The Finnish gross domestic product advanced by 0.4 percent quarter-on-quarter in the three months to December 2019, after a 0.7 percent expansion in the previous period, a preliminary estimate showed. This was the weakest GDP growth since the fourth quarter 2018. On a yearly basis, the economy expanded 1.4 percent in the third quarter, following a 2.2 percent growth in the prior quarter. Finland GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

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. This page provides - Finland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Finland

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 0.30 in 12 months time. In the long-term, the Finland GDP Growth Rate is projected to trend around 0.40 percent in 2021, according to our econometric models.


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Finland GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.70 5.00 -6.90 1975 - 2019 percent Quarterly
SA, WDA


Calendar GMT Actual Previous Consensus TEForecast
2019-08-30 05:00 AM QoQ Final Q2 0.5% 0.5% 0.9%
2019-11-14 06:00 AM QoQ Prel Q3 0.5% 0.5% 0.4%
2019-11-29 06:00 AM QoQ Final Q3 0.7% 0.8% 0.5%
2020-02-14 06:00 AM QoQ Prel Q4 0.4% 0.7% 0.4%
2020-02-28 06:00 AM QoQ Final Q4 0.7% 0.4%
2020-05-15 05:00 AM QoQ Prel Q1 0.4%
2020-05-29 05:00 AM QoQ Final Q1 0.4%
2020-08-14 05:00 AM QoQ Prel Q2 0.3%


News Stream
Finnish Q4 GDP Growth Weakest in a Year
The Finnish gross domestic product advanced by 0.4 percent quarter-on-quarter in the three months to December 2019, after a 0.7 percent expansion in the previous period, a preliminary estimate showed. This was the weakest GDP growth since the fourth quarter 2018. On a yearly basis, the economy expanded 1.4 percent in the third quarter, following a 2.2 percent growth in the prior quarter.
2020-02-14
Finnish Q3 GDP Growth Revised Higher to 0.7% QoQ
The Finnish gross domestic product grew by 0.7 percent quarter-on-quarter in the September quarter 2019, after an upwardly revised 0.8 percent expansion in the previous period and more than the preliminary reading of a 0.5 percent advance. There were rises in both private consumption (1.5 percent vs 0.8 percent in Q2) and fixed investment (1.1 percent vs 0.8 percent). In contrast, government spending declined (-0.5 percent vs 0.1 percent) and net exports contributed negatively to the GDP as exports rose (0.5 percent vs -1.1 percent in Q2) while imports increased at a faster (1.2 percent vs 1.4 percent). On a yearly basis, the economy expanded 2.2 percent in the third quarter, following an upwardly revised 1.4 percent growth in the prior quarter.
2019-11-29
Finnish Q3 GDP Growth Rate Unchanged at 0.5%
The Finnish gross domestic product grew by 0.5 percent quarter-on-quarter in the three months to September 2019, the same pace as in the previous period, a preliminary estimate showed. This remained the strongest GDP growth since the first quarter last year. On a yearly basis, the economy expanded 1.9 percent in the third quarter, following a 1.2 percent growth in the previous three-month period.
2019-11-14
Finnish Q2 GDP Growth Revised Lower to 0.5% QoQ
The Finnish gross domestic product grew by 0.5 percent quarter-on-quarter in the three months to June 2019, the same pace as an upwardly revised figure in the previous period but less than the preliminary reading of a 0.9 percent advance. There were rises in both private consumption (0.9 percent vs -1 percent in Q1) and fixed investment (0.5 percent vs -0.8 percent). In contrast, government spending declined (-0.3 percent vs 2.5 percent) and net exports contributed negatively to the GDP as exports declined 0.5 percent (vs 2.4 percent in Q1) while imports rose 2.8 percent (vs -4.4 percent). On a yearly basis, the economy expanded 1.2 percent in the second quarter, following a downwardly revised 0.9 percent growth in the prior quarter.
2019-08-30

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. .