The Finnish gross domestic product advanced by 2.1 percent quarter-on-quarter in the June quarter 2021, faster than an earlier estimate of a 2.0 percent growth, accelerating sharply from a 0.1 percent gain in the previous quarter. Both government spending (0.7 percent vs -0.2 percent in Q1) and private consumption (1.9 percent vs -0.2 percent) rebounded. At the same time, fixed investment grew by 1.3 percent, recovering from 0.1 percent decline in Q1. Meanwhile, net foreign demand contributed negatively to the GDP, as exports rose by 0.3 percent, while imports grew at a faster 1.5 percent. On a yearly basis, the economy expanded by 7.5 percent in the second quarter, rebounding sharply from an upwardly revised 1.5 percent contraction in the prior quarter. source: Statistics Finland
GDP Growth Rate in Finland averaged 0.51 percent from 1975 until 2021, reaching an all time high of 5 percent in the third quarter of 1980 and a record low of -6.50 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 October of 2021.
GDP 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. In the long-term, the Finland GDP Growth Rate is projected to trend around 0.40 percent in 2022, according to our econometric models.