The Gross Domestic Product (GDP) in Finland expanded 2.20 percent in the third quarter of 2019 over the same quarter of the previous year.

GDP Annual Growth Rate in Finland averaged 2.18 percent from 1976 until 2019, reaching an all time high of 7.60 percent in the third quarter of 1979 and a record low of -9.30 percent in the second quarter of 2009. This page provides - Finland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Finland

GDP Annual Growth Rate in Finland is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Finland to stand at 1.00 in 12 months time. In the long-term, the Finland GDP Annual Growth Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.


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Finland GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.40 7.60 -9.30 1976 - 2019 percent Quarterly
WDA

Calendar GMT Actual Previous Consensus TEForecast
2019-08-14 05:00 AM GDP Growth Rate YoY Prel Q2 1.8% 1.2% 2.1%
2019-08-30 05:00 AM GDP Growth Rate YoY Final Q2 1.2% 0.9% 1.8%
2019-11-14 06:00 AM GDP Growth Rate YoY Prel Q3 1.9% 1.2% 1.5%
2019-11-29 06:00 AM GDP Growth Rate YoY Final Q3 2.2% 1.4% 1.9%
2020-02-14 06:00 AM GDP Growth Rate YoY Prel Q4 2.2% 1.5%


Finland GDP Annual Growth Rate
The largest sector of the Finnish economy is services at 65 percent, followed by manufacturing and refining at 31 percent. Primary production is at 3 percent. Finland’s main industrial products are paper and board, electronics and metal products. Engineering and high technology industries are the leading branches of manufacturing. 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.

Finland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.80 5.00 -6.90 percent [+]
GDP Annual Growth Rate 2.20 1.40 7.60 -9.30 percent [+]
GDP 275.68 252.30 283.74 5.22 USD Billion [+]
GDP Constant Prices 51872.00 51037.00 51872.00 17125.00 EUR Million [+]
Gross National Product 52233.00 51291.00 52233.00 27989.00 EUR Million [+]
Gross Fixed Capital Formation 12102.00 11563.00 12102.00 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 1310.00 1308.00 1393.00 871.00 EUR Million [+]
GDP From Construction 2786.00 2809.00 3205.00 1774.00 EUR Million [+]
GDP From Manufacturing 8567.00 8123.00 10097.00 3241.00 EUR Million [+]
GDP From Public Administration 7944.00 7955.00 8511.00 7558.00 EUR Million [+]
GDP From Services 30570.00 29949.00 30570.00 18076.00 EUR Million [+]
GDP From Transport 2245.00 2195.00 2297.00 1638.00 EUR Million [+]
GDP From Utilities 1432.00 1470.00 1611.00 991.00 EUR Million [+]