Finland's gross domestic product contracted by 5.5 percent year-on-year in May 2020, after a downwardly revised 5.3 percent fall in the prior month. It was the third straight month of decline in the economy, as both production of services (-6.7 percent vs -6.4 percent in April) and manufacturing (-3.4 percent vs -3.0 percent) shrank faster. Meanwhile, output continued to rise for agriculture, forestry and fishing (4.3 percent vs 0.5 percent).

Leading Economic Index in Finland averaged 2.08 percent from 1996 until 2020, reaching an all time high of 12.85 percent in March of 1998 and a record low of -11.02 percent in April of 2009. This page provides the latest reported value for - Finland GDP YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Finland Trend Indicator of Output YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Finland

Leading Economic Index in Finland is expected to be -3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Finland to stand at 3.00 in 12 months time. In the long-term, the Finland Trend Indicator of Output YoY is projected to trend around 0.90 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Finland Trend Indicator of Output YoY

Actual Previous Highest Lowest Dates Unit Frequency
-5.53 -5.28 12.85 -11.02 1996 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-15 05:00 AM Feb 1% 1.4%
2020-05-15 05:00 AM Mar -2.7% 1%
2020-06-16 05:00 AM Apr -7.9% -5.7% -4%
2020-07-15 05:00 AM May -5.5% -5.3%
2020-08-14 05:00 AM Jun -5.5% -5%
2020-09-15 05:00 AM Jul -4.5%
2020-10-15 05:00 AM Aug -4%
2020-11-13 06:00 AM Sep -3.2%


News Stream
Finnish GDP Shrinks for 3rd Month
Finland's gross domestic product contracted by 5.5 percent year-on-year in May 2020, after a downwardly revised 5.3 percent fall in the prior month. It was the third straight month of decline in the economy, as both production of services (-6.7 percent vs -6.4 percent in April) and manufacturing (-3.4 percent vs -3.0 percent) shrank faster. Meanwhile, output continued to rise for agriculture, forestry and fishing (4.3 percent vs 0.5 percent).
2020-07-15
Finnish Economy Shrinks the Most Since 2009
Finland's gross domestic product shrank by 7.9 percent year-on-year in April 2020, after an upwardly revised 5.7 percent fall in the prior month. It was the second straight month of decline in the economy and the steepest fall since November 2009, as production of services contracted more (-9.9 percent vs -5.8 percent in March). Meanwhile, output continued to decline for both agriculture, forestry and fishing (-5.2 percent vs -11.1 percent) and manufacturing (-3.1 percent vs -4.7 percent).
2020-06-16
Finnish GDP Growth Eases to 1% in February
Finland's gross domestic product expanded by 1.0 percent year-on-year in February 2020, slowing from a downwardly revised 1.4 percent advance in the prior month. Production growth eased for services (1.4 percent vs 1.9 percent in January). In addition, agriculture, forestry and fishing output shrank faster 10.9 percent, compared to a 5.7 percent fall in the previous month. Meanwhile, manufacturing output growth accelerated (1.2 percent vs 1.0 percent).
2020-04-15
Finnish GDP Growth Strongest in 4 Months
Finland's gross domestic product expanded by 1.7 percent year-on-year in January 2020, accelerating from an upwardly revised 0.6 percent advance in the prior month. This was the strongest growth rate since September last year, as activity rose at faster pace for both manufacturing (2.3 percent vs 0.6 percent in December 2019) and services (2.2 percent vs 0.7 percent). Conversely, agriculture, forestry and fishing output shrank 5.9 percent, compared to 5.6 percent fall in the previous month.
2020-03-13

Finland Trend Indicator of Output YoY
GDP YoY measures the change in the value of the goods and services produced by the country economy compared to the corresponding month in the previous year.