The Finnish economy grew by 0.2 percent qoq in Q1 of 2022, compared with the flash figure of a 0.4 percent gain and after an upwardly revised 0. 7 percent increase in Q4. This was the softest expansion in a year, amid global uncertainty stemming from the Ukraine war, persistent supply bottleneck and surging inflation. Household consumption fell for the first time since Q2 2020, while there was a slowdown in fixed investment (3.6% vs 4.3% in Q4). At the same time, exports fell at a faster 9.8% (vs 8.1% in Q4) while imports dropped by 2% (vs 4.5%). Meanwhile, government spending rose 0.4%, rebounding from a 0.2% fall previously. On a yearly basis, the country's GDP advanced 3.6 percent in Q1, after an upwardly revised 3.4 percent growth in Q4. source: Statistics Finland
GDP Growth Rate in Finland averaged 0.51 percent from 1975 until 2022, reaching an all time high of 5 percent in the third quarter of 1980 and a record low of -6.50 percent in the first quarter of 2009. This page provides - Finland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
GDP Growth Rate in Finland is expected to be -0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland GDP Growth Rate is projected to trend around 0.40 percent in 2023, according to our econometric models.