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. GDP Growth Rate in Finland averaged 0.52 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 0.30 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.

Finland GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-15 05:00 AM GDP Growth Rate QoQ Prel Q1 0.6% 0.7% 0.5%
2019-05-29 05:00 AM GDP Growth Rate QoQ Final Q1 0.2% 0.5% 0.6% 0.6%
2019-08-14 05:00 AM GDP Growth Rate QoQ Prel Q2 0.9% 0.2% 0.4%
2019-08-30 05:00 AM GDP Growth Rate QoQ Final Q2 0.5% 0.5% 0.9%
2019-11-14 06:00 AM GDP Growth Rate QoQ Prel Q3 0.5% 0.4%
2019-11-29 06:00 AM GDP Growth Rate QoQ Final Q3 0.5% 0.4%


Finland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.50 5.00 -6.90 percent [+]
GDP Annual Growth Rate 1.20 0.90 7.60 -9.30 percent [+]
GDP 275.68 252.30 283.74 5.22 USD Billion [+]
GDP Constant Prices 51037.00 50798.00 51037.00 17125.00 EUR Million [+]
Gross National Product 51291.00 51480.00 51491.00 27989.00 EUR Million [+]
Gross Fixed Capital Formation 11563.00 11502.00 11890.00 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 1308.00 1342.00 1393.00 871.00 EUR Million [+]
GDP From Construction 2809.00 2793.00 3205.00 1774.00 EUR Million [+]
GDP From Manufacturing 8123.00 8107.00 10097.00 3241.00 EUR Million [+]
GDP From Public Administration 7955.00 7966.00 8511.00 7558.00 EUR Million [+]
GDP From Services 29949.00 29751.00 29949.00 18076.00 EUR Million [+]
GDP From Transport 2195.00 2174.00 2297.00 1638.00 EUR Million [+]
GDP From Utilities 1470.00 1445.00 1611.00 991.00 EUR Million [+]


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. . This page provides - Finland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 5.00 -6.90 1975 - 2019 percent Quarterly
SA, WDA




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.50 Sep/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Singapore 0.60 Sep/19
Australia 0.50 Jun/19
Brazil 0.40 Jun/19
Netherlands 0.40 Jun/19
Spain 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Russia 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Saudi Arabia -1.30 Mar/19


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