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1765 charts

Cyclical situation does not support the consolidation of the public finances

The contractionary effect of GDP on debt-to-GDP ratio is diminishing

General government budget balance and debt-to-GDP ratio (Bank of Finland forecast and medium-term projection)

General government budget balance and debt-to-GDP ratio assuming additional fiscal consolidation of EUR 6 billion in 2025–2027

General government budget balance and debt-to-GDP ratio assuming all the Government’s adjustment and employment targets will be met

General government budget balance and debt-to-GDP ratio assuming additional fiscal consolidation of EUR 5 billion in 2025–2031

Strengthened balance of trade has reduced the current account deficit

Energy and machinery, equipment and transport equipment are the primary reasons for recent fluctuations in the balance of trade

Imports have weakened rapidly particularly due to a decrease in the value of energy imports

The surplus on goods trade with both the United States and the Netherlands has increased

Kuvio 7. Goods exports to the United States increased rapidly in 2022

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