Fiscal Balance in Finland

Finland Fiscal Balance | Economic News & Forecasts

Finland - Fiscal Balance

Quarter-on-quarter economic growth accelerated in Q1 according to a comprehensive GDP release, matching the initial estimate and up from Q4’s reading. The acceleration was due to a sharp increase in government consumption and a large growth contribution from the external sector on higher exports and lower imports. Turning to Q2, economic activity rose annually in April at the fastest pace since March 2018; however, the unemployment rate ticked up. In politics, the Social Democrats recently formed a majority coalition government with the Center Party, the Green Party, the Left Alliance and the Swedish People’s Party. The government pledged to raise public spending by EUR 1.2 billion every year and spend EUR 3 billion in one-off investments over the next four years in a bid to make Finland a carbon neutral country by 2035; extra spending is to be financed by fossil fuel taxes and state asset selloffs.

Finland - Fiscal Balance Data

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

Sample Report

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

Download

Finland Facts

ValueChangeDate
Bond Yield-0.033.70 %Jul 11
Exchange Rate8.54-0.38 %Jul 11
Stock Market3,9520.0 %Jul 11

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a 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

Economic News

  • 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).

    Read more

  • Finland: Current account balance rebounds in May from April’s record low

    July 15, 2019

    The current account balance swung to a EUR 0.3 billion surplus in May, contrasting the EUR 4.2 billion deficit recorded in April, which represented the lowest reading since contemporary records began in January 2006 due to a massive slump in the primary income balance. In the 12 months leading up to May, the current account balance totaled a EUR 4.0 billion deficit, marking an improvement over the EUR 5.3 billion shortfall in April. The trade balance improved to a EUR 0.2 billion surplus in May, contrasting the EUR 0.2 billion deficit in April.

    Read more

  • Finland: Inflation slows in June

    July 15, 2019

    Consumer prices increased 0.1% in June compared to the previous month, contrasting the 0.2% fall registered in May.

    Read more

  • Finland: Current account deficit widens to a multi-decade high

    June 14, 2019

    The current account balance slumped to a EUR 4.2 billion deficit in April, deteriorating from March’s revised EUR 0.24 billion shortfall (previously reported: EUR 0.47 billion deficit) and representing the lowest reading since contemporary records began in January 2006. The main reason for April’s slump was a massive downturn in the primary income account balance, which was itself caused by a strong increase in investment income debits on the back of international company restructurings at the end of last year. In the 12 months leading up to April, the current account balance totaled a EUR 5.3 billion deficit, representing a deterioration from the EUR 1.9 billion shortfall in March. The trade balance fell to a EUR 0.2 billion deficit in April, contrasting the EUR 0.2 billion surplus in March.

    Read more

  • Finland: Inflation slows in May

    June 14, 2019

    Consumer prices fell 0.2% in May compared to the previous month, contrasting the 0.6% rise logged in April.

    Read more

Search form