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Analysis

Assessment of Public Finances

Blog

Editorial

Financial Stability Assessment

Forecast

Monetary Policy Review

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45 charts

Gross domestic product growth under three scenarios

Ratio of fixed capital stock (K) to human capital stock (H), 1934–2023

Stock of human capital in three forecast scenarios, 2024–2075

Total population of 16–34-year-olds in population projections and in Bank of Finland long-term forecast baseline scenarios

Cumulative growth in GDP per capita and its components

Labour productivity in Finland has developed in line with the ratios of fixed and human capital to labour input

The ERA program and the EU will provide a lion share of Ukraine's funding needs during 2025-2026

US tariffs would cause only a slight rise in inflation in Finland

Finland’s GDP growth would be dampened by US tariffs primarily as a result of reduced growth in exports

Import tariffs planned by the United States would dampen economic growth in Finland

Large amount of metal industry products exported from Finland to the United States

United States’ relative share of goods exports has grown substantially

Exports to the United States have grown substantially in recent years

Uncertainty regarding future trade policy has clearly increased

Finland’s cost competitiveness will remain virtually unchanged in 2025–2027

Earnings will rise in the forecast period as cyclical conditions improve

Inflation will rise temporarily in 2025

Potential output will grow slowly

The output gap will remain significantly negative in 2025 and economic resources will continue to be underutilised

The labour market will gradually improve