Finland GDP Growth Rate 1975-2018 | Data | Chart | Calendar | Forecast

Finland's gross domestic product advanced 0.3 percent on quarter in the three months to June of 2018, below a preliminary reading of 0.5 percent and after an expansion of 1.2 percent in the previous period. Growth was mainly driven by fixed investment (1.9 percent vs 0.9 percent in Q1), household consumption (0.5 percent vs 0.6 percent) and government spending (0.5 percent vs 2.4 percent). In addition, net external demand contributed positively to GDP growth, as exports rose 2 percent (vs -1.2 percent in Q1) and imports went up at a softer 1.4 percent (vs -0.8 percent in Q1). On a yearly basis, the economy grew by 2.5 percent, following a 2.8 percent expansion in the first quarter. GDP Growth Rate in Finland averaged 0.53 percent from 1975 until 2018, 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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-05-31	06:00 AM	GDP Growth Rate QoQ Final	1.2%	0.9%	1.1%	1.1%
2018-08-14	06:00 AM	GDP Growth Rate QoQ Prel	0.5%	1.2%		0.5%
2018-08-31	06:00 AM	GDP Growth Rate QoQ Final	0.3%	1.2%	0.5%	0.5%
2018-11-14	07:00 AM	GDP Growth Rate QoQ Prel		0.3%		0.5%
2018-11-30	07:00 AM	GDP Growth Rate QoQ Final		0.3%

Finland GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.30	1.20	5.00	-6.80	percent	[+]
GDP Annual Growth Rate	2.50	2.80	7.60	-9.20	percent	[+]
GDP	251.88	238.68	283.74	5.22	USD Billion	[+]
GDP Constant Prices	50344.00	50174.00	50344.00	17125.00	EUR Million	[+]
Gross National Product	51575.00	51422.00	51575.00	27880.00	EUR Million	[+]
Gross Fixed Capital Formation	11392.00	11748.00	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	1367.00	1332.00	1367.00	873.00	EUR Million	[+]
GDP From Construction	2799.00	2843.00	3204.00	1774.00	EUR Million	[+]
GDP From Manufacturing	7849.00	7779.00	10103.00	3242.00	EUR Million	[+]
GDP From Public Administration	8133.00	7954.00	8510.00	7561.00	EUR Million	[+]
GDP From Services	29552.00	29796.00	29796.00	18089.00	EUR Million	[+]
GDP From Transport	2281.00	2295.00	2301.00	1639.00	EUR Million	[+]
GDP From Utilities	1569.00	1451.00	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 October of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.30	1.20	5.00	-6.80	1975 - 2018	percent	Quarterly	SA, WDA

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GDP growth rate by Country

Country	Last		Previous	Highest	Lowest
Singapore	4.70	Sep/18	1.2	36.6	-13.5	%	Quarterly
Indonesia	4.21	Jun/18	-0.41	4.21	-3.57	%	Quarterly
United States	4.20	Jun/18	2.2	16.7	-10	%	Quarterly
India	1.90	Jun/18	2	5.4	-1.7	%	Quarterly
China	1.60	Sep/18	1.8	2.4	1.4	%	Quarterly
Australia	0.90	Jun/18	1.1	4.4	-2	%	Quarterly
Russia	0.90	Jun/18	0.4	4.1	-5.4	%	Quarterly
Turkey	0.90	Jun/18	1.5	5.6	-5.2	%	Quarterly
Netherlands	0.80	Jun/18	0.6	1.7	-3.6	%	Quarterly
Canada	0.70	Jun/18	0.4	3.1	-2.3	%	Quarterly
Japan	0.70	Jun/18	-0.2	3.2	-4.9	%	Quarterly
Switzerland	0.70	Jun/18	1	2.4	-1.9	%	Quarterly
South Korea	0.60	Jun/18	1	7.8	-7	%	Quarterly
Spain	0.60	Jun/18	0.6	1.6	-1.6	%	Quarterly
Germany	0.50	Jun/18	0.4	4	-4.5	%	Quarterly
Euro Area	0.40	Jun/18	0.4	1.3	-3	%	Quarterly
United Kingdom	0.40	Jun/18	0.1	5	-2.7	%	Quarterly
Brazil	0.20	Jun/18	0.1	3.9	-3.9	%	Quarterly
France	0.20	Jun/18	0.2	8	-5.3	%	Quarterly
Italy	0.20	Jun/18	0.3	6	-2.8	%	Quarterly
Saudi Arabia	-0.05	Mar/18	0.05	8.5	-2.1	%	Quarterly
Mexico	-0.20	Jun/18	1	3.2	-5.7	%	Quarterly
South Africa	-0.70	Jun/18	-2.6	7.6	-6.1	%	Quarterly
Argentina	-4.00	Jun/18	0.7	5	-5.7	%	Quarterly