The Finnish economy grew by 0.2 percent qoq in Q1 of 2022, compared with the flash figure of a 0.4 percent gain and after an upwardly revised 0. 7 percent increase in Q4. This was the softest expansion in a year, amid global uncertainty stemming from the Ukraine war, persistent supply bottleneck and surging inflation. Household consumption fell for the first time since Q2 2020, while there was a slowdown in fixed investment (3.6% vs 4.3% in Q4). At the same time, exports fell at a faster 9.8% (vs 8.1% in Q4) while imports dropped by 2% (vs 4.5%). Meanwhile, government spending rose 0.4%, rebounding from a 0.2% fall previously. On a yearly basis, the country's GDP advanced 3.6 percent in Q1, after an upwardly revised 3.4 percent growth in Q4. source: Statistics Finland

GDP Growth Rate in Finland averaged 0.51 percent from 1975 until 2022, 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 July of 2022.

GDP Growth Rate in Finland is expected to be -0.70 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 2023, according to our econometric models.

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Finland GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 05:00 AM QoQ Prel Q1 0.4% 0.6% 0.5%
2022-05-31 05:00 AM QoQ Final Q1 0.2% 0.7% 0.4%
2022-08-17 05:00 AM QoQ Prel Q2 -0.7%


Related Last Previous Unit Reference
GDP Growth Rate 0.20 0.70 percent Mar 2022
GDP Annual Growth Rate 3.60 2.90 percent Mar 2022
GDP Constant Prices 59013.00 58707.00 EUR Million Mar 2022
Gross National Product 60662.00 58485.00 EUR Million Mar 2022
Gross Fixed Capital Formation 14049.00 13507.00 EUR Million Mar 2022
Full Year GDP Growth -2.80 1.20 percent Dec 2020
GDP From Utilities 1476.00 1590.00 EUR Million Mar 2022
GDP From Transport 1925.00 1939.00 EUR Million Mar 2022
GDP From Services 35621.00 35660.00 EUR Million Mar 2022
GDP From Public Administration 9392.00 9244.00 EUR Million Mar 2022
GDP From Manufacturing 9104.00 8920.00 EUR Million Mar 2022
GDP From Construction 3223.00 3124.00 EUR Million Mar 2022
GDP From Agriculture 1308.00 1350.00 EUR Million Mar 2022

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. .
Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.70 5.00 -6.50 1975 - 2022 percent Quarterly
SA, WDA

News Stream
Finnish Q1 GDP Revised Downward
The Finnish economy grew by 0.2 percent qoq in Q1 of 2022, compared with the flash figure of a 0.4 percent gain and after an upwardly revised 0. 7 percent increase in Q4. This was the softest expansion in a year, amid global uncertainty stemming from the Ukraine war, persistent supply bottleneck and surging inflation. Household consumption fell for the first time since Q2 2020, while there was a slowdown in fixed investment (3.6% vs 4.3% in Q4). At the same time, exports fell at a faster 9.8% (vs 8.1% in Q4) while imports dropped by 2% (vs 4.5%). Meanwhile, government spending rose 0.4%, rebounding from a 0.2% fall previously. On a yearly basis, the country's GDP advanced 3.6 percent in Q1, after an upwardly revised 3.4 percent growth in Q4.
2022-05-31
Finnish Q1 GDP Growth Weakest in a Year
The Finnish gross domestic product advanced 0.4 percent quarter-on-quarter in the first three months of 2022, easing from a 0.6 percent expansion in the prior quarter, pointing to the weakest growth since the first quarter of 2021, a preliminary reading showed. On a yearly basis, the economy expanded 4.3 percent, accelerating from a 2.9 percent growth in the last quarter of 2021.
2022-05-17
Finnish Q4 GDP Growth Confirmed at 0.6% QoQ
The Finnish gross domestic product advanced 0.6 percent quarter-on-quarter in the December quarter of 2021, in line with preliminary data and after an upwardly revised 0.9 percent expansion in the prior quarter. It was the weakest GDP growth since the first quarter, as private consumption rose softer (0.2 percent vs 1.4 percent in Q3), amid a contraction in government spending (-0.2 percent vs 0.5 percent). Meanwhile, fixed investment rebounded (3.0 percent vs -1.9 percent), while net foreign demand contributed positively to the GDP with exports growing by (7.1 percent vs 4.4 percent in Q3) and imports rising at a softer 3.8 percent (vs 3.0 percent). On a yearly basis, the economy grew by 2.9 percent, softer than preliminary reading of 3.7 percent and moderating from a downwardly revised 3.5 percent growth in the September quarter. For 2021 full year, the economy expanded by 3.3 percent.
2022-02-28