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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 291 USD Billion 2019
GDP Annual Growth Rate 0.4 % 4Q/19
GDP Growth Rate -0.7 % 4Q/19
GDP per capita 48580 USD 2018
Inflation Rate YoY 0.8 % Feb/20
Interest Rate 0 % Mar/20
Unemployment Rate 6.9 % Feb/20
Wages 3540 EUR/Month | 3898.421 USD/Month 3Q/19
Balance of Trade -365 EUR Million | -0.402 B USD Jan/20
Current Account -215 EUR Million | -0.237 B USD Jan/20
Foreign Exchange Reserves 10411 EUR Million | 11.465 B USD Feb/20
Government Debt 106812 EUR Million | 117.627 B USD Nov/19


GDP
vvp
291
USD Billion
#46 from 174 countries
GDP per capita
vvp
48580
USD
#17 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 291 USD Billion 2019
GDP Annual Growth Rate 0.4 % 4Q/19
GDP Growth Rate -0.7 % 4Q/19
GDP per capita 48580 USD 2018
Gross National Product 52473 EUR Million | 57.786 USD Billion 4Q/19
GDP Constant Prices 51282 EUR Million | 56.474 B USD 4Q/19
GDP per capita PPP 41899 USD 2018
GDP From Agriculture  1275 EUR Million | 1.404 B USD 4Q/19
GDP From Construction  2723 EUR Million | 2.999 B USD 4Q/19
GDP From Manufacturing  8235 EUR Million | 9.069 B USD 4Q/19
GDP From Public Administration  8119 EUR Million | 8.941 B USD 4Q/19
GDP From Services  30535 EUR Million | 33.627 B USD 4Q/19
GDP From Transport  2190 EUR Million | 2.412 B USD 4Q/19
GDP From Utilities  1418 EUR Million | 1.562 B USD 4Q/19


Budget Indicators

Indicator Data Period
Government Debt to GDP 58.9 % 2018
Government Budget Value -28.8 EUR Million | -0.032 USD Billion Nov/19
Government Spending 12185 EUR Million | 13.419 USD Billion 4Q/19
Government Debt 106812 EUR Million | 117.627 USD Billion Nov/19
Government Revenues 4297 EUR Million | 4.732 USD Billion Nov/19
Fiscal Expenditure  4326 EUR Million | 4.764 B USD Nov/19
Government Budget to GDP -0.7 % 2018
Government Spending to GDP 53.1 % 2018
Military Expenditure 3615 USD Million | 3.615 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 104 index points Feb/20
Export Prices 104 index points Feb/20
Food Inflation 1.3 % Feb/20
Gasoline Prices 1.5 USD/Liter Mar/20
GDP Deflator 118 index points 4Q/19
Import Prices 106 index points Feb/20
Inflation Rate YoY 0.8 % Feb/20
Producer Prices 1989 index points Feb/20
Inflation Rate Mom 0.3 % Feb/20
Core Consumer Prices 103 Index Points Feb/20
Core Inflation Rate 0.7 % Feb/20
CPI Housing Utilities 147 Index Points Feb/20
CPI Transportation 103 Index Points Feb/20
Harmonised Consumer Prices 104 Index Points Feb/20
Producer Prices Change  -2.8 % Feb/20


Trade Indicators

Indicator Data Period
Current Account to GDP -1.9 % 2018
Weapons Sales 68 USD Million 2018
Balance of Trade -365 EUR Million | -0.402 USD Billion Jan/20
Capital Flows -765 EUR Million | -0.842 USD Billion Jan/20
Current Account -215 EUR Million | -0.237 USD Billion Jan/20
Exports 4765 EUR Million | 5.247 USD Billion Jan/20
External Debt 528337 EUR Million | 581.83 USD Billion 4Q/19
Foreign Exchange Reserves 10411 EUR Million | 11.465 USD Billion Feb/20
Imports 5130 EUR Million | 5.649 USD Billion Jan/20
Terms of Trade  97.7 Index Points Feb/20


Money Indicators

Indicator Data Period
Bank Lending Rate 0.25 % Dec/19
Gold Reserves 49.14 Tonnes 4Q/19
Interbank Rate -0.35 % Mar/20
Interest Rate 0 % Mar/20
Loans to Private Sector 92627 EUR Million | 102.005 USD Billion Jan/20
Money Supply M0 22011 EUR Million | 24.24 USD Billion Jan/20
Money Supply M1 147858 EUR Million | 162.828 USD Billion Jan/20
Money Supply M2 162877 EUR Million | 179.368 USD Billion Jan/20
Money Supply M3 203141 EUR Million | 223.709 USD Billion Jan/20
Central Bank Balance Sheet 586 EUR Million | 0.645 B USD Feb/20
Foreign Direct Investment 62448 EUR Million | 68.771 B USD 2018


Labor Indicators

Indicator Data Period
Retirement Age Men 63 2018
Retirement Age Women 63 2018
Unemployment Rate 6.9 % Feb/20
Wages 3540 EUR/Month | 3898.421 USD/Month 3Q/19
Youth Unemployment Rate 18.4 % Feb/20
Employed Persons 2524 Thousand Person | 2.524 Million Person Feb/20
Employment Change  0.5 % 4Q/19
Employment Rate  71.3 % Feb/20
Full Time Employment 2161 Thousand Person 3Q/19
Job Vacancies 93997 | 93.997 K Feb/20
Labor Force Participation Rate 65.6 % Feb/20
Living Wage Family 1700 EUR/Month | 1872.123 USD/Month 2018
Living Wage Individual 1160 EUR/Month | 1277.449 USD/Month 2018
Long Term Unemployment Rate 1.2 % 3Q/19
Part Time Employment 359 Thousand Persons 3Q/19
Unemployed Persons 187 Thousand Persons | 0.187 Million Persons Feb/20
Wages High Skilled 4250 EUR/Month | 4680.307 USD/Month 2018
Wages Low Skilled  1980 EUR/Month | 2180.473 USD/Month 2018


Taxes

Indicator Data Period
Corporate Tax Rate 20 % 2020
Personal Income Tax Rate 53.75 % 2020
Sales Tax Rate 24 % 2020
Social Security Rate 29.96 % 2019
Social Security Rate For Companies 20.17 % 2019
Social Security Rate For Employees 9.79 % 2019


Production Indicators

Indicator Data Period
Electricity Production 6606 GWh Dec/19
Industrial Production -1.8 % Jan/20
Mining Production -13.2 % Jan/20
Steel Production 324 Thousand Tonnes Feb/20
Industrial Production (MoM) -0.8 % Jan/20


Business Indicators

Indicator Data Period
Bankruptcies 632 companies 4Q/19
Business Confidence -8.4 index points Mar/20
Corruption Index 86 index points 2019
Corruption Rank 3 place 2019
Ease of Doing Business 20 place 2019
Manufacturing Production -0.7 % Jan/20
Competitiveness Index 80.25 Index Points 2019
Competitiveness Rank 11 2019
Leading Economic Index  1.7 % Jan/20


Consumer Indicators

Indicator Data Period
Consumer Confidence -7.1 index points Mar/20
Private Debt To GDP 211 % 2018
Retail Sales MoM 0.1 % Nov/19
Retail Sales YoY 2.1 % Nov/19
Consumer Credit 16642 EUR Million | 18.327 USD Billion Jan/20
Consumer Spending 28148 EUR Million | 30.998 USD Billion 4Q/19
Households Debt To GDP 65.4 % 3Q/19
Households Debt To Income 116 % 2018


Housing Market

Indicator Data Period
Construction Output -3.7 % Dec/19


Government Debt
dept_icon
117.627
USD Billion
#24 from 65 countries
Balance of Trade
balance_icon
-0.402
USD Billion
#99 from 173 countries


Gold Reserves
gold_reserve_icon
49.14
Tonnes
#45 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
11.465
USD Billion
#66 from 114 countries


Government Budget Value
balance_icon
-0.032
USD Billion
#74 from 113 countries
Inflation Rate
inflation_icon
0.8
%
#125 from 174 countries


Interest Rate
discount_rate_icon
0
%
#146 from 159 countries
Bank Lending Rate
credit_rate_icon
0.25%
#54 from 55 countries


Unemployment Rate
unemployment_icon
6.9
%
#89 from 171 countries
Wages
salary_icon
3898.421
USD/Month
#7 from 82 countries


Retirement Age
man_icon
woman_icon
63
63
men
women
Taxes
company_icon
private_icon
20%
53.75%
company profits
income of individuals


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