Economy of Finland. Statistics, Data and Indicators
Finland
| 96AA+ | Credit rank #14 |
| 195.30 | Quality of life #2 |
| 1 | Corruption rank#6 |
| 20 | Ease of doing business#17 |
Finland Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 270 USD Billion | 2020 |
| GDP Annual Growth Rate | 3.6 % | 1Q/22 |
| GDP Growth Rate | 0.2 % | 1Q/22 |
| GDP per capita | 44773 USD | 2020 |
| Inflation Rate YoY | 7 % | May/22 |
| Interest Rate | 0 % | Jun/22 |
| Unemployment Rate | 7.9 % | May/22 |
| Wages | 3692 EUR/Month | 3849.844 USD/Month | 3Q/21 |
| Balance of Trade | -900 EUR Million | -0.938 B USD | Apr/22 |
| Current Account | -2286 EUR Million | -2.384 B USD | Apr/22 |
| Foreign Exchange Reserves | 15151 EUR Million | 15.799 B USD | May/22 |
| Government Debt | 128696 EUR Million | 134.198 B USD | Nov/21 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 270 USD Billion | 2020 |
| GDP Annual Growth Rate | 3.6 % | 1Q/22 |
| GDP Growth Rate | 0.2 % | 1Q/22 |
| GDP per capita | 44773 USD | 2020 |
| Gross National Product | 60662 EUR Million | 63.255 USD Billion | 1Q/22 |
| GDP Constant Prices | 59013 EUR Million | 61.536 B USD | 1Q/22 |
| GDP per capita PPP | 47261 USD | 2020 |
| GDP From Agriculture | 1308 EUR Million | 1.364 B USD | 1Q/22 |
| GDP From Construction | 3223 EUR Million | 3.361 B USD | 1Q/22 |
| GDP From Manufacturing | 9104 EUR Million | 9.493 B USD | 1Q/22 |
| GDP From Public Administration | 9392 EUR Million | 9.794 B USD | 1Q/22 |
| GDP From Services | 35621 EUR Million | 37.144 B USD | 1Q/22 |
| GDP From Transport | 1925 EUR Million | 2.007 B USD | 1Q/22 |
| GDP From Utilities | 1476 EUR Million | 1.539 B USD | 1Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 65.8 % | 2021 |
| Government Budget Value | 385 EUR Million | 0.401 USD Billion | Nov/21 |
| Government Spending | 13783 EUR Million | 14.372 USD Billion | 1Q/22 |
| Government Debt | 128696 EUR Million | 134.198 USD Billion | Nov/21 |
| Government Revenues | 5295 EUR Million | 5.521 USD Billion | Nov/21 |
| Fiscal Expenditure | 4910 EUR Million | 5.12 B USD | Nov/21 |
| Government Budget to GDP | -2.6 % | 2021 |
| 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) | 113 index points | May/22 |
| Export Prices | 149 index points | May/22 |
| Food Inflation | 9.04 % | May/22 |
| Gasoline Prices | 2.65 USD/Liter | Jun/22 |
| GDP Deflator | 112 index points | 1Q/22 |
| Import Prices | 150 index points | May/22 |
| Inflation Rate YoY | 7 % | May/22 |
| Producer Prices | 145 index points | May/22 |
| Inflation Rate Mom | 1.3 % | May/22 |
| Core Consumer Prices | 108 Index Points | May/22 |
| Core Inflation Rate | 3.6 % | Jun/22 |
| CPI Housing Utilities | 162 Index Points | May/22 |
| CPI Transportation | 123 Index Points | May/22 |
| Harmonised Consumer Prices | 113 Index Points | May/22 |
| Producer Prices Change | 31.7 % | May/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 0.3 % | 2020 |
| Weapons Sales | 12 USD Million | 2020 |
| Balance of Trade | -900 EUR Million | -0.938 USD Billion | Apr/22 |
| Capital Flows | -3941 EUR Million | -4.109 USD Billion | Apr/22 |
| Current Account | -2286 EUR Million | -2.384 USD Billion | Apr/22 |
| Exports | 6600 EUR Million | 6.882 USD Billion | Apr/22 |
| External Debt | 588467 EUR Million | 613.626 USD Billion | 1Q/22 |
| Foreign Exchange Reserves | 15151 EUR Million | 15.799 USD Billion | May/22 |
| Imports | 7500 EUR Million | 7.821 USD Billion | Apr/22 |
| Terms of Trade | 99.7 Index Points | May/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 4.64 % | May/22 |
| Gold Reserves | 49.02 Tonnes | 1Q/22 |
| Interbank Rate | -0.19 % | Jul/22 |
| Interest Rate | 0 % | Jun/22 |
| Loans to Private Sector | 101234 EUR Million | 105.562 USD Billion | May/22 |
| Money Supply M0 | 27549 EUR Million | 28.727 USD Billion | May/22 |
| Money Supply M1 | 185267 EUR Million | 193.188 USD Billion | May/22 |
| Money Supply M2 | 196666 EUR Million | 205.074 USD Billion | May/22 |
| Money Supply M3 | 237569 EUR Million | 247.726 USD Billion | May/22 |
| Central Bank Balance Sheet | 625 EUR Million | 0.652 B USD | Jun/22 |
| Foreign Direct Investment | 73758 EUR Million | 76.911 B USD | 2020 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 63.75 | 2020 |
| Retirement Age Women | 63.75 | 2020 |
| Unemployment Rate | 7.9 % | May/22 |
| Wages | 3692 EUR/Month | 3849.844 USD/Month | 3Q/21 |
| Youth Unemployment Rate | 16.9 % | Apr/22 |
| Employed Persons | 2641 Thousand Person | 2.641 Million Person | May/22 |
| Employment Change | 1.3 % | 4Q/21 |
| Employment Rate | 74.7 % | May/22 |
| Full Time Employment | 2036 Thousand Person | 4Q/21 |
| Job Vacancies | 99520 | 99.52 K | May/22 |
| Labor Force Participation Rate | 69.6 % | May/22 |
| 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 | 1.6 % | 4Q/21 |
| Part Time Employment | 436 Thousand Persons | 4Q/21 |
| Unemployed Persons | 227 Thousand Persons | 0.227 Million Persons | May/22 |
| 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 | 5745 GWh | Apr/22 |
| Industrial Production | 7.3 % | Apr/22 |
| Mining Production | -1.4 % | Mar/22 |
| Steel Production | 339 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | 3.4 % | Apr/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 656 companies | 4Q/21 |
| Business Confidence | 10 index points | Jun/22 |
| Corruption Index | 88 index points | 2021 |
| Corruption Rank | 1 place | 2021 |
| Ease of Doing Business | 20 place | 2019 |
| Manufacturing Production | 4 % | Mar/22 |
| Competitiveness Index | 80.25 Index Points | 2019 |
| Competitiveness Rank | 11 | 2019 |
| Leading Economic Index | 9 % | May/21 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -14.3 index points | Jun/22 |
| Private Debt To GDP | 233 % | 2020 |
| Retail Sales MoM | -2.6 % | Dec/21 |
| Retail Sales YoY | 3 % | Dec/21 |
| Consumer Credit | 16919 EUR Million | 17.642 USD Billion | May/22 |
| Consumer Spending | 30413 EUR Million | 31.713 USD Billion | 1Q/22 |
| Households Debt To GDP | 69.1 % | 3Q/21 |
| Households Debt To Income | 119 % | 2020 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 7.5 % | Apr/22 |
