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.

Finland GDP Growth Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



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




GDP growth rate by Country
Country Last
United States 2.20 Mar/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.40 Mar/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Spain 0.70 Mar/18
Netherlands 0.60 Mar/18
Switzerland 0.60 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


Related

Latest