EMPLOYMENT RATE Employed/Working age population (15-64 years)

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1 8 % EMPLOYMENT RATE Employed/Working age population (15-64 years 75 7 Finland EU ** /SAK /TL Source: European Commission 1

2 UNEMPLOYMENT RATE % Finland EU ** /SAK /TL Source: Europen Commission 2

3 LONG-TERM UNEMPLOYED :2 16 Pers /SAK /TL Source: Ministry of Labour 3

4 DIFFERENT TYPES OF EMPLOYEE RELATIONSHIPS Februari 24 Permanent full-time job 765% 93% 38% 14% /SAK /TL Source: Statistics Finland Fixed-term part-time job Fixed-term full-time job Permanent part-time job New employment contracts (Signed during previous 12 months Permanent full-time job 361 % Permanent full-time job 131 % Fixed-term full-time job 358 % Fixed-term full-time job 15 % 639 % 4

5 GROSS DOMESTIC PRODUCT Change in volume % Finland EU ** /SAK /TL Source: Statistics Finland (Astika OECD Ministry of Finance 5

6 CONSUMPTION Change in volume % Private Public ** /SAK /TL Source: Statistics Finland Ministry of Finance 6

7 INVESTMENTS % Private Public ** /SAK /TL Source: Statistics Finland Ministry of Finance 7

8 RATIO OF INVESTMENTS TO GDP % ** /TL Source: Statistics Finland Ministry of Finance 8

9 IMPORTS AND EXPORTS OF GOODS AND SERVICES Change in volyme % Exports Imports ** /SAK /TL Source: Statistics Finland Ministry of Finance 9

10 CURRENT ACCOUNT Relative to GDP 8 % Finland EU ** /SAK /TL Source: Statistics Finland Ministry of Finance OECD 1

11 EMPLOYEES NOMINAL AND REAL EARNINGS AND HOUSEHOLDS REAL DISPOSABLE INCOME Change % * Nominal earnings Real earnings Households real disposable income 5 * * * * * * * * * * * * * * * * * * * * ** /SAK /TL Source: Statistics Finland Ministry of Finance 11

12 EMPLOYEES REAL DISPOSABLE INCOME Change from previous year 1 % * 4** /SAK /TL Source: Incomes Policy Commission 12

13 TOTAL NOMINAL LABOUR COSTS (private sector change compared to same quarter a year earlier 7 % Finland EU /SAK /TL Source: Eurostat 13

14 TOTAL NOMINAL LABOUR COSTS (industry change compared to same quarter a year earlier 8 % Finland EU /SAK /TL Source: Eurostat 14

15 LABOUR INCOME AS A PERCENTAGE OF NATIONAL INCOME % Wages and social contributions * 4** /SAK/TL Source: Statistics Finland Ministry of Finance 15

16 WOMENS ANNUAL EARNINGS AS A PERCENTAGE OF MENS ANNUAL EARNINGS % 85 8! 75!!!!!!!!!!!!!! 7!! *2** /SAK /TL Source: Statistics Finland 16

17 DISTRIBUTION OF EQUIVALENT HOUSEHOLD DISPOSABLE INCOME Index 1986 = 1 Factor income = wages and salaries + entrepreneurial income + property income Gross income = factor income + current transfers received Disposable income = gross income - current transfers paid Disposable income Gross income Factor income Index is based on the gini-coefficient a higher value of the gini-coefficient implies a more unequal income distribution /SAK /TL Source: Statistics Finland Income distribution survey 17

18 TAX RATE % of GDP /SAK /TL Source: Statistics Finland Ministry of Finance 18

19 MANUFACTURING PRODUCTION Annual change % ** /SAK /TL Source: Statistics Finland Ministry of Finance 19

20 PRICE COMPETITIVENESS OF MANUFACTURING INDUSTRY IN WESTERN MARKETS OECD/Finland 1 = Whole manufacturing Excluding electrial equipment ** /SAK /TL Source: Ministry of Finance 2

21 ** muutos % Finland EU-15 CONSUMER PRICES IN FINLAND AND EU-COUNTRIES /SAK /TL Source: Statistics Finland Eurostat Ministry of Finance

22 INTEREST RATES IN FINLAND 1992:1-24:2 18 % Euribor 3-months 1 Finnish government bonds 1-year Helibor /SAK /TL Source: Bank of Finland 22

23 REAL AVERAGE LENDING RATE FOR HOUSING LOANS 1992:1-24:1 14 % Nominal Real /SAK /TL Source: Bank of Finland 23

24 HELSINKI STOCK INDEX (HEX 1995:1-24: = /SAK /TL Source: Statistics Finland Bank of Finland 24

25 CENTRAL GOVERNMENT REVENUES AND EXPENDITURES :11 Before financial transactions 12-month moving sum 45 Billion e Revenue Expenditure /SAK /TL Source: Bank of Finland 25

26 CENTRAL GOVERNMENT NET LENDING % of GDP ** /SAK /TL Source: Statistics Finland Ministry of Finance 26

27 CENTRAL GOVERNMENT DEBT % of GDP ** /SAK /TL Source: Statistics Finland Ministry of Finance 27

28 GENERAL GOVERNMENT EXPENDITURE % of GDP ** /SAK /TL Source: Statistics Finland Ministry of Finance 28

29 GENERAL GOVERNMENT NET LENDING (EMU % of GDP ** /SAK /TL Source: Statistics Finland Ministry of Finance 29

30 GOVERNMENT GROSS DEBT (EMU % of GDP Finland EU ** /SAK /TL Source: Statistics Finland Ministry of Finance 3

31 KEY FORECAST FIGURES change % * 23** 24** GDP IMPORTS EXPORTS CONSUMPTION Private Public INVESTMENT Private Public Manuf. production change in vol. % Employment rate % Unemployment rate % Consumer prices change % Wage and salary earnings change % Current account % of GDP Net foreign liabilities % of GDP Interest rates Helibor/Euribor 3-month % Interest rates Gov. bonds 1-year % Public expenditure % of GDP Tax ratio % of GDP Central government debt % of GDP Gross public debt (EMU % of GDP Central government net lending % of GDP General government net lending (EMU % of GDP /SAK /TL Source: Statistics Finland Ministry of Finance 31

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