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.