The Finnish gross domestic product contracted by 0.1 percent quarter-on-quarter in the March quarter 2021, missing an earlier estimate of a 0.4 percent growth, reversing from a 0.4 percent expansion in the previous quarter. Government spending contracted by 1.3 percent in the first quarter, after increasing 2.6 percent in the previous quarter. Also, net foreign demand contributed negatively to the GDP as exports shrank by 5.0 percent (vs 9.4 percent in Q4) while imports increased 1.4 percent (vs -1.4% in Q4). At the same time, private consumption fell by 0.7 percent, following a 1.4 percent drop in Q4. Meanwhile, fixed investment grew by 1.4 percent (vs -0.8 percent in Q4). On a yearly basis, the economy shrank by 1.0 percent in the first quarter, following a downwardly revised 1.1 percent contraction in the prior quarter. source: Statistics Finland
GDP Growth Rate in Finland averaged 0.49 percent from 1975 until 2021, reaching an all time high of 5 percent in the third quarter of 1980 and a record low of -6.80 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. Finland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
GDP Growth Rate in Finland is expected to be 0.70 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 0.50 in 12 months time. In the long-term, the Finland GDP Growth Rate is projected to trend around 0.40 percent in 2022, according to our econometric models.