Finland GDP Growth Rate

The Finnish gross domestic product grew by 0.4 percent on quarter in the three months to September of 2018, compared to a 0.3 percent expansion in the previous period and higher than a preliminary estimate of 0.3 percent growth, final figure showed. Growth was driven by government spending (0.3 percent after showing no growth in Q2). Meantime, household consumption declined (-0.5 percent vs 0.4 percent in Q2), fixed investment contracted 1.4 percent, after a 0.2 percent drop in the previous quarter. Net external demand contributed negatively to GDP growth, as exports fell 1.8 percent (vs -1.2 percent in Q2) while imports went up 0.5 percent (vs -0.2 percent). On a yearly basis, the economy advanced by 2.4 percent, following a downwardly revised 2.3 percent growth in the second quarter and above a preliminary reading of 2.2 percent. 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.

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. 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 0.60 percent in 2020, according to our econometric models.

1Y 5Y 10Y MAX

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.

Learn More Questions? Contact us Already a Member? Login

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.

API Features Documentation Interested? Click here to contact us

Calendar	GMT		Actual	Previous	Consensus	TEForecast
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%	0.3%		0.5%
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		0.4%		0.50%
2019-02-28	07:00 AM	GDP Growth Rate QoQ Final		0.4%		0.50%
2019-05-15	06:00 AM	GDP Growth Rate QoQ Prel				0.40%

Finland GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.40	0.30	5.00	-6.80	percent	[+]
GDP Annual Growth Rate	2.40	2.30	7.60	-9.30	percent	[+]
GDP	251.88	238.68	283.74	5.22	USD Billion	[+]
GDP Constant Prices	50441.00	50344.00	50441.00	17125.00	EUR Million	[+]
Gross National Product	50328.00	51575.00	51575.00	27880.00	EUR Million	[+]
Gross Fixed Capital Formation	11108.00	11392.00	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	1339.00	1367.00	1367.00	873.00	EUR Million	[+]
GDP From Construction	2777.00	2799.00	3204.00	1774.00	EUR Million	[+]
GDP From Manufacturing	7937.00	7849.00	10103.00	3242.00	EUR Million	[+]
GDP From Public Administration	7979.00	8133.00	8510.00	7561.00	EUR Million	[+]
GDP From Services	29718.00	29552.00	29796.00	18089.00	EUR Million	[+]
GDP From Transport	2287.00	2281.00	2301.00	1639.00	EUR Million	[+]
GDP From Utilities	1549.00	1569.00	1616.00	991.00	EUR Million	[+]

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 December of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.40	0.30	5.00	-6.80	1975 - 2018	percent	Quarterly	SA, WDA

Export Data API

Country	Last		Previous	Range
United States	3.50	Sep/18	4.2	16.7 : -10	%
Indonesia	3.09	Sep/18	4.21	4.21 : -3.57	%
Singapore	3.00	Sep/18	1.2	36.6 : -13.5	%
South Africa	2.20	Sep/18	-0.4	7.6 : -6.1	%
India	1.90	Jun/18	2	5.4 : -1.7	%
China	1.60	Sep/18	1.7	2.4 : 1.4	%
Russia	0.90	Jun/18	0.4	4.1 : -5.4	%
Turkey	0.90	Jun/18	1.5	5.6 : -5.2	%
Brazil	0.80	Sep/18	0.2	3.9 : -3.9	%
Mexico	0.80	Sep/18	-0.1	3.2 : -5.7	%
South Korea	0.60	Sep/18	0.6	7.8 : -7	%
Spain	0.60	Sep/18	0.6	1.6 : -1.6	%
United Kingdom	0.60	Sep/18	0.4	5 : -2.7	%
Canada	0.50	Sep/18	0.7	3.1 : -2.3	%
France	0.40	Sep/18	0.2	8 : -5.3	%
Australia	0.30	Sep/18	0.9	4.4 : -2	%
Euro Area	0.20	Sep/18	0.4	1.3 : -3	%
Netherlands	0.20	Sep/18	0.7	1.7 : -3.6	%
Saudi Arabia	-0.05	Mar/18	0.05	8.5 : -2.1	%
Italy	-0.10	Sep/18	0.2	6 : -2.8	%
Germany	-0.20	Sep/18	0.5	4 : -4.5	%
Switzerland	-0.20	Sep/18	0.7	2.4 : -1.9	%
Japan	-0.60	Sep/18	0.7	3.2 : -4.9	%
Argentina	-4.00	Jun/18	0.7	5 : -5.7	%