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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
2 Corruption rank#6
20 Ease of doing business#17
Finland


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



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