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Economy of Finland. Statistics, Data and Indicators

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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 -4 % 3Q/20
GDP Growth Rate 2.6 % 3Q/20
GDP per capita 49241 USD 2019
Inflation Rate YoY 0.2 % Oct/20
Interest Rate 0 % Oct/20
Unemployment Rate 7.4 % Oct/20
Wages 3605 EUR/Month | 4289.114 USD/Month 3Q/20
Balance of Trade -380 EUR Million | -0.452 B USD Sep/20
Current Account 105 EUR Million | 0.125 B USD Sep/20
Foreign Exchange Reserves 10212 EUR Million | 12.15 B USD Oct/20
Government Debt 120192 EUR Million | 143.001 B USD Sep/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 -4 % 3Q/20
GDP Growth Rate 2.6 % 3Q/20
GDP per capita 49241 USD 2019
Gross National Product 49578 EUR Million | 58.986 USD Billion 2Q/20
GDP Constant Prices 48252 EUR Million | 57.409 B USD 2Q/20
GDP per capita PPP 48621 USD 2019
GDP From Agriculture  1281 EUR Million | 1.524 B USD 2Q/20
GDP From Construction  2669 EUR Million | 3.175 B USD 2Q/20
GDP From Manufacturing  7816 EUR Million | 9.299 B USD 2Q/20
GDP From Public Administration  7886 EUR Million | 9.383 B USD 2Q/20
GDP From Services  28887 EUR Million | 34.369 B USD 2Q/20
GDP From Transport  1731 EUR Million | 2.059 B USD 2Q/20
GDP From Utilities  1422 EUR Million | 1.692 B USD 2Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 59.4 % 2019
Government Budget Value -1350 EUR Million | -1.606 USD Billion Sep/20
Government Spending 11934 EUR Million | 14.199 USD Billion 2Q/20
Government Debt 120192 EUR Million | 143.001 USD Billion Sep/20
Government Revenues 4088 EUR Million | 4.864 USD Billion Aug/20
Fiscal Expenditure  4484 EUR Million | 5.335 B USD Aug/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 Oct/20
Export Prices 99.1 index points Oct/20
Food Inflation 1.7 % Oct/20
Gasoline Prices 1.68 USD/Liter Oct/20
GDP Deflator 119 index points 2Q/20
Import Prices 101 index points Oct/20
Inflation Rate YoY 0.2 % Oct/20
Producer Prices 1937 index points Sep/20
Inflation Rate Mom 0.1 % Oct/20
Core Consumer Prices 103 Index Points Oct/20
Core Inflation Rate 0.3 % Oct/20
CPI Housing Utilities 148 Index Points Oct/20
CPI Transportation 102 Index Points Oct/20
Harmonised Consumer Prices 104 Index Points Oct/20
Producer Prices Change  -5.4 % Oct/20


Trade Indicators

Indicator Data Period
Current Account to GDP -0.8 % 2019
Weapons Sales 24 USD Million 2019
Balance of Trade -380 EUR Million | -0.452 USD Billion Sep/20
Capital Flows -3874 EUR Million | -4.609 USD Billion Sep/20
Current Account 105 EUR Million | 0.125 USD Billion Sep/20
Exports 4885 EUR Million | 5.812 USD Billion Sep/20
External Debt 574162 EUR Million | 683.12 USD Billion 2Q/20
Foreign Exchange Reserves 10212 EUR Million | 12.15 USD Billion Oct/20
Imports 5265 EUR Million | 6.264 USD Billion Sep/20
Terms of Trade  98.9 Index Points Sep/20


Money Indicators

Indicator Data Period
Bank Lending Rate 4.18 % Sep/20
Gold Reserves 49.1 Tonnes 2Q/20
Interbank Rate -0.52 % Nov/20
Interest Rate 0 % Oct/20
Loans to Private Sector 97194 EUR Million | 115.638 USD Billion Sep/20
Money Supply M0 24043 EUR Million | 28.606 USD Billion Sep/20
Money Supply M1 169948 EUR Million | 202.199 USD Billion Sep/20
Money Supply M2 183942 EUR Million | 218.848 USD Billion Sep/20
Money Supply M3 222466 EUR Million | 264.683 USD Billion Sep/20
Central Bank Balance Sheet 519 EUR Million | 0.617 B USD Oct/20
Foreign Direct Investment 76394 EUR Million | 90.891 B USD 2019


Labor Indicators

Indicator Data Period
Retirement Age Men 63.75 2020
Retirement Age Women 63.75 2020
Unemployment Rate 7.4 % Oct/20
Wages 3605 EUR/Month | 4289.114 USD/Month 3Q/20
Youth Unemployment Rate 14.3 % Sep/20
Employed Persons 2530 Thousand Person | 2.53 Million Person Oct/20
Employment Change  -2.3 % 3Q/20
Employment Rate  71.5 % Oct/20
Full Time Employment 2104 Thousand Person 2Q/20
Job Vacancies 47930 | 47.93 K Sep/20
Labor Force Participation Rate 66.2 % Oct/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 1.1 % 2Q/20
Part Time Employment 336 Thousand Persons 2Q/20
Unemployed Persons 203 Thousand Persons | 0.203 Million Persons Oct/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 % Sep/20
Mining Production -17.1 % Sep/20
Steel Production 288 Thousand Tonnes Sep/20
Industrial Production (MoM) -2.1 % Sep/20


Business Indicators

Indicator Data Period
Bankruptcies 390 companies 3Q/20
Business Confidence -16.7 index points Oct/20
Corruption Index 86 index points 2019
Corruption Rank 3 place 2019
Ease of Doing Business 20 place 2019
Manufacturing Production -5.3 % Sep/20
Competitiveness Index 80.25 Index Points 2019
Competitiveness Rank 11 2019
Leading Economic Index  -3.2 % Sep/20


Consumer Indicators

Indicator Data Period
Consumer Confidence -6.9 index points Oct/20
Private Debt To GDP 222 % 2019
Retail Sales MoM 1.3 % Aug/20
Retail Sales YoY 5.3 % Aug/20
Consumer Credit 16686 EUR Million | 19.852 USD Billion Aug/20
Consumer Spending 25193 EUR Million | 29.974 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 0.5 % Sep/20


Government Debt
dept_icon
143.001
USD Billion
#24 from 65 countries
Balance of Trade
balance_icon
-0.452
USD Billion
#99 from 173 countries


Gold Reserves
gold_reserve_icon
49.1
Tonnes
#45 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
12.15
USD Billion
#66 from 114 countries


Government Budget Value
balance_icon
-1.606
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
4.18%
#54 from 55 countries


Unemployment Rate
unemployment_icon
7.4
%
#89 from 171 countries
Wages
salary_icon
4289.114
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