Finland's gross domestic product contracted by 1.8 percent year-on-year in December 2020, after an upwardly revised 0.8 percent drop in the prior month. It was the eleventh straight month of decline in the economy, as both production of manufacturing (-1.4 percent vs -0.1 percent in November) and services (-2.2 percent vs -0.9 percent) shrank faster. Meanwhile, production of agriculture, forestry and fishing rebounded sharply (6 percent vs -4.2 percent). source: Statistics Finland

Leading Economic Index in Finland averaged 1.96 percent from 1996 until 2020, reaching an all time high of 12.80 percent in March of 1998 and a record low of -11 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 February of 2021.

Leading Economic Index in Finland is expected to be -1.00 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 0.90 in 12 months time. In the long-term, the Finland Trend Indicator of Output YoY is projected to trend around 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
-1.80 -0.80 12.80 -11.00 1996 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-13 06:00 AM Sep -3.2% -3.2% -3.2%
2020-12-15 06:00 AM Oct -1.9% -2.1% -2%
2021-01-15 06:00 AM Nov -0.4% -1.8%
2021-02-16 06:00 AM Dec -1.8% -0.8%
2021-03-15 06:00 AM Jan -1.8%
2021-04-15 05:00 AM Feb
2021-05-14 05:00 AM Mar
2021-06-16 05:00 AM Apr


News Stream
Finnish Economy Shrinks for 11th Month
Finland's gross domestic product contracted by 1.8 percent year-on-year in December 2020, after an upwardly revised 0.8 percent drop in the prior month. It was the eleventh straight month of decline in the economy, as both production of manufacturing (-1.4 percent vs -0.1 percent in November) and services (-2.2 percent vs -0.9 percent) shrank faster. Meanwhile, production of agriculture, forestry and fishing rebounded sharply (6 percent vs -4.2 percent).
2021-02-16
Finnish Economy Shrinks at Softer Pace in November
Finland's gross domestic product contracted by 0.4 percent year-on-year in November 2020, after a downwardly revised 1.8 percent drop in the prior month. It was the tenth straight month of decline in the economy, but the smallest pace in the current sequence, as production of manufacturing rebounded sharply (1.9 percent vs -0.5 percent in October), while both of services (-1.1 percent vs -2.2 percent) and agriculture, forestry and fishing (- 0.2 percent vs -3.7 percent) shrank much less.
2021-01-15
Finnish Economy Shrinks the Least in 8 Months
Finland's gross domestic product contracted by 1.9 percent year-on-year in October 2020, after a downwardly revised 2.1 percent fall in the prior month. It was the ninth straight month of decline in the economy, but the smallest pace since February, as production of manufacturing fell less (-0.9 percent vs -2.3 percent in September), while that of services dropped by 2.2 percent in October, unchanged from the previous month. Meanwhile, production of agriculture, forestry and fishing declined 3.9 percent in October, after increasing by 2.0 percent in September.
2020-12-15
Finnish Economy Shrinks for 8th Month
Finland's gross domestic product contracted by 3.2 percent year-on-year in September 2020, unchanged from a revised figure in the prior month. It was the eighth straight month of decline in the economy, as production fell for both services (-2.3 percent vs -3.3 percent in August) and manufacturing sectors (-6.0 percent vs -1.8 percent). By contrast, production of agriculture, forestry and fishing rebounded sharply (1.4 percent vs -12.6 percent).
2020-11-13

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.