GDP in Finland
Finland - GDP
Growth in economic activity slows in February
In February, economic activity in Finland expanded a working-day adjusted 3.0% over the same month of the previous year, according to the Monthly Trend Indicator of Output. The reading marked a mild slowdown from January’s 3.7% expansion. February’s reading mainly reflected robust growth in the agricultural and industrial sectors, which was offset by slow growth in the services sector.
On a monthly basis, economic activity in February decreased 0.1% in seasonally-adjusted terms, contrasting January’s 1.2% expansion. Despite a mild slowdown suggested by the annual data, the overall trend continues to point upwards, with annual average growth in economic activity at 1.5% in February, above January’s 1.4%.
The Central Bank expects the economy to expand 1.6% in 2017 and 1.5% in 2018. FocusEconomics Consensus Forecast panelists expect GDP to expand 1.2% 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 %)||-8.3||3.0||2.6||-1.4||-0.8|
5 years of economic forecasts for more than 30 economic indicators.
Finland GDP Chart
Source: Statistics Finland.
|Bond Yield||0.37||0.0 %||Apr 06|
|Exchange Rate||8.63||0.18 %||Apr 06|
|Stock Market||3,780||0.49 %||Apr 06|
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April 13, 2017
In February, economic activity in Finland expanded a working-day adjusted 3.0% over the same month of the previous year, according to the Monthly Trend Indicator of Output.
April 13, 2017
The current account was almost in balance for a second consecutive month in February with a deficit of just EUR 69 million, according to Statistics Finland.
March 16, 2017
In January, economic activity expanded a working-day adjusted 2.4% over the same month of the previous year, according to the Monthly Trend Indicator of Output.
March 15, 2017
The current account was almost in balance in January with a surplus of just 22 million, according to Statistics Finland.
March 1, 2017
The Finnish economy stagnated in Q4 compared to the previous quarter in seasonally-adjusted terms, which contrasted Q3’s 0.6% expansion, according to preliminary data released by Statistics Finland on 1 March.