Finland Economic Forecast

Finland Economic Outlook

February 27, 2018

Recent indicators point to an economy that has been in good shape since the third quarter of last year, in which weak private consumption led to an overall slowdown. Positive signals include upward revisions to Statistic Finland’s monthly economic activity estimates from September to November. In addition, although economic activity growth slowed month-on-month in December, it remained high by historical standards and capped off a strong fourth quarter. Furthermore, although economic sentiment decreased month-on-month in January—a decrease that was consistent with a dip across the euro area as a whole—it remained elevated, while consumer confidence, specifically, hit an all-time high. However, discouragingly, real wages fell in Q4—albeit at a reduced rate compared to Q3—likely weighed on by measures agreed as part of the Competitiveness Pact.

Finland Economic Growth

Economic growth is expected to slow this year but remain robust, partly thanks to increased exports amid improvements in Finnish cost competitiveness. The economy will also benefit from loose monetary policy and high business confidence, which should support fixed investment. However, the government’s ongoing fiscal consolidation will constrain public consumption’s contribution to growth this year. FocusEconomics panelists expect an economic expansion of 2.4% in 2018, which is unchanged from last month’s forecast, and 2.1% in 2019.

Sample Report

5 years of Finland economic forecasts for more than 30 economic indicators.


Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.


Finland Facts

Bond Yield0.763.70 %Mar 14
Exchange Rate7.71-0.38 %Mar 15
Stock Market4,1130.0 %Mar 15

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Finland Economic News

  • Finland: Growth in economic activity slows in January

    March 16, 2018

    Economic activity grew a working-day adjusted 0.9% in January compared to the same month last year, down from December’s revised growth of 2.7% (previously reported: +3.6% year-on-year), according to the latest monthly Trend Indicator of Output released by Statistics Finland. The deceleration in year-on-year growth in economic activity in January was largely due to a weaker expansion in services production, the most significant form of production in Finland, and a contraction in primary production, which includes agriculture, hunting, forestry, and fishing activity.

    Read more

  • Finland: Finland logs a current account surplus for seventh consecutive month in January

    March 15, 2018

    According to Statistics Finland, the current account was in a surplus of EUR 0.27 billion in January, lower than December’s upwardly-revised EUR 0.40 billion surplus (previously recorded: EUR 0.06 billion deficit).

    Read more

  • Finland: Economic growth accelerates in Q4

    February 28, 2018

    According to preliminary data released on 28 February by Statistics Finland, the economy picked up growth momentum in the fourth quarter of 2017.

    Read more

  • Finland: Current account balance swings to a deficit in December

    February 15, 2018

    According to Statistics Finland, the current account was in a deficit of EUR 0.06 billion in December, a deterioration compared to November’s surplus of EUR 0.09 billion.

    Read more

  • Finland: Growth in economic activity slows in December

    February 14, 2018

    Economic activity grew a working-day adjusted 3.6% in December compared to the same month of the previous year, down from November’s revised 4.3% increase (previously reported: +3.5% year-on-year).

    Read more