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 | 1 % | 3Q/22 |
| GDP Growth Rate | -0.3 % | 3Q/22 |
| GDP per capita | 46297 USD | 2021 |
| Inflation Rate YoY | 9.1 % | Dec/22 |
| Interest Rate | 3 % | Feb/23 |
| Unemployment Rate | 6.7 % | Dec/22 |
| Wages | 3794 EUR/Month | 4092.066 USD/Month | 3Q/22 |
| Balance of Trade | 420 EUR Million | 0.453 B USD | Nov/22 |
| Current Account | 1045 EUR Million | 1.127 B USD | Nov/22 |
| Foreign Exchange Reserves | 15064 EUR Million | 16.247 B USD | Dec/22 |
| Government Debt | 141628 EUR Million | 152.755 B USD | Dec/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 297 USD Billion | 2021 |
| GDP Annual Growth Rate | 1 % | 3Q/22 |
| GDP Growth Rate | -0.3 % | 3Q/22 |
| GDP per capita | 46297 USD | 2021 |
| Gross National Product | 59501 EUR Million | 64.176 USD Billion | 3Q/22 |
| GDP Constant Prices | 58924 EUR Million | 63.553 B USD | 3Q/22 |
| GDP per capita PPP | 48753 USD | 2021 |
| GDP From Agriculture | 1317 EUR Million | 1.42 B USD | 3Q/22 |
| GDP From Construction | 3374 EUR Million | 3.639 B USD | 3Q/22 |
| GDP From Manufacturing | 8653 EUR Million | 9.333 B USD | 3Q/22 |
| GDP From Public Administration | 9398 EUR Million | 10.136 B USD | 3Q/22 |
| GDP From Services | 36052 EUR Million | 38.884 B USD | 3Q/22 |
| GDP From Transport | 1853 EUR Million | 1.999 B USD | 3Q/22 |
| GDP From Utilities | 1561 EUR Million | 1.684 B USD | 3Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 72.4 % | 2021 |
| Government Budget Value | -816 EUR Million | -0.88 USD Billion | Nov/22 |
| Government Spending | 13871 EUR Million | 14.961 USD Billion | 3Q/22 |
| Government Debt | 141628 EUR Million | 152.755 USD Billion | Dec/22 |
| Government Revenues | 4668 EUR Million | 5.035 USD Billion | Nov/22 |
| Fiscal Expenditure | 5483 EUR Million | 5.914 B USD | Nov/22 |
| Government Budget to GDP | -2.7 % | 2021 |
| Government Spending to GDP | 54.9 % | 2021 |
| Military Expenditure | 5904 USD Million | 5.904 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 117 index points | Dec/22 |
| Export Prices | 140 index points | Dec/22 |
| Food Inflation | 16 % | Dec/22 |
| Gasoline Prices | 2.13 USD/Liter | Jan/23 |
| GDP Deflator | 116 index points | 3Q/22 |
| Import Prices | 148 index points | Dec/22 |
| Inflation Rate YoY | 9.1 % | Dec/22 |
| Producer Prices | 144 index points | Dec/22 |
| Inflation Rate Mom | -0.1 % | Dec/22 |
| Core Consumer Prices | 111 Index Points | Dec/22 |
| Core Inflation Rate | 4.8 % | Jan/23 |
| CPI Housing Utilities | 176 Index Points | Dec/22 |
| CPI Transportation | 118 Index Points | Dec/22 |
| Harmonised Consumer Prices | 117 Index Points | Dec/22 |
| Producer Prices Change | 14.5 % | Dec/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 0.9 % | 2021 |
| Weapons Sales | 12 USD Million | 2020 |
| Balance of Trade | 420 EUR Million | 0.453 USD Billion | Nov/22 |
| Capital Flows | -581 EUR Million | -0.627 USD Billion | Nov/22 |
| Current Account | 1045 EUR Million | 1.127 USD Billion | Nov/22 |
| Exports | 8045 EUR Million | 8.677 USD Billion | Nov/22 |
| External Debt | 627495 EUR Million | 676.793 USD Billion | 3Q/22 |
| Foreign Exchange Reserves | 15064 EUR Million | 16.247 USD Billion | Dec/22 |
| Imports | 7625 EUR Million | 8.224 USD Billion | Nov/22 |
| Terms of Trade | 94.3 Index Points | Dec/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 6.51 % | Dec/22 |
| Gold Reserves | 49.02 Tonnes | 4Q/22 |
| Interbank Rate | 2.54 % | Feb/23 |
| Interest Rate | 3 % | Feb/23 |
| Loans to Private Sector | 105262 EUR Million | 113.532 USD Billion | Dec/22 |
| Money Supply M0 | 27179 EUR Million | 29.314 USD Billion | Dec/22 |
| Money Supply M1 | 185389 EUR Million | 199.954 USD Billion | Dec/22 |
| Money Supply M2 | 199748 EUR Million | 215.441 USD Billion | Dec/22 |
| Money Supply M3 | 241634 EUR Million | 260.617 USD Billion | Dec/22 |
| Central Bank Balance Sheet | 988 EUR Million | 1.066 B USD | Jan/23 |
| Foreign Direct Investment | 76189 EUR Million | 82.175 B USD | 2021 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 64 | 2022 |
| Retirement Age Women | 64 | 2022 |
| Unemployment Rate | 6.7 % | Dec/22 |
| Wages | 3794 EUR/Month | 4092.066 USD/Month | 3Q/22 |
| Youth Unemployment Rate | 16.1 % | Dec/22 |
| Employed Persons | 2605 Thousand Person | 2.605 Million Person | Dec/22 |
| Employment Change | -0.8 % | 3Q/22 |
| Employment Rate | 73.4 % | Dec/22 |
| Full Time Employment | 2105 Thousand Person | 3Q/22 |
| Job Vacancies | 64612 | 64.612 K | Dec/22 |
| Labor Force Participation Rate | 67.7 % | Dec/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 % | 3Q/22 |
| Part Time Employment | 418 Thousand Persons | 3Q/22 |
| Unemployed Persons | 187 Thousand Persons | 0.187 Million Persons | Dec/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 % | 2022 |
| Personal Income Tax Rate | 56.95 % | 2021 |
| Sales Tax Rate | 24 % | 2022 |
| 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 | 5705 GWh | Nov/22 |
| Industrial Production | -3.1 % | Nov/22 |
| Mining Production | -26.7 % | Nov/22 |
| Steel Production | 339 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | -1.2 % | Nov/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 671 companies | 4Q/22 |
| Business Confidence | -4 index points | Jan/23 |
| Corruption Index | 87 index points | 2022 |
| Corruption Rank | 2 place | 2022 |
| Ease of Doing Business | 20 place | 2019 |
| Manufacturing Production | -1.8 % | Nov/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 | -12.7 index points | Jan/23 |
| Private Debt To GDP | 230 % | 2021 |
| Retail Sales MoM | 1.1 % | Nov/22 |
| Retail Sales YoY | 5.5 % | Nov/22 |
| Consumer Credit | 17056 EUR Million | 18.396 USD Billion | Dec/22 |
| Consumer Spending | 31199 EUR Million | 33.65 USD Billion | 3Q/22 |
| Households Debt To GDP | 66.1 % | 2Q/22 |
| Households Debt To Income | 119 % | 2021 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | -1 % | Nov/22 |
