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Analysis

Assessment of Public Finances

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Financial Stability Assessment

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1851 charts

Employment rate and unemployment rate both high

Labour market flows from outside the labour force into employment have increased

Cyclical fluctuations and development of trends in labour market flows

Labour force inflows and outflows have increased since 2020

Finland’s labour market participation rate has increased 2010–2024

Participation rate of 55–64-year-olds has increased

Decrease in number of young people of working age outside the labour force and changes in employment status of 15–24-year-olds, 2010–2024

High participation rate of foreign-born people in 15–74 age group

Defence spending in EU countries in 2023 according to NATO and according to the statistics on general government expenditure by function

Trade war depressing growth in demand for Finland’s exports

Interest rates fell further in early 2025

Economic growth will gradually recover as uncertainty eases

Private consumption growth will pick up as the economic outlook improves

Uncertainty will weaken investment growth in 2025

Weak investment in export markets will dampen export growth

Current account will remain close to balance in the forecast period

Public finances will remain significantly in deficit

Debt ratio will rise significantly in 2025

Labour market will slowly improve

Cyclical conditions will improve slightly in 2026, but economic resources will continue to be underutilised