The Finnish gross domestic product advanced 0.8 percent quarter-on-quarter in the September quarter of 2021, compared with the flash data of 0.9% and after an upwardly revised 2.2 percent expansion in the prior quarter. Government spending growth eased (0.4 percent vs 0.6 percent in Q2), amid a contraction in fixed investment (-3.1 percent vs 1.5 percent). On the other hand, private consumption rose much faster (1.3 percent vs 0.2 percent), while net foreign demand contributed positively to the GDP with exports growing by (4.1 percent vs 1 percent in Q2) and imports rising at a softer 2.9 percent (vs 2.4 percent). On a yearly basis, the economy expanded 4.2 percent, moderating sharply from an upwardly revised 9.2 percent growth in the June quarter. source: Statistics Finland

GDP Growth Rate in Finland averaged 0.51 percent from 1975 until 2021, reaching an all time high of 5 percent in the third quarter of 1980 and a record low of -6.50 percent in the first quarter of 2009. This page provides - Finland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Growth Rate in Finland is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland GDP Growth Rate is projected to trend around 0.40 percent in 2022, according to our econometric models.

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Finland GDP Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-16 06:00 AM QoQ Prel Q3 0.9% 2.1% 0.9%
2021-11-30 06:00 AM QoQ Final Q3 0.8% 2.2% 0.9%
2022-02-16 06:00 AM QoQ Prel Q4 0.9%


Related Last Previous Unit Reference
GDP Growth Rate 0.80 2.20 percent Sep/21
GDP Annual Growth Rate 4.20 7.50 percent Sep/21
GDP Constant Prices 58279.00 57611.00 EUR Million Sep/21
Gross National Product 60439.00 59616.00 EUR Million Sep/21
Gross Fixed Capital Formation 12841.00 13104.00 EUR Million Sep/21
GDP From Utilities 1528.00 1482.00 EUR Million Sep/21
GDP From Transport 1876.00 1764.00 EUR Million Sep/21
GDP From Services 35380.00 35154.00 EUR Million Sep/21
GDP From Public Administration 9378.00 9411.00 EUR Million Sep/21
GDP From Manufacturing 8891.00 8805.00 EUR Million Sep/21
GDP From Construction 2987.00 2913.00 EUR Million Sep/21
GDP From Agriculture 1377.00 1365.00 EUR Million Sep/21

News Stream
Finnish Q3 GDP Growth Revised Slightly Lower
The Finnish gross domestic product advanced 0.8 percent quarter-on-quarter in the September quarter of 2021, compared with the flash data of 0.9% and after an upwardly revised 2.2 percent expansion in the prior quarter. Government spending growth eased (0.4 percent vs 0.6 percent in Q2), amid a contraction in fixed investment (-3.1 percent vs 1.5 percent). On the other hand, private consumption rose much faster (1.3 percent vs 0.2 percent), while net foreign demand contributed positively to the GDP with exports growing by (4.1 percent vs 1 percent in Q2) and imports rising at a softer 2.9 percent (vs 2.4 percent). On a yearly basis, the economy expanded 4.2 percent, moderating sharply from an upwardly revised 9.2 percent growth in the June quarter.
2021-11-30
Finnish GDP Growth Rate Eases to 0.9% in Q3
The Finnish gross domestic product advanced by 0.9 percent quarter-on-quarter in the September quarter 2021, following a 2.1 percent expansion in the previous quarter, a preliminary data showed. On a yearly basis, the economy expanded by 4.0 percent in the third quarter, easing sharply from a 7.5 percent growth in the prior quarter.
2021-11-16
Finnish Q2 GDP Growth Revised Up to 2.1%
The Finnish gross domestic product advanced by 2.1 percent quarter-on-quarter in the June quarter 2021, faster than an earlier estimate of a 2.0 percent growth, accelerating sharply from a 0.1 percent gain in the previous quarter. Both government spending (0.7 percent vs -0.2 percent in Q1) and private consumption (1.9 percent vs -0.2 percent) rebounded. At the same time, fixed investment grew by 1.3 percent, recovering from 0.1 percent decline in Q1. Meanwhile, net foreign demand contributed negatively to the GDP, as exports rose by 0.3 percent, while imports grew at a faster 1.5 percent. On a yearly basis, the economy expanded by 7.5 percent in the second quarter, rebounding sharply from an upwardly revised 1.5 percent contraction in the prior quarter.
2021-08-31

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. .