Finland GDP Growth Rate  1975-2017 | Data | Chart | Calendar | Forecast

The Finnish gross domestic products expanded 1.2 percent on quarter in the first three months of 2017, following an upwardly revised 0.6 percent expansion in the previous period but slightly below a preliminary estimate of 1.6 percent, final data showed. It was the strongest growth rate since the second quarter of 2010, boosted by fixed investment (3.9 percent from 1 percent in Q4) and household consumption (1.7 percent from 0.3 percent). Also, net external demand contributed positively as exports jumped 5 percent (0.8 percent in Q4) while imports fell 1 percent (2.1 percent in Q4). Government spending shrank 0.3 percent after rising 0.2 percent in Q4. Compared with the same quarter last year, the economy grew 2.7 percent. GDP Growth Rate in Finland averaged 0.52 percent from 1975 until 2017, 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.

Finland GDP Growth Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-03-01 07:00 AM Q4 0.0% 0.6% -0.5% -0.5%
2017-05-16 06:00 AM Q1 1.6% 0.0% 0.3%
2017-06-01 06:00 AM Q1 1.2% 0.6% 1.6% 1.6%
2017-08-15 06:00 AM Q2 1.2% 0.3%
2017-09-01 06:00 AM Q2 1.2% 0.3%
2017-11-14 07:00 AM Q3 0.2%




Finland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.20 0.60 5.00 -6.80 percent [+]
GDP Annual Growth Rate 2.70 1.80 7.60 -9.30 percent [+]
GDP 232.40 272.60 283.74 5.22 USD Billion [+]
GDP Constant Prices 48412.00 47860.00 50198.00 17125.00 EUR Million [+]
Gross National Product 48704.00 48469.00 50738.00 27910.00 EUR Million [+]
Gross Fixed Capital Formation 10899.00 10490.00 11889.00 3979.00 EUR Million [+]
GDP per capita 45214.40 45242.10 49366.64 12196.05 USD [+]
GDP per capita PPP 38993.67 39017.54 42574.64 25686.51 USD [+]
GDP From Agriculture 1236.00 1227.00 1259.00 873.00 EUR Million [+]
GDP From Construction 2737.00 2683.00 3177.00 1787.00 EUR Million [+]
GDP From Manufacturing 7428.00 6968.00 10106.00 3242.00 EUR Million [+]
GDP From Public Administration 7756.00 7827.00 8498.00 7561.00 EUR Million [+]
GDP From Services 29007.00 28757.00 29007.00 18089.00 EUR Million [+]
GDP From Transport 2225.00 2178.00 2302.00 1638.00 EUR Million [+]
GDP From Utilities 1537.00 1554.00 1617.00 993.00 EUR Million [+]


Finland GDP Growth Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 0.60 5.00 -6.80 1975 - 2017 percent Quarterly
SA, WDA



gdp growth rate by Country

Last
India 1.50 Mar/17
Turkey 1.40 Mar/17
China 1.30 Mar/17
United States 1.20 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15