GDP in Finland
Finland - GDP
Economic activity growth slows in December
In December, economic activity expanded a working-day adjusted 1.0% over the same month of the previous year, according to the Monthly Trend Indicator of Output. The reading was notably below November’s revised 2.1% increase (previously reported: +1.6% year-on-year). December’s reading mainly reflected strong growth in the agricultural sector, which more than offset a stagnation in the services sector.
On a monthly basis, economic output growth in December dropped 0.2%, contrasting November’s revised 0.1% increase (previously reported: -0.3% month-on-month). The downturn in activity means the trend is now pointing downwards, with annual average growth in economic activity at 1.3% in December, below November’s 1.4%, which had marked the highest reading in almost five years.
With December’s result, GDP is estimated to have contracted 0.5% on a seasonally-adjusted quarterly basis in Q4 2016. In year-on-year terms, GDP grew 0.2% in Q4. More detailed national accounts data will be published on 1 March.
The Central Bank expects the economy to expand 1.3% in 2017 and 1.2% in 2018. FocusEconomics Consensus Forecast panelists expect GDP to expand 1.1% in 2017, which is unchanged from last month’s projection. For 2018, the panel sees GDP increasing 1.3%.
Finland - GDP Data
|Economic Growth (GDP, annual variation in %)||2.6||-1.4||-0.8||-0.7||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Finland GDP Chart
Source: Statistics Finland.
|Bond Yield||0.52||-1.89 %||Mar 23|
|Exchange Rate||8.49||0.30 %||Mar 23|
|Stock Market||3,788||0.83 %||Mar 23|
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February 16, 2017
Finland's current account posted a EUR 297 million deficit in December, according to Statistics Finland.
February 14, 2017
In December, economic activity expanded a working-day adjusted 1.0% over the same month of the previous year, according to the Monthly Trend Indicator of Output.
January 13, 2017
In November, Finnish economic activity expanded a working-day adjusted 1.6% over the same month last year, according to the Monthly Trend Indicator of Output.
January 13, 2017
The current account posted a EUR 195 million surplus in November, according to Statistics Finland.
December 15, 2016
In October, economic activity in Finland expanded a working-day adjusted 2.1% over the same month last year, according to the Monthly Trend Indicator of Output.