International comparison of the Finnish economy
The International Monetary Fund (IMF) and the Organisation for Economic Cooperation and Development (OECD) are regularly monitoring the implementation of the Finnish economic policy and issue recommendations for it.
The IMF is constantly monitoring the economic development of its member countries. IMF economists usually visit each member country on an annual basis, discussing the general financial situation and economic policy with the Government and the country's central bank. The focus is particularly on macro-level stability, financial policy and financial market issues. During these visits, the IMF usually hears representatives of political actors, the business sector and labour market organisations. Based on these consultations, the IMF draws conclusions and prepares a final report of the state of the Finnish economy. Almost all reports on IMF member countries are public. The conclusions on Finland and a more extensive assessment report are available on the IMF website. The IMF's visits to its member countries are called Article IV Consultations, as they are based on Article IV of the IMF's Articles of Agreement.
The OECD also regularly monitors the economic development of its member countries. The Economic and Development Review Committee (EDRC) of the OECD monitors and assesses individual member countries and their economic policy. The committee regularly performs assessment visits to the countries and publishes reports based on them.
The European Commission also assesses Finland's economic development and policy as part of the European Semester.
Ms Sari Sontag, Ministerial Adviser
Ministry of Finance, Economics Department, Macro Forecasting
+358 2955 30181
Markku Stenborg, Senior Financial Adviser
Ministry of Finance, Economics Department, Macro Fiscal Policy Analysis
+358 2955 30124