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Frequently Asked Questions

How is Finland's economy performing in the first half of 2022?

Finland’s economy continued expanding in the first half of 2022 on the back of buoyant demand for services, investment and an inventory build-up. Record high energy prices and inflation, together with tighter financing conditions and a weakening external environment are set to weigh on economic growth in the near term.

How free is Finland's economy?

Finland’s economic freedom score is 78.3, making its economy the 9th freest in the 2022 Index. Finland is ranked 6th among 45 countries in the Europe region, and its overall score is above the regional and world averages. Finland’s economic growth turned negative in 2020 but rebounded in 2021.

What is the economic outlook for 2022?

In spite of the current deterioration in economic activity, the strong economic performance in the first half of 2022 is set to put annual real GDP growth at 2.3%. The economy is facing headwinds from high energy prices and inflation, rising financing costs and weaker external demand.

What is Finland's economic freedom score?

Quick Facts. Finland’s economic freedom score is 74.9, making its economy the 20th freest in the 2019 Index. Its overall score has increased by 0.8 point, with higher scores for fiscal health and government spending outpacing small declines in judicial effectiveness and monetary freedom.


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