Finland GDP Annual Growth Rate

The Finnish gross domestic product grew by 2.2 percent from a year earlier in the three months to March of 2019, the same pace as in the fourth quarter, a preliminary estimate showed. On a quarterly basis, the economy grew by 0.6 percent , after a 0.7 percent expansion in the previous period. GDP Annual Growth Rate in Finland averaged 2.18 percent from 1976 until 2019, 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.

GDP Annual Growth Rate in Finland is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Finland to stand at 1.40 in 12 months time. In the long-term, the Finland GDP Annual Growth Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-11-30	07:00 AM	GDP Growth Rate YoY Final	2.4%	2.3%	2.2%	2.2%
2019-02-14	07:00 AM	GDP Growth Rate YoY Prel	2.7%	2.4%		2.2%
2019-02-28	07:00 AM	GDP Growth Rate YoY Final	2.2%	2.1%	2.7%	2.7%
2019-05-15	05:00 AM	GDP Growth Rate YoY Prel	2.2%	2.2%		2%
2019-05-29	05:00 AM	GDP Growth Rate YoY Final		2.2%	2.2%	2.2%
2019-08-14	05:00 AM	GDP Growth Rate YoY Prel				2.1%
2019-08-30	05:00 AM	GDP Growth Rate YoY Final				2.1%

Finland GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.60	0.70	5.00	-6.80	percent	[+]
GDP Annual Growth Rate	2.20	2.20	7.60	-9.30	percent	[+]
GDP	251.88	238.68	283.74	5.22	USD Billion	[+]
GDP Constant Prices	50916.00	50441.00	50916.00	17125.00	EUR Million	[+]
Gross National Product	51633.00	50328.00	51633.00	27880.00	EUR Million	[+]
Gross Fixed Capital Formation	11506.00	11108.00	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	1410.00	1339.00	1410.00	873.00	EUR Million	[+]
GDP From Construction	2868.00	2777.00	3204.00	1774.00	EUR Million	[+]
GDP From Manufacturing	8059.00	7937.00	10103.00	3242.00	EUR Million	[+]
GDP From Public Administration	7940.00	7979.00	8510.00	7561.00	EUR Million	[+]
GDP From Services	29634.00	29718.00	29796.00	18089.00	EUR Million	[+]
GDP From Transport	2145.00	2287.00	2301.00	1639.00	EUR Million	[+]
GDP From Utilities	1498.00	1549.00	1616.00	991.00	EUR Million	[+]

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 May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.20	2.20	7.60	-9.30	1976 - 2019	percent	Quarterly	WDA

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Country	Last		Previous	Range
India	6.60	Dec/18	7	11.4 : -5.2	%
China	6.40	Mar/19	6.4	15.4 : 3.8	%
Indonesia	5.07	Mar/19	5.18	7.16 : 1.56	%
Saudi Arabia	3.60	Dec/18	2.5	24.2 : -20.7	%
United States	3.20	Mar/19	3	13.4 : -3.9	%
Spain	2.40	Mar/19	2.3	5.6 : -4.3	%
Australia	2.30	Dec/18	2.7	9 : -3.4	%
South Korea	1.80	Mar/19	3.1	20.8 : -7.3	%
United Kingdom	1.80	Mar/19	1.4	9.7 : -6.1	%
Netherlands	1.70	Mar/19	2.2	6.1 : -4.6	%
Canada	1.60	Dec/18	1.9	9.3 : -4.1	%
Switzerland	1.40	Dec/18	2.4	5.8 : -3.7	%
Euro Area	1.20	Mar/19	1.2	5 : -5.5	%
Mexico	1.20	Mar/19	1.7	9 : -9.1	%
Singapore	1.20	Mar/19	1.3	19 : -8.8	%
Brazil	1.10	Dec/18	1.3	10.1 : -5.5	%
France	1.10	Mar/19	1	12.6 : -3.8	%
South Africa	1.10	Dec/18	1.3	7.1 : -2.6	%
Japan	0.80	Mar/19	0.2	9.4 : -8.8	%
Germany	0.70	Mar/19	0.6	7.2 : -6.8	%
Russia	0.50	Mar/19	2.7	12.1 : -11.2	%
Italy	0.10	Mar/19	0	10.3 : -7.2	%
Turkey	-3.00	Dec/18	1.8	11.7 : -14.4	%
Argentina	-6.20	Dec/18	-3.7	16.2 : -16.3	%