Finland: economy

What is Finland's GDP growth rate?

Finland's GDP grew by 0.3% in the second quarter of 2026 from the previous quarter, seasonally adjusted, according to the key figures on Statistics Finland's quarterly national accounts page. The first release on 28 August 2026 put growth at 0.4%; the key figure has since been revised. For the full year 2025, Statistics Finland reports preliminary growth of 0.8%.

In its August release, Statistics Finland said demand was boosted mainly by exports, which rose 5.7% in volume, and private investment, while public investment fell 35.3% because no fighter aircraft deliveries were recorded in the quarter. Quarterly figures are revised as more data arrive, and annual figures are revised again each summer.

Official sources: Statistics Finland: Quarterly national accounts · Statistics Finland: GDP in the second quarter of 2026

What is the inflation rate in Finland?

Inflation was 2.5% in September 2026, up from 2.2% in August, according to Statistics Finland. Consumer prices rose 0.7% from August to September. Petrol, diesel and heating oils did most to push prices up over the year, while cheaper electricity and owner-occupied flats held the rate down.

This is the national consumer price index. On the harmonised EU measure (HICP), Finland's preliminary rate for September was 2.7%, against 3.8% in the euro area. Core inflation, which leaves out food and energy, was 1.5%. Statistics Finland publishes the index monthly, usually in the middle of the following month.

Official sources: Statistics Finland: Inflation 2.5 per cent in September 2026 · Statistics Finland: Consumer price index

What is the interest rate in Finland?

Finland uses the euro, so its policy rates are set by the European Central Bank. The ECB deposit facility rate has been 2.50% since 16 September 2026, the main refinancing rate 2.65% and the marginal lending rate 2.90%, according to the ECB's table of key interest rates. The rates were raised by 0.25 points in June 2026 and again in September, after a year at 2.00% on the deposit rate.

The deposit facility rate is the one the ECB uses to steer policy. The Bank of Finland is part of the Eurosystem and its governor sits on the ECB Governing Council.

Official sources: ECB: Key ECB interest rates · Bank of Finland

What is the economic forecast for Finland?

The Bank of Finland expects GDP to grow by 1.7% in 2026, 1.6% in 2027 and 1.3% in 2028, according to its interim forecast of September 2026. It forecasts inflation of 2.4% in 2026, falling to 1.4% in 2027 and 1.8% in 2028, and an unemployment rate of 10.4% in 2026, 9.8% in 2027 and 9.0% in 2028.

The bank says exports and investment are driving growth and that the forecast is more positive than its June forecast. It describes higher energy prices linked to the Middle East conflict as a temporary push on inflation. The forecast is based on data available on 10 September 2026, and the bank's previous forecast was published in June.

Official sources: Bank of Finland Bulletin: Positive track in Finland's economy will continue

How are Finland's exports doing?

The volume of Finnish exports of goods and services grew by 5.7% in April to June 2026 from the previous quarter, according to Statistics Finland's quarterly national accounts. Statistics Finland notes, citing Finnish Customs, that a large ship delivery raised goods exports in the quarter, but that growth was also visible more widely. Imports grew 2.2%.

Finnish Customs publishes the monthly value of goods trade, by product and by country, on its statistics pages; those pages could not be read by our checker on 15 October 2026. Export volumes in the national accounts include services and are adjusted for price changes, so they differ from the Customs value figures.

Official sources: Statistics Finland: GDP in the second quarter of 2026 · Finnish Customs: Statistics

What is Finland's economic growth rate?

The latest figure from the World Bank, for 2025, is 0.2%. The peak was 5.3% in 2007 and the low -8.1% in 2009. Across Europe & Central Asia the middle value was 2.1%, and Finland placed 49th highest of 49. Worldwide: 169th of 180.

What is GDP per capita in Finland?

The World Bank puts GDP per person in Finland at $56,149 in 2025. That is the highest since at least 2005. Across Europe & Central Asia the middle value was $28,420, and Finland placed 13th highest of 49. World rank, highest first: 18th of 180.

What is Finland's GDP per person adjusted for prices?

The World Bank puts GDP per person at purchasing power parity in Finland at $65,884 in international dollars in 2025. No year since 2005 has been higher. It is 13th highest of 49 in Europe & Central Asia, where the median is $50,946 in international dollars. Worldwide: 23rd of 179.

How much does Finland export?

The World Bank puts exports of goods and services in Finland at 42.3% of GDP in 2025. Its high point since 2005 was 2022, at 46.3% of GDP; its low point was 2016, at 35.3% of GDP. It is 28th highest of 46 in Europe & Central Asia, where the median is 47.7% of GDP. Of 133 countries with 2025 data, 49th highest.

Does Finland have a current account surplus or deficit?

The IMF puts the current account balance in Finland at 1.6% of GDP in 2025. Since 2005 it has ranged from -2.5% of GDP (2022) to 4.1% of GDP (2007). It is 15th highest of 47 in Europe & Central Asia, where the median is -0.3% of GDP. World rank, highest first: 41st of 132.

How much foreign investment does Finland receive?

The IMF puts net inflows of foreign direct investment in Finland at 0.1% of GDP in 2025. The peak was 8.6% of GDP in 2007 and the low -3.8% of GDP in 2018. Europe & Central Asia median: 1.9% of GDP; Finland is 39th highest of 49. Worldwide: 156th of 179.