Economic outlook in Finland

In June 2018, the Bank of Finland expected Finland's economic growth to continue and remain broadly based. GDP growth forecasts for 2018–2020 stand at 2.9%, 2.2% and 1.7%. The declining growth rate in the immediate years ahead reflects the moderate long-term outlook for growth. Inflation will remain close to 1% over the years 2018–2019 before gathering pace and reaching 1.5% in 2020.

FACTS ABOUT FINLAND

 
Population5.5 million
Currencyeuro
Unemployment rate (Feb 2018)8.4%
Average inflation rate (2017)0.7%
GDP per capita (2017)40,612 €
Tax ratio, tax to GDP (2017)44.1%


 

Last modified: 
10/01/2018