GDP in Finland

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Finland - GDP

Economic activity growth decelerates in November

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. The reading was notably below October’s revised 2.6% increase (previously reported: +2.1% year-on-year). November’s reading mainly reflected strong growth in manufacturing and construction activity, which more than offset a stagnation in the services sector.

On a monthly basis, economic output growth in November dropped 0.3%, contrasting October’s revised 0.4% increase (previously reported: +0.1%). Despite the downturn in activity, the trend continued to point upward, with annual average growth in economic activity at 1.4% in November, which was above October’s 1.2% increase and marked the highest reading in almost five years.

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 up 0.1 percentage points from last month’s projection. For 2018, the panel sees GDP increasing 1.2%.

Finland - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)2.6  -1.4  -0.8  -0.7  0.5  

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Finland GDP Chart

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

Finland Facts

Bond Yield0.560.0 %Feb 16
Exchange Rate8.29-0.62 %Feb 16
Stock Market3,745-0.11 %Feb 16

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