 % 2019


Housing Market

Indicator Data Period
Construction Output 1.2 % Jun/20


Government Debt
dept_icon
144.086
USD Billion
#24 from 65 countries
Balance of Trade
balance_icon
-0.512
USD Billion
#99 from 173 countries


Gold Reserves
gold_reserve_icon
49.1
Tonnes
#45 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
11.599
USD Billion
#66 from 114 countries


Government Budget Value
balance_icon
-1.731
USD Billion
#74 from 113 countries
Inflation Rate
inflation_icon
0.2
%
#125 from 174 countries


Interest Rate
discount_rate_icon
0
%
#146 from 159 countries
Bank Lending Rate
credit_rate_icon
4.31%
#54 from 55 countries


Unemployment Rate
unemployment_icon
7.7
%
#89 from 171 countries
Wages
salary_icon
4132.26
USD/Month
#7 from 82 countries


Retirement Age
man_icon
woman_icon
63
63
men
women
Taxes
company_icon
private_icon
20%
56.95%
company profits
income of individuals