Finnish Q1 GDP Growth Strongest Since 2021

2026-05-29 05:22 By Joshua Ferrer 1 min. read

Finland’s economy expanded by 0.9% quarter-on-quarter in the first quarter of 2026, matching preliminary estimates and accelerating from a downwardly revised 0.3% growth in the previous quarter.

The latest reading marked the strongest quarterly expansion since Q3 2021, largely supported by a sharp 30.8% increase (vs 2% in Q4 2025) in government spending, linked to defense investments, as deliveries of state-purchased fighter jets began.

Net external demand also contributed positively to the GDP, as exports (3.2% vs -3.3%) grew more than imports (2.2% vs -0.9%).

Additionally, household expenditures (0.9% vs 0.2%) rose at a faster pace.

On the other hand, growth in private investments slowed to 0.4% from 2% in the prior period.

On a yearly basis, the economy grew by 1.1% in Q1, the fastest rise since Q4 2024, after a 0.1% expansion in the preceding period.



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Finnish Q1 GDP Growth Strongest Since 2021
Finland’s economy expanded by 0.9% quarter-on-quarter in the first quarter of 2026, matching preliminary estimates and accelerating from a downwardly revised 0.3% growth in the previous quarter. The latest reading marked the strongest quarterly expansion since Q3 2021, largely supported by a sharp 30.8% increase (vs 2% in Q4 2025) in government spending, linked to defense investments, as deliveries of state-purchased fighter jets began. Net external demand also contributed positively to the GDP, as exports (3.2% vs -3.3%) grew more than imports (2.2% vs -0.9%). Additionally, household expenditures (0.9% vs 0.2%) rose at a faster pace. On the other hand, growth in private investments slowed to 0.4% from 2% in the prior period. On a yearly basis, the economy grew by 1.1% in Q1, the fastest rise since Q4 2024, after a 0.1% expansion in the preceding period.
2026-05-29
Finnish Economy Rises 0.9% in Q1
Finland’s economy expanded 0.9% quarter-on-quarter in the first quarter of 2026, up from 0.4% in the previous quarter, according to preliminary estimates. This marked the strongest quarterly growth since Q3 2021, signalling a continued recovery in economic activity. On a year-on-year basis, Finland’s GDP accelerated to 1.3% in Q1 2026, picking up from 0.1% in the preceding quarter.
2026-04-30
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Finland’s gross domestic product expanded by 0.4% quarter-on-quarter in the fourth quarter of 2025, lower than the preliminary estimate of 0.6%, but rebounding from a downwardly revised 0.1% contraction in the previous quarter. This marked the first growth since the third quarter of 2024, driven by increased household expenditure (0.4% vs 0.3% in Q3) and gross fixed capital formation (1.7% vs 0%). On the other hand, government spending declined by 1.4%, reversing a 1% rise in the prior period. Net external demand also contributed negatively to the GDP, as exports (-4.1% vs 3.1%) dropped more than imports (-1.7% vs 2.9%). On a yearly basis, the economy grew by 0.1% in Q4, recovering from a downwardly revised 0.1% decline in the preceding quarter.
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