Economy

Finland

2019, a year of economic pessimism for Finnish consumers

The Nomad Today 12/27/19

Employed consumers felt that their personal threat of unemployment had increased in recent times. Men are likely to have better confidence in the economy than women.

Finland

Is Finland about to suffer an increase in unemployment?

The Nomad Today 12/20/19

The number of unemployed job seekers increased by 3,800 in November, when the great Christmas sales campaign is at its peak. Bankruptcies of companies are increasing, especially in the main…

Finland

2019-2022 FORECAST

Finland's economic growth to slow down in coming years

The Nomad Today 12/18/19

According to the Ministry of Finance, GDP will increase only by 1% in 2020, to grow just one tenth more in 2021 and 2022. General government finances will remain in deficit and debt will…

Finland

Finland's economy grows driven by consumption and exports

The Nomad Today 11/29/19

Gross Domestic Product (GDP) increased in the third quarter 2019 by 2.2% from twelve months back and by 0.7% compared to the previous quarter.

Finland

Consumer confidence in Finnish economy sank in October

The Nomad Today 10/28/19

Pensioners and unemployed persons had the gloomiest expectations concerning economic development. Men are inclined to believe in the economy more than women, according to Statistics Finland.

Finland

Dark clouds ahead economy: growth and job creation slowing down

The Nomad Today 10/7/19

According to the Ministry of Finance's short-term outlook for the economy, Finland's public finances suffer from a structural deficit which is expected to grow over the next few years. Economic…

Finland

Fear of unemployment keeps confidence in Finnish economy to a minimum

The Nomad Today 9/27/19

Employed consumers felt that their personal threat of unemployment has also increased considerably in recent times, according to data of the Consumer Confidence Indicator (CCI).

Finland

National Accounts 2019

Finnish economy grew by 1.2% in the last twelve months

The Nomad Today 8/30/19

Gross domestic product increased by 0.5% in April to June compared to the previous quarter. Private consumption grew by 0.9% and investments by 0.5%.

Finland

Finns fail to overcome pessimism about the future of the economy

The Nomad Today 8/27/19

The Consumer Confidence Indicator (CCI) stood in August at -4.5 and added its tenth consecutive month in negative values. Consumers expect the general employment situation to darken in the near…

Finland

Producer prices for manufactured products fell by 0.8%

The Nomad Today 8/26/19

They went down especially due to reductions in the prices of pulp, oil products and basic iron and steel during the last year.

Finland

Output of the national economy grew in June

The Nomad Today 8/14/19

Seasonally adjusted output rose by 0.9% from the previous month. According to Statistics Finland, seasonally adjusted GDP also increased by 0.9% in the second quarter 2019.

Finland

Finns are pessimistic about the future of the economy

The Nomad Today 7/29/19

Consumer confidence added in July the ninth consecutive month in negative values. Employed consumers felt a greater threat of unemployment, according to Statistics Finland.

Finland

254,200 jobseekers registered in employment offices

The Nomad Today 7/23/19

During the last 12 months, unemployment fell in Finland in most categories, also among people over 50 years-old and among long-term unemployed. The number of unfilled vacancies at employment offices…

Finland

Consumer confidence sank in June

The Nomad Today 6/27/19

Employed consumers felt that their personal threat of unemployment has increased in recent times.

Finland

GDP growth in 2018 revised downwards

The Nomad Today 6/20/19

According to Statistics Finland revised data, the volume of GDP grew by 1.7 per cent in 2018. The initial preliminary data released in March put the rate of growth at 2.3 per cent. Wages and…

Finland

Finland first in the EU’s digital comparison

The Nomad Today 6/12/19

The high competence level is one of Finland's strongest competitive advantages: 76 per cent of the population have at least basic digital skills, which is a long way above the EU average (57%).

Finland

Turnover of large Finnish enterprises grew in April

The Nomad Today 5/31/19

The turnover estimate of large enterprises is based on a sample formed of 2,000 enterprises with the most significant turnover in manufacturing, construction, trade and other service industries.

Finland

Finland's GDP grew by 0.2% from the previous quarter thanks to exports

The Nomad Today 5/29/19

In the first quarter of 2019, the volume of exports increased by 3.9% year-on-year. However, imports and private consumption contracted.

Finland

Turnover of large enterprises grew in March

The Nomad Today 4/30/19

The enterprises described in the statistics make up approximately 70 per cent of the turnover of all enterprises operating in Finland and employ good 40 per cent of the personnel of all enterprises

Finland

Finland ended 2018 with a deficit of 1.6 billion

The Nomad Today 4/18/19

The figure represents 0.7% of GDP, clearly below the limit established by the EU Stability Pact. Consolidated general government gross debt (EDP debt) amounted to 137.5 billion euros (58.9 per…