The Finnish economy is slowly turning the corner. After contracting for two consecutive years, Finland’s output stabilised in 2014 and the recovery is expected to continue in 2015 and 2016. An increase in net exports helped to soften the negative impact of a further large decline in investments. Weak labour market conditions and wage moderation will continue weighing down on private consumption.. Finland’s external position has deteriorated in the past decade, but remains sustainable. Public finances have been in deficit since 2009 and public debt is gradually increasing.
Read a complete analysis of Finland's economy in the country report 2015 [933 KB]
The Commission has made five country-specific recommendations to Finland to help it improve its economic performance, which have been approved by all EU member states. These are in the areas of: public finances; cost-effectiveness of public services; labour market; competition in product and services markets; network industries.