Name: Finland Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

The Finnish gross domestic product contracted 2.8 percent in 2020, after a 1.2 percent expansion in 2019. source: Statistics Finland

Full Year GDP Growth in Finland averaged 2.14 percent from 1976 until 2020, reaching an all time high of 7.20 percent in 1979 and a record low of -8.10 percent in 2009. This page includes a chart with historical data for Finland Full Year GDP Growth. Finland Full Year GDP Growth - values, historical data and charts - was last updated on July of 2022.

Full Year GDP Growth in Finland is expected to reach 2.90 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Full Year GDP Growth is projected to trend around 2.70 percent in 2023 and 2.50 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	0.20	0.70	percent	Mar 2022
GDP Annual Growth Rate	3.60	2.90	percent	Mar 2022
GDP	269.75	268.76	USD Billion	Dec 2020

Finland Full Year GDP Growth

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.