Fiscal Balance in Finland

Finland Fiscal Balance | Economic News & Forecasts

Finland - Fiscal Balance

Momentum waned somewhat in Q3, according to preliminary national accounts data. Economic activity growth slowed on average in monthly terms in Q3, as did retail sales, although industrial output rose at a marginally higher pace. Prospects for Q4 are mixed: In October, economic sentiment hit its highest level since at least February 1990, although consumer confidence dropped to a five-month low, likely due to higher price pressures and a slowdown in job creation at the end of Q3. Meanwhile, on 5 November, Scope Ratings affirmed the country’s ‘AA+’ rating with a stable outlook, citing the economy’s resilience and high government debt affordability. That said, the agency highlighted moderate growth potential and increasing fiscal pressures due to an aging population as threats. Lastly, on 10 November, the country reached its target to fully vaccinate 80% of the population, although current restrictions will remain in place and the use of the Covid-19 pass will be extended.

Finland - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-2.4  -1.7  -0.7  -0.9  -1.1  

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Finland Facts

Value Change Date
Bond Yield0.033.70 %Dec 30
Exchange Rate8.78-0.38 %Jan 01

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