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Finland: economy remains in the European fast lane

Author

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  • Oscar-Erich Kuntze

Abstract

In Finland the real gross domestic product expanded in 2003 by 1.9%, with considerable support from private consumption. On the labour market the situation remained largely unchanged, with employment falling by 0.3 % over 2002 and an unemployment rate of 9.0%. Inflation was 1.3% for the year. In 2004 real GDP will increase by approximately 3%. The unemployment rate will decrease to just below 9%. Consumer prices will be about ½% above the previous-year level. In 2005 real GDP will increase by 3¼%. The unemployment rate will decrease to 8½% and inflation will stand at 1¾%

Suggested Citation

  • Oscar-Erich Kuntze, 2004. "Finland: economy remains in the European fast lane," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(13), pages 29-38, July.
    • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:13:p:29-38
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    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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