Fiscal Balance in Finland

Finland Fiscal Balance | Economic News & Forecasts

Finland - Fiscal Balance

The economy appears to have gathered momentum in the second quarter, according to a preliminary estimate from Statistics Finland based on the monthly economic activity indicator. Moreover, in June, economic activity expanded at the fastest pace in over one year in annual terms, suggesting that growth momentum likely carried over into the third quarter. A tighter labor market, as reflected by the unemployment rate hitting an over one-decade low in June; higher disposable income; and low inflation should continue propelling growth in Q3. That said, a somber global economic outlook and political uncertainty in Europe are restraining consumer spending, as well as investment plans. Both factors were also behind the fall in merchandise exports observed in Q2.

Finland - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.6  -3.2  -2.8  -1.7  -0.8  

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Finland Facts

ValueChangeDate
Bond Yield-0.353.70 %Sep 04
Exchange Rate9.03-0.38 %Sep 04
Stock Market3,8790.0 %Sep 04

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Economic News

  • Finland: Growth holds steady in Q2; government proposes higher spending in 2020

    August 30, 2019

    A second GDP release revealed the economy grew a revised 0.5% in Q2 2019 in seasonally-adjusted quarter-on-quarter terms (previously reported: +0.9% quarter-on-quarter), which was unchanged from Q1’s revised figure of 0.5% (previously reported: +0.6% quarter-on-quarter).

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  • Finland: Current account surplus widens in June

    August 15, 2019

    The current account balance improved to a EUR 0.8 billion surplus in June from the revised EUR 0.6 billion surplus in May (previously reported: surplus of EUR 0.3 billion). In the 12 months leading up to June, the current account balance totaled a EUR 1.5 billion deficit, marking an improvement over the EUR 3.4 billion deficit in May. The trade balance improved to a EUR 0.4 billion surplus in June from the EUR 0.1 billion surplus in May.

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  • Finland: Economic activity growth surges in June

    August 14, 2019

    Economic activity grew a working-day adjusted 2.2% in June compared to the same month a year earlier, up from May’s 0.8% increase.

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  • Finland: Inflation slows in July

    August 14, 2019

    Consumer prices fell 0.3% in July compared to the previous month, contrasting the 0.1% increase in June.

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  • Finland: Economic growth slows in May

    July 16, 2019

    Economic activity grew a working-day adjusted 0.8% in May compared to the same month a year earlier, down from April’s substantially revised 1.8% growth reading (previously reported: +2.8% year-on-year).

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