Finland GDP Annual Growth Rate  1976-2017 | Data | Chart | Calendar

The Finnish gross domestic products expanded 3 percent year-on-year in the second quarter of 2017, much stronger than a preliminary estimate of 1.6 percent and following an increase of 3 percent in the previous three-month period, final data showed. It remained the strongest pace of expansion since the first quarter of 2011, supported by an increase in private consumption (2.6 percent from 2.7 percent in Q1), fixed investment (10.8 percent from 9.4 percent), government spending (1.5 percent from 0.6 percent) and exports (7.9 percent from 11.2 percent). On a quarterly basis, the economy grew by 0.4 percent, compared to a 1.2 percent expansion in the first quarter. GDP Annual Growth Rate in Finland averaged 2.16 percent from 1976 until 2017, reaching an all time high of 7.60 percent in the third quarter of 1979 and a record low of -9.30 percent in the first quarter of 2009.

Finland GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-06-01 06:00 AM GDP Growth Rate YoY Final 2.7% 1.8% 2.8% 2.8%
2017-08-15 06:00 AM GDP Growth Rate YoY Prel 1.6% 2.7% 2.8%
2017-09-01 06:00 AM GDP Growth Rate YoY Final 3% 3% 1.6% 1.6%
2017-11-14 07:00 AM GDP Growth Rate YoY Prel 3% 2.4%
2017-12-01 07:00 AM GDP Growth Rate YoY Final 3% 2.4%


Finland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 1.20 5.00 -6.80 percent [+]
GDP Annual Growth Rate 3.00 3.00 7.60 -9.30 percent [+]
GDP 236.79 232.36 283.74 5.22 USD Billion [+]
GDP Constant Prices 48704.00 48530.00 50194.00 17125.00 EUR Million [+]
Gross National Product 50633.00 49947.00 50710.00 27892.00 EUR Million [+]
Gross Fixed Capital Formation 11352.00 11060.00 11955.00 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 1264.00 1297.00 1297.00 873.00 EUR Million [+]
GDP From Construction 2786.00 2741.00 3177.00 1788.00 EUR Million [+]
GDP From Manufacturing 7452.00 7538.00 10106.00 3242.00 EUR Million [+]
GDP From Public Administration 7978.00 7891.00 8510.00 7560.00 EUR Million [+]
GDP From Services 29150.00 29022.00 29150.00 18086.00 EUR Million [+]
GDP From Transport 2247.00 2251.00 2317.00 1640.00 EUR Million [+]
GDP From Utilities 1350.00 1366.00 1614.00 991.00 EUR Million [+]


Finland GDP Annual Growth Rate

The largest sector of the Finnish economy is services at 65 percent, followed by manufacturing and refining at 31 percent. Primary production is at 3 percent. Finland’s main industrial products are paper and board, electronics and metal products. Engineering and high technology industries are the leading branches of manufacturing. 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 7.60 -9.30 1976 - 2017 percent Quarterly
WDA




gdp annual growth rate by Country

Last
China 6.90 Jun/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.01 Jun/17
Canada 3.70 Jun/17
Netherlands 3.30 Jun/17
Spain 3.10 Jun/17
South Korea 2.70 Jun/17
Russia 2.50 Jun/17
Euro Area 2.30 Jun/17
United States 2.20 Jun/17
Germany 2.10 Jun/17
Australia 1.80 Jun/17
France 1.80 Jun/17
Mexico 1.80 Jun/17
United Kingdom 1.70 Jun/17
Italy 1.50 Jun/17
Japan 1.40 Jun/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17