Finnish economy

Finland

SURVEY

Consumer confidence in Finnish economy strongest in over 3 years

The Nomad Today 6/28/21

Upper-level salaried employees and students were the most optimistic

Finland

BUSINESS

Output of the Finnish economy grew strongly in April

The Nomad Today 6/15/21

Production grew in all sectors

Finland

OUTPUT

Production in the Finnish economy stalls on its way to recovery

The Nomad Today 5/18/21

It is estimated that the number of the employed decreased by around 0.7% in the first quarter from one year ago.

Finland

YEAR-ON-YEAR FALL

Finland's GDP grew in the last quarter of 2020

The Nomad Today 2/26/21

However, the annual comparison shows that the Finnish economy has shrunk compared to a year ago.

Finland

CRISIS

Finnish economy ended 2020 with falls in GDP, output, employment

The Nomad Today 2/16/21

It is estimated that the number of the employed has decreased by around 1.5% from one year ago.

Finland

CONSUMER CONFIDENCE

2020, a year of pessimism for Finnish consumers

The Nomad Today 12/28/20

December was regarded as reasonable for saving and poor for buying durable goods and especially for raising a loan. 

Finland

ECONOMIC ASSESSMENT

OECD: Finnish unemployment rate to remain high by end of 2022

The Nomad Today 12/10/20

The OECD warns of loss of competitiveness and requires reforms aimed at improving the "restrictive" market for products, the "highly selective" education system and the labor market.

Finland

BUSINESS

Consumer confidence in Finnish economy improved in November

The Nomad Today 11/28/20

Expectations concerning the development of the unemployment situation also improved, although they remained on a gloomy level.

Finland

ECONOMIC SURVEY

Government foresees disastrous end of year for Finnish economy

The Nomad Today 10/5/20

 Finland’s general government deficit will grow substantially this year to about 18 billion euros, or 7.7% of GDP. “The economy is at a turning point, as the epidemic has reared its head…

Finland

RECESSION WORSENING

Coronavirus crisis hit the Finnish economy harder than expected

The Nomad Today 8/28/20

Finland's gross domestic product (GDP) contracted 6.4% year-on-year in the second quarter. Private consumption and exports , which are key elements for the good economic functioning of the…

Finland

Finnish economy in recession

The Nomad Today 5/29/20

The country has paid a high toll for the coronavirus crisis, particularly with a large drop on exports.

Finland

Consumer confidence fell to lowest level ever

The Nomad Today 4/27/20

Consumers' expectations of their personal situation are not as bad as those related to the future of the Finnish economy. Pensioners had the gloomiest expectations.

Finland

Finland notifies Brussels of increases in deficit and debt

The Nomad Today 4/22/20

General government deficit was 2.7 billion euros, 700 million more than the year before. Consolidated debt grew by around 3 billion and amounted to 142.5 billion at the end of 2019.

Finland

Finnish economy will shrink at least 5.5% due to coronavirus

The Nomad Today 4/16/20

The unemployment rate will grow up to 8%, according to the forecast of the Ministry of Finance. For the first time ever, the social security funds will be in deficit, while public debt will climb to…

Finland

IMF warns about risks to Finland's general government finances

The Nomad Today 1/16/20

In its evaluation, the IMF says that fiscal buffers are necessary to ensure that the social welfare model can be preserved. The IMF is also concerned about the continuation of household…

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

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

Government wants to turn Finland into a global work and innovation hub

The Nomad Today 8/16/19

The Ministry of Economic Affairs and Employment draft budget for 2020 includes an additional investment of 24 million euros in a new International Growth Programme. There will be 6.5 million euros…

Finland

Industrial production grew in June

The Nomad Today 8/9/19

According to Statistics Finland, in June seasonally adjusted industrial output grew both compared to the previous month and year-on-year.