The Finnish gross domestic product grew 0.2 percent on quarter in the three months to March of 2019, compared to a downwardly revised 0.5 percent expansion in the previous period, and lower than a preliminary estimate of 0.6 percent advance, final figures showed. It was the weakest growth rate since the June quarter of 2018, mainly due to a decline in private consumption (-1.2 percent from 0.7 percent) and fixed investment (-0.3 percent from 1.7 percent). On the other hand, government spending rebounded sharply (2.7 percent from -0.3 percent) and net external demand contributed positively to GDP growth, as exports rose 3 percent (vs 3.3 pct in Q4) while imports dropped 5.7 percent (vs 3.8 pct in Q4). On a yearly basis, the economy advanced 1.2 percent, following a 2.2 percent growth in the fourth quarter. GDP Growth Rate in Finland averaged 0.53 percent from 1975 until 2019, reaching an all time high of 5 percent in the third quarter of 1980 and a record low of -6.90 percent in the first quarter of 2009.

GDP Growth Rate in Finland is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Finland to stand at 0.40 in 12 months time. In the long-term, the Finland GDP Growth Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.

Finland GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-14 07:00 AM GDP Growth Rate QoQ Prel Q4 0.9% 0.4% 0.5%
2019-02-28 07:00 AM GDP Growth Rate QoQ Final Q4 0.7% 0.4% 0.9% 0.9%
2019-05-15 05:00 AM GDP Growth Rate QoQ Prel Q1 0.6% 0.7% 0.5%
2019-05-29 05:00 AM GDP Growth Rate QoQ Final Q1 0.2% 0.5% 0.6% 0.6%
2019-08-14 05:00 AM GDP Growth Rate QoQ Prel Q2 0.2% 0.4%
2019-08-30 05:00 AM GDP Growth Rate QoQ Final Q2 0.4%
2019-11-14 06:00 AM GDP Growth Rate QoQ Prel Q3 0.4%


Finland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.50 5.00 -6.90 percent [+]
GDP Annual Growth Rate 1.20 2.20 7.60 -9.30 percent [+]
GDP 275.68 252.30 283.74 5.22 USD Billion [+]
GDP Constant Prices 51041.00 50927.00 51041.00 17125.00 EUR Million [+]
Gross National Product 51075.00 51586.00 51586.00 27989.00 EUR Million [+]
Gross Fixed Capital Formation 11432.00 11469.00 11889.00 3979.00 EUR Million [+]
GDP per capita 48579.90 47558.90 49363.70 12195.30 USD [+]
GDP per capita PPP 41898.62 41018.05 42574.64 25686.51 USD [+]
GDP From Agriculture 1387.00 1408.00 1413.00 873.00 EUR Million [+]
GDP From Construction 2902.00 2870.00 3204.00 1774.00 EUR Million [+]
GDP From Manufacturing 8150.00 8064.00 10103.00 3242.00 EUR Million [+]
GDP From Public Administration 8096.00 8046.00 8510.00 7561.00 EUR Million [+]
GDP From Services 29711.00 29635.00 29711.00 18089.00 EUR Million [+]
GDP From Transport 2147.00 2143.00 2301.00 1639.00 EUR Million [+]
GDP From Utilities 1522.00 1508.00 1616.00 991.00 EUR Million [+]


Finland GDP Growth Rate

Although services account for 65 percent of Finnish economy, key sector is manufacturing, mainly wood, metals, engineering, telecommunications, and electronics industries. On the expenditure side, household consumption is the main component of GDP and accounts for 55 percent of its total use, followed by government expenditure (25 percent) and gross fixed capital formation (20 percent). Exports of goods and services account for 38 percent of GDP while imports account for 39 percent, subtracting 1 percent of total GDP. . This page provides - Finland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.50 5.00 -6.90 1975 - 2019 percent Quarterly
SA, WDA




Country Last Previous
United States 3.10 Mar/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
Russia -0.40 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19
Singapore -3.40 Jun/19


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