Economy of Finland. Statistics, Data and Indicators
Finland
| 96AA+ | Credit rank #14 |
| 195.30 | Quality of life #2 |
| 2 | Corruption rank#6 |
| 20 | Ease of doing business#17 |
Finland Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 297 USD Billion | 2021 |
| GDP Annual Growth Rate | -0.4 % | 1Q/23 |
| GDP Growth Rate | 0.2 % | 1Q/23 |
| GDP per capita | 46297 USD | 2021 |
| Inflation Rate YoY | 7.9 % | Apr/23 |
| Interest Rate | 3.75 % | May/23 |
| Unemployment Rate | 7.9 % | Apr/23 |
| Wages | 3807 EUR/Month | 4070.961 USD/Month | 4Q/22 |
| Balance of Trade | 360 EUR Million | 0.385 B USD | Apr/23 |
| Current Account | -586 EUR Million | -0.627 B USD | Mar/23 |
| Foreign Exchange Reserves | 15219 EUR Million | 16.274 B USD | Apr/23 |
| Government Debt | 145125 EUR Million | 155.187 B USD | Apr/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 297 USD Billion | 2021 |
| GDP Annual Growth Rate | -0.4 % | 1Q/23 |
| GDP Growth Rate | 0.2 % | 1Q/23 |
| GDP per capita | 46297 USD | 2021 |
| Gross National Product | 58924 EUR Million | 63.01 USD Billion | 1Q/23 |
| GDP Constant Prices | 58794 EUR Million | 62.871 B USD | 1Q/23 |
| GDP per capita PPP | 48753 USD | 2021 |
| GDP From Agriculture | 1234 EUR Million | 1.32 B USD | 1Q/23 |
| GDP From Construction | 2962 EUR Million | 3.167 B USD | 1Q/23 |
| GDP From Manufacturing | 8880 EUR Million | 9.496 B USD | 1Q/23 |
| GDP From Public Administration | 9997 EUR Million | 10.69 B USD | 1Q/23 |
| GDP From Services | 36723 EUR Million | 39.269 B USD | 1Q/23 |
| GDP From Transport | 1797 EUR Million | 1.922 B USD | 1Q/23 |
| GDP From Utilities | 1516 EUR Million | 1.621 B USD | 1Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 73 % | 2022 |
| Government Budget Value | -400 EUR Million | -0.428 USD Billion | Apr/23 |
| Government Spending | 14933 EUR Million | 15.968 USD Billion | 1Q/23 |
| Government Debt | 145125 EUR Million | 155.187 USD Billion | Apr/23 |
| Government Revenues | 6005 EUR Million | 6.421 USD Billion | Apr/23 |
| Fiscal Expenditure | 6405 EUR Million | 6.849 B USD | Apr/23 |
| Government Budget to GDP | -0.9 % | 2022 |
| Government Spending to GDP | 53.4 % | 2022 |
| Military Expenditure | 5904 USD Million | 5.904 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 120 index points | Apr/23 |
| Export Prices | 136 index points | Apr/23 |
| Food Inflation | 13.7 % | May/23 |
| Gasoline Prices | 2.05 USD/Liter | May/23 |
| GDP Deflator | 118 index points | 1Q/23 |
| Import Prices | 138 index points | Apr/23 |
| Inflation Rate YoY | 7.9 % | Apr/23 |
| Producer Prices | 137 index points | Apr/23 |
| Inflation Rate Mom | 0.3 % | Apr/23 |
| Core Consumer Prices | 113 Index Points | Apr/23 |
| Core Inflation Rate | 4.3 % | May/23 |
| CPI Housing Utilities | 180 Index Points | Apr/23 |
| CPI Transportation | 119 Index Points | Apr/23 |
| Harmonised Consumer Prices | 119 Index Points | Apr/23 |
| Producer Prices Change | -0.3 % | Apr/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -3.9 % | 2022 |
| Weapons Sales | 29 USD Million | 2022 |
| Balance of Trade | 360 EUR Million | 0.385 USD Billion | Apr/23 |
| Capital Flows | -568 EUR Million | -0.607 USD Billion | Mar/23 |
| Current Account | -586 EUR Million | -0.627 USD Billion | Mar/23 |
| Exports | 6390 EUR Million | 6.833 USD Billion | Apr/23 |
| External Debt | 569274 EUR Million | 608.745 USD Billion | 4Q/22 |
| Foreign Exchange Reserves | 15219 EUR Million | 16.274 USD Billion | Apr/23 |
| Imports | 6030 EUR Million | 6.448 USD Billion | Apr/23 |
| Terms of Trade | 98.3 Index Points | Apr/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 7.28 % | Apr/23 |
| Gold Reserves | 49.02 Tonnes | 1Q/23 |
| Interbank Rate | 3.49 % | Jun/23 |
| Interest Rate | 3.75 % | May/23 |
| Loans to Private Sector | 105911 EUR Million | 113.254 USD Billion | Apr/23 |
| Money Supply M0 | 26809 EUR Million | 28.668 USD Billion | Apr/23 |
| Money Supply M1 | 175425 EUR Million | 187.588 USD Billion | Apr/23 |
| Money Supply M2 | 191728 EUR Million | 205.022 USD Billion | Apr/23 |
| Money Supply M3 | 238430 EUR Million | 254.962 USD Billion | Apr/23 |
| Central Bank Balance Sheet | 1238 EUR Million | 1.324 B USD | May/23 |
| Foreign Direct Investment | 76189 EUR Million | 81.472 B USD | 2021 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 64 | 2022 |
| Retirement Age Women | 64 | 2022 |
| Unemployment Rate | 7.9 % | Apr/23 |
| Wages | 3807 EUR/Month | 4070.961 USD/Month | 4Q/22 |
| Youth Unemployment Rate | 22.6 % | Apr/23 |
| Employed Persons | 2606 Thousand Person | 2.606 Million Person | Apr/23 |
| Employment Change | 0.9 % | 1Q/23 |
| Employment Rate | 73.1 % | Apr/23 |
| Full Time Employment | 2057 Thousand Person | 4Q/22 |
| Job Vacancies | 81100 | 81.1 K | Apr/23 |
| Labor Force Participation Rate | 68.6 % | Apr/23 |
| 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 | 1.4 % | 4Q/22 |
| Part Time Employment | 449 Thousand Persons | 4Q/22 |
| Unemployed Persons | 222 Thousand Persons | 0.222 Million Persons | Apr/23 |
| 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 % | 2023 |
| Personal Income Tax Rate | 56.95 % | 2021 |
| Sales Tax Rate | 24 % | 2023 |
| Social Security Rate | 31.55 % | 2021 |
| Social Security Rate For Companies | 20 % | 2022 |
| Social Security Rate For Employees | 10.89 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Electricity Production | 6330 GWh | Apr/23 |
| Industrial Production | 4.5 % | Mar/23 |
| Mining Production | -8.1 % | Mar/23 |
| Steel Production | 339 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | 3 % | Mar/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 873 companies | 1Q/23 |
| Business Confidence | -12 index points | May/23 |
| Corruption Index | 87 index points | 2022 |
| Corruption Rank | 2 place | 2022 |
| Ease of Doing Business | 20 place | 2019 |
| Manufacturing Production | 3.4 % | Mar/23 |
| Competitiveness Index | 80.25 Index Points | 2019 |
| Competitiveness Rank | 11 | 2019 |
| Leading Economic Index | 9 % | May/21 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -8.8 index points | May/23 |
| Private Debt To GDP | 231 % | 2021 |
| Retail Sales MoM | -0.7 % | Mar/23 |
| Retail Sales YoY | 3.3 % | Mar/23 |
| Consumer Credit | 16947 EUR Million | 18.122 USD Billion | Apr/23 |
| Consumer Spending | 30856 EUR Million | 32.995 USD Billion | 1Q/23 |
| Households Debt To GDP | 65.3 % | 3Q/22 |
| Households Debt To Income | 118 % | 2021 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | -3.8 % | Mar/23 |
