GDP in Finland

Finland GDP | Economic News & Forecasts

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

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)2.6  -1.4  -0.8  -0.6  0.3  

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Finland GDP Chart


Finland GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Statistics Finland.

Finland Facts

ValueChangeDate
Bond Yield0.770.0 %Jul 18
Exchange Rate8.09-0.87 %Jul 18
Stock Market4,062-1.17 %Jul 18

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