The Finnish gross domestic product grew by 0.6 percent on quarter in the three months to March of 2019, after a 0.7 percent expansion in the previous period, a preliminary estimate showed. On a yearly basis, the economy advanced by 2.2 percent, the same pace as in the fourth quarter. GDP Growth Rate in Finland averaged 0.53 percent from 1975 until 2019, reaching an all time high of 5 percent in the third quarter of 1980 and a record low of -6.80 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 0.40 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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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 07:00 AM GDP Growth Rate QoQ Final 0.4% 0.3% 0.3% 0.3%
2019-02-14 07:00 AM GDP Growth Rate QoQ Prel 0.9% 0.4% 0.5%
2019-02-28 07:00 AM GDP Growth Rate QoQ Final 0.7% 0.4% 0.9% 0.9%
2019-05-15 05:00 AM GDP Growth Rate QoQ Prel 0.6% 0.7% 0.5%
2019-05-29 05:00 AM GDP Growth Rate QoQ Final 0.7% 0.6% 0.6%
2019-08-14 05:00 AM GDP Growth Rate QoQ Prel 0.4%
2019-08-30 05:00 AM GDP Growth Rate QoQ Final 0.4%


Finland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.70 5.00 -6.80 percent [+]
GDP Annual Growth Rate 2.20 2.20 7.60 -9.30 percent [+]
GDP 251.88 238.68 283.74 5.22 USD Billion [+]
GDP Constant Prices 50916.00 50441.00 50916.00 17125.00 EUR Million [+]
Gross National Product 51633.00 50328.00 51633.00 27880.00 EUR Million [+]
Gross Fixed Capital Formation 11506.00 11108.00 11889.00 3979.00 EUR Million [+]
GDP per capita 47057.62 45983.31 49363.70 12195.33 USD [+]
GDP per capita PPP 40585.72 39659.17 42574.64 25686.51 USD [+]
GDP From Agriculture 1410.00 1339.00 1410.00 873.00 EUR Million [+]
GDP From Construction 2868.00 2777.00 3204.00 1774.00 EUR Million [+]
GDP From Manufacturing 8059.00 7937.00 10103.00 3242.00 EUR Million [+]
GDP From Public Administration 7940.00 7979.00 8510.00 7561.00 EUR Million [+]
GDP From Services 29634.00 29718.00 29796.00 18089.00 EUR Million [+]
GDP From Transport 2145.00 2287.00 2301.00 1639.00 EUR Million [+]
GDP From Utilities 1498.00 1549.00 1616.00 991.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 5.00 -6.80 1975 - 2019 percent Quarterly
SA, WDA




Country Last Previous
United States 3.20 Mar/19
Singapore 2.00 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Dec/18
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18


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