GDP in Finland
Finland - GDP
Economic activity accelerates in April
In April, economic activity in Finland expanded a working-day adjusted 3.8% over the same month last year, a substantial increase from March’s 2.9% increase (previously reported: +1.3%) as per the Monthly Trend Indicator of Output released by Statistics Finland. The result was driven by an increase in output in the manufacturing and construction sector while the agricultural sector also witnessed a pick-up in production.
A month-on-month comparison shows that economic activity increased 0.7% in seasonally-adjusted terms, an upswing from the previous month’s flat reading. As a result, annual average growth in economic activity increased from 1.9% in March (previously reported: +1.6%) to 2.2% in April.
The Central Bank expects the domestic economy to expand 2.1% in 2017 and 1.7% in 2018. FocusEconomics Consensus Forecast panelists expect a much lower expansion, forecasting GDP to expand 1.4% in 2017, which is up 0.1 percentage points from last month’s projection. For 2018, the panel sees GDP increasing 1.5%.
Finland - GDP Data
|Economic Growth (GDP, annual variation in %)||2.6||-1.4||-0.8||-0.6||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Finland GDP Chart
Source: Statistics Finland.
|Bond Yield||0.77||0.0 %||Jul 18|
|Exchange Rate||8.09||-0.87 %||Jul 18|
|Stock Market||4,062||-1.17 %||Jul 18|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 15, 2017
In April, economic activity in Finland expanded a working-day adjusted 3.8% over the same month last year, a substantial increase from March’s 2.9% increase (previously reported: +1.3%) as per the Monthly Trend Indicator of Output released by Statistics Finland.
June 15, 2017
Finland´s current account recorded a deficit in April, worsening from previous month’s result.
June 1, 2017
The Finnish economy took off in Q1, after experiencing a slowdown in the final quarter of last year.
May 16, 2017
Finland´s economic activity expanded a working-day adjusted 1.3% over the same month of the previous year, according to the Monthly Trend Indicator of Output.
May 15, 2017
Finland´s current account recorded a slight deficit in March, worsening from previous month´s result.