This country page is a centralised resource for the analytical work on the economy of Finland performed by DG ECFIN. It provides links to the most important pages and documents, such as the European Commission's regular economic forecasts and the country’s compliance with the Stability and Growth Pact.
Last update: 01/07/2011
The Commission publishes macroeconomic forecasts for the EU and the Member States twice a year, in the spring (May) and in the autumn (November). These forecasts are produced by the Directorate-General for Economic and Financial Affairs (DG ECFIN).
DG ECFIN also produces more limited "interim forecasts" in February and September, wich contain one-year projections of GDP growth and consumer price inflation for the euro area, the EU and seven large Member States.
2.1. Assessments of Finland's stability programme
As required by the Stability and Growth Pact, at the end of each year Finland submits an update of the medium-term fiscal strategy it first presented in 1998. Euro area Member States submit stability programmes while countries outside the euro area submit convergence programmes. Based on an assessment by the Commission prepared by DG ECFIN, the Council adopts an opinion on each programme.
2.2. The EU the excessive deficit procedure and Finland
The Commission's annual public finance report prepared by DG ECFIN – entitled "Public Finances in EMU" – includes a chapter on Finland.
Finland is a member of the euro area. It adopted the euro from the start in 1999.
As part of the Europe 2020 strategy for a smart, sustainable and inclusive EU economy, Finland reports each autumn on the implementation of its national reform programme (NRP).
5.1. The EU and Finland
5.2. Country Focus on Finland
>> Managed vs free wage-setting in Finland and Estonia: optimising outcomes (October 2007)
>> Structural unemployment: a blot on the Finnish success story(June 2006)
>> How bright are the Nordic lights?(July 2005)
>> From Wood to Nokia: The impact of ICT - sector in the Finnish economy(June 2004)