Finland’s GDP is expected to grow at a strong pace of 3.3% in 2017, faster than the EU and euro area on average, supported by a strong increase in investment, robust private consumption and net exports. The economy’s growth prospects contribute to an improved outlook for public finances. The general government balance – still in deficit – is moving towards equilibrium, while the debt-to-GDP ratio is projected to decline. The structural balance, however, is set to worsen.

Indicators 2016 2017 2018 2019
GDP growth (%, yoy) 1,9 3,3 2,7 2,4
Inflation (%, yoy) 0,4 0,9 1,3 1,7
Unemployment (%) 8,8 8,6 8,3 8,0
Public budget balance (% of GDP) -1,7 -1,4 -1,2 -0,8
Gross public debt (% of GDP) 63,1 62,7 62,1 61,6
Current account balance (% of GDP) -1,4 -1,1 -0,3 0,4

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