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Analysis

Assessment of Public Finances

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Financial Stability Assessment

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1582 charts

Growth in Finland’s economy will pick up in 2027

Contribution of demand components to annual GDP growth

Energy shock will drive up inflation in 2026

Unemployment to decline as economy improves

Results of sensitivity analysis on impacts of increase in energy and raw material prices on the Finnish economy*

Change in Russian GDP in three oil price scenarios relative to expected oil price trend before Iran war

Russian goverment deficit under three oil price assumptions at fixed ruble exchange rate

Households’ consumption expenditure grew rapidly, especially in 2021–2023

Financial margin increased between 2019 and 2023 except for the lowest income households

An increasingly large proportion of households experienced difficulty making ends meet

Experience of difficulty making ends meet became more widespread

Rising prices and interest rates put particular strain on younger households

Experience of over-indebtedness became more common in all income quintiles

Most over-indebted households still had a financial margin

Ukraine’s public sector deficit has soared since 2021

Defence-related manufacturing has nearly tripled since 2021

Liquid assets in Russia’s National Wealth Fund as a share of GDP have fallen over the past five years

Unemployment in Finland began to rise sharply after 2023

Post-pandemic employment growth in Finland was similar to that of the euro area until 2023

Number of job vacancies has decreased sharply in Finland