Finland skyline

Finland Unemployment (% of active population, eop)

Unemployment in Finland

After the economy shrank in Q4 due to depressed domestic demand, quarter-on-quarter GDP likely contracted for the third consecutive quarter in Q1 2023. On average, in January–February, economic activity declined on a calendar-adjusted monthly basis, with all sectors of the economy shrinking. Additionally, merchandise exports growth in January–February softened from the prior quarter amid subdued external demand. The European Central Bank’s interest rate hikes in February–March likely also constrained activity. More positively, month-on-month retail sales rebounded on average in the first two months of the quarter compared to Q4, and the unemployment rate declined steadily through March. This, coupled with cooling price pressures throughout the quarter, bodes well for household spending. In other news, on 4 April, Finland became the 31st member of NATO.

Finland Unemployment Chart

This chart displays Unemployment (% of active population, eop) for Finland from 2013 to 2022.

Finland Unemployment Data

2017 2018 2019 2020 2021
Unemployment (% of active population, eop) 9.0 5.9 6.5 8.2 7.2

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest