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

The Finnish gross domestic product grew by 1.2 percent on quarter in the three months to March of 2018, following an upwardly revised 0.9 percent expansion in the previous period and higher than a preliminary estimate of 1.1 percent expansion. It is the strongest growth since the fourth quarter 2010, as fixed investment rose sharply (3.7 percent vs 0.6 percent in Q4), government spending rebounded (1.4 percent vs -1.2 percent) while household consumption went up by 0.9 percent (from 0.7 percent in Q4). On the other hand, net external demand contributed negatively to GDP growth, as exports fell 1.1 percent (vs 2.3 percent in Q4) and imports dropped at a slower 0.5 percent (vs 1.4 percent). On a yearly basis, the economy grew by 3.1 percent, following a downwardly revised 2.7 percent expansion in the fourth 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
2018-02-28	07:00 AM	GDP Growth Rate QoQ Final	0.7%	0.2%	1.1%	1.1%
2018-05-15	06:00 AM	GDP Growth Rate QoQ Prel	1.1%	0.7%		0.4%
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%
2018-08-31	06:00 AM	GDP Growth Rate QoQ Final
2018-11-14	07:00 AM	GDP Growth Rate QoQ Prel				0.5%

Finland GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.20	0.90	5.00	-6.80	percent	[+]
GDP Annual Growth Rate	3.10	2.60	7.60	-9.20	percent	[+]
GDP	236.79	232.36	283.74	5.22	USD Billion	[+]
GDP Constant Prices	50149.00	49532.00	50206.00	17125.00	EUR Million	[+]
Gross National Product	51422.00	50849.00	51422.00	27880.00	EUR Million	[+]
Gross Fixed Capital Formation	11748.00	11215.00	11889.00	3979.00	EUR Million	[+]
GDP per capita	45709.08	45211.70	49363.70	12195.33	USD	[+]
GDP per capita PPP	39422.65	38993.67	42574.64	25686.51	USD	[+]
GDP From Agriculture	1332.00	1267.00	1332.00	873.00	EUR Million	[+]
GDP From Construction	2843.00	2730.00	3204.00	1774.00	EUR Million	[+]
GDP From Manufacturing	7779.00	7421.00	10103.00	3242.00	EUR Million	[+]
GDP From Public Administration	7954.00	8090.00	8510.00	7561.00	EUR Million	[+]
GDP From Services	29796.00	29723.00	29796.00	18089.00	EUR Million	[+]
GDP From Transport	2295.00	2266.00	2301.00	1639.00	EUR Million	[+]
GDP From Utilities	1451.00	1360.00	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 June of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.20	0.90	5.00	-6.80	1975 - 2018	percent	Quarterly	SA, WDA

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GDP growth rate by Country

Country	Last		Previous	Highest	Lowest
United States	2.20	Mar/18	2.9	16.9	-10	%	Quarterly
Turkey	2.00	Mar/18	1.7	5.6	-5.2	%	Quarterly
India	1.90	Mar/18	1.8	5.4	-1.7	%	Quarterly
China	1.40	Mar/18	1.6	2.4	1.3	%	Quarterly
Mexico	1.10	Mar/18	0.9	3.2	-5.7	%	Quarterly
Australia	1.00	Mar/18	0.5	4.4	-2	%	Quarterly
South Korea	1.00	Mar/18	-0.2	7.8	-7	%	Quarterly
Spain	0.70	Mar/18	0.7	1.6	-1.6	%	Quarterly
Netherlands	0.60	Mar/18	0.9	1.7	-3.2	%	Quarterly
Switzerland	0.60	Mar/18	0.6	2.3	-1.6	%	Quarterly
Brazil	0.40	Mar/18	0.2	3.6	-4.1	%	Quarterly
Euro Area	0.40	Mar/18	0.7	1.3	-2.9	%	Quarterly
Canada	0.30	Mar/18	0.4	3.1	-2.3	%	Quarterly
Germany	0.30	Mar/18	0.6	4	-4.5	%	Quarterly
Italy	0.30	Mar/18	0.4	6	-2.8	%	Quarterly
France	0.20	Mar/18	0.7	7.7	-5	%	Quarterly
United Kingdom	0.10	Mar/18	0.4	5	-2.7	%	Quarterly
Japan	-0.20	Mar/18	0.3	3.2	-4.9	%	Quarterly
Russia	-0.38	Dec/17	0.04	4.1	-5.4	%	Quarterly
Indonesia	-0.42	Mar/18	-1.7	4.01	-3.57	%	Quarterly