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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 269 USD Billion 2019
GDP Annual Growth Rate -1.4 % 4Q/20
GDP Growth Rate 0.4 % 4Q/20
GDP per capita 49241 USD 2019
Inflation Rate YoY 1.3 % Mar/21
Interest Rate 0 % Apr/21
Unemployment Rate 8.1 % Mar/21
Wages 3620 EUR/Month | 4394.911 USD/Month 4Q/20
Balance of Trade -305 EUR Million | -0.37 B USD Mar/21
Current Account 373 EUR Million | 0.453 B USD Feb/21
Foreign Exchange Reserves 11128 EUR Million | 13.51 B USD Mar/21
Government Debt 128372 EUR Million | 155.852 B USD Mar/21


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 -1.4 % 4Q/20
GDP Growth Rate 0.4 % 4Q/20
GDP per capita 49241 USD 2019
Gross National Product 56990 EUR Million | 69.189 USD Billion 4Q/20
GDP Constant Prices 56295 EUR Million | 68.346 B USD 4Q/20
GDP per capita PPP 48621 USD 2019
GDP From Agriculture  1299 EUR Million | 1.577 B USD 4Q/20
GDP From Construction  3061 EUR Million | 3.716 B USD 4Q/20
GDP From Manufacturing  8580 EUR Million | 10.417 B USD 4Q/20
GDP From Public Administration  9075 EUR Million | 11.018 B USD 4Q/20
GDP From Services  34039 EUR Million | 41.326 B USD 4Q/20
GDP From Transport  1951 EUR Million | 2.369 B USD 4Q/20
GDP From Utilities  1422 EUR Million | 1.726 B USD 4Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 69.2 % 2020
Government Budget Value -1418 EUR Million | -1.722 USD Billion Mar/21
Government Spending 14734 EUR Million | 17.888 USD Billion 4Q/20
Government Debt 128372 EUR Million | 155.852 USD Billion Mar/21
Government Revenues 4315 EUR Million | 5.239 USD Billion Dec/20
Fiscal Expenditure  6768 EUR Million | 8.217 B USD Dec/20
Government Budget to GDP -5.4 % 2020
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) 105 index points Mar/21
Export Prices 107 index points Mar/21
Food Inflation 0.5 % Mar/21
Gasoline Prices 1.87 USD/Liter Apr/21
GDP Deflator 105 index points 4Q/20
Import Prices 109 index points Mar/21
Inflation Rate YoY 1.3 % Mar/21
Producer Prices 107 index points Mar/21
Inflation Rate Mom 0.2 % Mar/21
Core Consumer Prices 104 Index Points Mar/21
Core Inflation Rate 1.2 % Apr/21
CPI Housing Utilities 149 Index Points Mar/21
CPI Transportation 106 Index Points Mar/21
Harmonised Consumer Prices 105 Index Points Mar/21
Producer Prices Change  6.7 % Mar/21


Trade Indicators

Indicator Data Period
Current Account to GDP 0.3 % 2020
Weapons Sales 12 USD Million 2020
Balance of Trade -305 EUR Million | -0.37 USD Billion Mar/21
Capital Flows 419 EUR Million | 0.509 USD Billion Feb/21
Current Account 373 EUR Million | 0.453 USD Billion Feb/21
Exports 5700 EUR Million | 6.92 USD Billion Apr/21
External Debt 529347 EUR Million | 642.661 USD Billion 4Q/20
Foreign Exchange Reserves 11128 EUR Million | 13.51 USD Billion Mar/21
Imports 6000 EUR Million | 7.284 USD Billion Apr/21
Terms of Trade  98.1 Index Points Mar/21


Money Indicators

Indicator Data Period
Bank Lending Rate 4.06 % Mar/21
Gold Reserves 49.14 Tonnes 4Q/20
Interbank Rate -0.53 % May/21
Interest Rate 0 % Apr/21
Loans to Private Sector 96737 EUR Million | 117.445 USD Billion Mar/21
Money Supply M0 25078 EUR Million | 30.446 USD Billion Mar/21
Money Supply M1 174629 EUR Million | 212.011 USD Billion Mar/21
Money Supply M2 185796 EUR Million | 225.568 USD Billion Mar/21
Money Supply M3 222895 EUR Million | 270.609 USD Billion Mar/21
Central Bank Balance Sheet 531 EUR Million | 0.645 B USD Apr/21
Foreign Direct Investment 76394 EUR Million | 92.747 B USD 2019


Labor Indicators

Indicator Data Period
Retirement Age Men 63.75 2020
Retirement Age Women 63.75 2020
Unemployment Rate 8.1 % Mar/21
Wages 3620 EUR/Month | 4394.911 USD/Month 4Q/20
Youth Unemployment Rate 20 % Dec/20
Employed Persons 2496 Thousand Person | 2.496 Million Person Mar/21
Employment Change  0.6 % 4Q/20
Employment Rate  70.7 % Mar/21
Full Time Employment 2054 Thousand Person 4Q/20
Job Vacancies 79299 | 79.299 K Mar/21
Labor Force Participation Rate 65.8 % Mar/21
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 1.3 % 3Q/20
Part Time Employment 384 Thousand Persons 4Q/20
Unemployed Persons 219 Thousand Persons | 0.219 Million Persons Mar/21
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 % 2020
Personal Income Tax Rate 56.95 % 2020
Sales Tax Rate 24 % 2020
Social Security Rate 32.52 % 2020
Social Security Rate For Companies 20.76 % 2020
Social Security Rate For Employees 11.76 % 2020


Production Indicators

Indicator Data Period
Electricity Production 6506 GWh Feb/21
Industrial Production -2.3 % Mar/21
Mining Production -13.2 % Feb/21
Steel Production 339 Thousand Tonnes Dec/20
Industrial Production (MoM) -2.1 % Mar/21


Business Indicators

Indicator Data Period
Bankruptcies 695 companies 1Q/21
Business Confidence 9.8 index points Apr/21
Corruption Index 85 index points 2020
Corruption Rank 3 place 2020
Ease of Doing Business 20 place 2019
Manufacturing Production 4.9 % Feb/21
Competitiveness Index 80.25 Index Points 2019
Competitiveness Rank 11 2019
Leading Economic Index  -0.6 % Feb/21


Consumer Indicators

Indicator Data Period
Consumer Confidence 3.8 index points Apr/21
Private Debt To GDP 226 % 2019
Retail Sales MoM 1.3 % Feb/21
Retail Sales YoY 4.8 % Feb/21
Consumer Credit 16491 EUR Million | 20.021 USD Billion Mar/21
Consumer Spending 29014 EUR Million | 35.225 USD Billion 4Q/20
Households Debt To GDP 68.6 % 3Q/20
Households Debt To Income 116 % 2019


Housing Market

Indicator Data Period
Construction Output -3.4 % Feb/21


Government Debt
dept_icon
155.852
USD Billion
#24 from 65 countries
Balance of Trade
balance_icon
-0.37
USD Billion
#99 from 173 countries


Gold Reserves
gold_reserve_icon
49.14
Tonnes
#45 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
13.51
USD Billion
#66 from 114 countries


Government Budget Value
balance_icon
-1.722
USD Billion
#74 from 113 countries
Inflation Rate
inflation_icon
1.3
%
#125 from 174 countries


Interest Rate
discount_rate_icon
0
%
#146 from 159 countries
Bank Lending Rate
credit_rate_icon
4.06%
#54 from 55 countries


Unemployment Rate
unemployment_icon
8.1
%
#89 from 171 countries
Wages
salary_icon
4394.911
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


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