Fiscal Balance in Finland

Finland Fiscal Balance | Economic News & Forecasts

Finland - Fiscal Balance

Economic growth slowed marginally in the third quarter, according to revised GDP data. The slight slowdown came in part from a decrease in government spending, while the external sector continued to drag on the economy, albeit to a lesser extent than in the second quarter. More positively, both private consumption and fixed investment picked up in Q3. Turning to the fourth quarter, available data indicates a further slowing of momentum as economic activity declined month-on-month in October. Moreover, growth in real wages slowed in the same month, which may drag on private consumption. In other news, Sanna Marin, the former transport minister, became Finland’s new prime minister on 10 December, following Antti Rinne’s resignation. Marin will head a coalition of five left-leaning parties and no significant change in economic policy direction is foreseen.

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 Yield0.033.70 %Dec 30
Exchange Rate8.78-0.38 %Jan 01

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Economic News

  • Finland: Economic activity growth moderates in October

    December 13, 2019

    Economic activity grew a working-day adjusted 1.5% in October from the same month a year earlier, down from September’s revised 2.1% reading (previously reported: +0.8% year-on-year), according to Statistics Finland’s latest monthly Trend Indicator of Output release. The moderation in October came on the back of decreased activity in the primary sector—encapsulating agriculture, forestry and fishing sub-sectors—which slumped this month and thus weighed on the overall reading.

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  • Finland: Current account surplus widens in October

    December 13, 2019

    The current account surplus widened to EUR 0.5 billion in October from a revised EUR 0.3 billion in September (previously reported: EUR 0.5 billion).

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  • Finland: Inflation dips in November

    December 13, 2019

    Consumer prices decreased 0.1% in November compared with the previous month, reversing October’s 0.1% uptick.

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  • Finland: Economic growth slows slightly in Q3

    November 29, 2019

    A second GDP release revealed the economy grew a revised 0.7% in the third quarter in seasonally- and calendar-adjusted terms from the previous quarter (previously reported: +0.5% quarter-on-quarter), which is down slightly from Q2’s 0.8% reading.

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  • Finland: Current account surplus widens in September

    November 15, 2019

    The current account surplus widened to EUR 0.5 billion in September from EUR 0.2 billion in August.

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