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Finland

Headline economic indicators for Finland, with the most recent official readings.

Prices

Prices — Finland
Indicator Value Change
Inflation rate · 0.3% -1.24 (-78.9%)
Consumer price index · 133.5 +0.44 (+0.3%)
Inflation rate (monthly) · 2.7% +0.30 (+12.5%)
Harmonised consumer price index · 125.7 +0.84 (+0.7%)
House price index (quarterly) · 103.5 -0.85 (-0.8%)
House price inflation, year on year (quarterly) · -2.0% +0.57 (+22.4%)
Real house price index (quarterly) · 77.0 -1.30 (-1.7%)
Real house price growth, year on year (quarterly) · -2.6% -0.01 (-0.2%)
Producer prices, year on year (monthly) · 9.7% +2.60 (+36.6%)
GDP deflator inflation · 1.5% +0.77 (+106.7%)

GDP

GDP — Finland
Indicator Value Change
GDP growth rate · 0.2% -0.20 (-53.7%)
GDP per capita · 56,148.58 +2,993 (+5.6%)
GDP growth, quarter on quarter · 0.5% +0.10 (+25.0%)
GDP growth, year on year (quarterly) · 2.1% +0.60 (+40.0%)
Industrial production, year on year (monthly) · 0.9% -3.70 (-80.4%)
Retail sales volume, year on year (monthly) · 4.3% +0.20 (+4.9%)
Economic sentiment indicator (monthly) · 98.0 -3.40 (-3.4%)
Consumer confidence (monthly) · -9.4 -4.30 (-84.3%)
GDP per capita, long-run history · 40,701 +723.61 (+1.8%)
GDP · 317,039,368,819.61 +18,309,936,108 (+6.1%)
GDP, PPP · 372,012,543,175 +5,947,379,271 (+1.6%)
GDP per capita, PPP · 65,884 +747.31 (+1.1%)
GDP per capita growth · -0.3% -0.03 (-10.7%)
GNI per capita · 55,250 +3,540 (+6.8%)
Agriculture to GDP · 2.6% +0.14 (+5.8%)
Industry to GDP · 22.5% -0.26 (-1.1%)
Manufacturing to GDP · 14.2% +0.01 (+0.1%)
Services to GDP · 62.1% -0.10 (-0.2%)
Household consumption to GDP · 50.8% -0.38 (-0.7%)
Gross capital formation to GDP · 21.9% -0.44 (-1.9%)
Gross savings to GDP · 23.1% +1.18 (+5.4%)

Labour

Labour — Finland
Indicator Value Change
Unemployment rate · 9.5% +1.06 (+12.6%)
Unemployment rate (monthly) · 11.0% +1.10 (+11.1%)
Labour force participation rate · 59.7% -0.17 (-0.3%)
Female labour force participation rate · 56.5% -0.17 (-0.3%)
Youth unemployment rate · 21.5% +2.80 (+15.0%)
Employment to population ratio · 54.0% -0.79 (-1.4%)
Employment in agriculture · 3.5% -0.08 (-2.1%)
Employment in industry · 20.8% -0.13 (-0.6%)
Employment in services · 75.7% +0.21 (+0.3%)

Money

Money — Finland
Indicator Value Change
Central bank policy rate · 2.7% +0.25 (+10.4%)
ECB deposit facility rate · 2.5% +0.25 (+11.1%)
Real effective exchange rate (monthly) · 97.5 +0.27 (+0.3%)
Nominal effective exchange rate (monthly) · 104.0 +0.09 (+0.1%)
Private sector credit to GDP (quarterly) · 173.4% -2.78 (-1.6%)
Credit-to-GDP gap (quarterly) · -21.09 pp -2.01 (-10.5%)
Debt service ratio, private sector (quarterly) · 17.8% -0.30 (-1.7%)
Debt service ratio, households (quarterly) · 7.4% -0.10 (-1.3%)
Debt service ratio, non-financial corporations (quarterly) · 38.5% -1.20 (-3.0%)
Cost of borrowing for house purchase (monthly) · 3.2% +0.06 (+1.9%)
Cost of borrowing for corporations (monthly) · 4.2% +0.39 (+10.3%)
10-year government bond yield (monthly) · 3.8% +0.28 (+7.9%)
Private sector credit to GDP · 92.0% -1.19 (-1.3%)
Stock market capitalization to GDP · 10.3% -0.63 (-5.8%)
Bank nonperforming loans · 1.4% -0.01 (-0.9%)
Official exchange rate · 0.88 -0.04 (-4.2%)

Trade

Trade — Finland
Indicator Value Change
Current account to GDP · 1.6% +2.22 (+351.6%)
Exports to GDP · 42.3% +0.42 (+1.0%)
Imports to GDP · 41.1% -0.48 (-1.2%)
Trade to GDP · 83.4% -0.06 (-0.1%)
Exports of goods and services · 134,192,277,447.84 +9,014,976,237 (+7.2%)
Imports of goods and services · 130,205,696,939.61 +6,090,210,969 (+4.9%)
Trade balance, goods and services (annual) · 4,953,978,651.79 +4,533,568,948 (+1,078.4%)
Current account balance (annual) · 5,039,822,495.06 +6,927,494,795 (+367.0%)
Foreign direct investment to GDP · 0.1% -2.81 (-96.1%)
Remittances received to GDP · 0.3% -0.00 (-1.7%)
Total reserves, including gold · 22,457,097,709.87 +4,464,205,556 (+24.8%)
Reserves in months of imports · 1.6 +0.27 (+19.5%)

Government

Government — Finland
Indicator Value Change
Government debt to GDP · 58.3% +6.63 (+12.8%)
Government debt to GDP (quarterly) · 90.2% +0.70 (+0.8%)
Government revenue to GDP · 41.8% -0.47 (-1.1%)
Government expense to GDP · 44.9% +6.97 (+18.4%)
Tax revenue to GDP · 25.3% -0.03 (-0.1%)
Government budget balance to GDP · -3.5% -1.58 (-83.8%)
Government consumption to GDP · 26.1% -0.03 (-0.1%)
Education spending to GDP · 6.4% -0.21 (-3.2%)
Health spending to GDP · 10.5% +0.73 (+7.5%)

Demography

Demography — Finland
Indicator Value Change
Population · 5,646,436 +26,525 (+0.5%)
Population, long-run history · 5,556 +14.90 (+0.3%)
Population growth · 0.5% -0.17 (-26.7%)
Life expectancy · 82.3 +0.75 (+0.9%)
Fertility rate · 1.25 -0.01 (-0.8%)
Birth rate · 7.8 +0.00 (+0.0%)
Death rate · 10.4 -0.60 (-5.5%)
Urban population share · 74.5% +0.26 (+0.4%)
Population aged 65 and over · 24.2% +0.30 (+1.3%)
Under-five mortality rate · 2.4 +0.00 (+0.0%)
Population density · 18.5 +0.12 (+0.6%)
Net migration · 18,246 -8,648 (-32.2%)
Gini index · 27.4 -0.50 (-1.8%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: ECB

Source: ECB euro foreign exchange reference rates

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Finland

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Comparable readings from neighbouring economies.