Finland GDP


Finland: Economic activity accelerates to fastest pace in more than two years

April 15, 2014

In February, economic activity expanded a working-day adjusted 0.4% over the same month last year according to the monthly Trend Indicator of Output. The reading contrasted the revised 0.4% contraction seen in January (previously reported: +0.2% year-on-year) and represents the largest growth rate since January 2012. The expansion was the result of an increase in the services sector which more than offset the decline tallied in the primary and secondary sectors.

On a monthly basis, economic output expanded a seasonally- and working-day adjusted 0.2% in February, which was down from the revised 0.8% expansion recorded in January (previously reported: +0.5% month-on-month). As a consequence of the expansion, annual average growth in economic activity improved from January's minus1.3% to minus 0.9% in February, and now sits at the highest level since November 2012.

The Central Bank expects the economy to expand 0.6% in 2014 and to accelerate to 1.7% in 2015. FocusEconomics Consensus Forecast panelists expect GDP to grow 0.6% this year, which is down 0.4 percentage points from last month's projection. For 2015, the panel sees GDP expanding at 1.7%.

Author:, Head of Data Solutions

Sample Report

Looking for forecasts related to GDP in Finland? Download a sample report now.


Note: Quarter-on-quarter changes of seasonally adjusted GDP in %.
Source: Statistics Finland and FocusEconomics calculations.

Finland Economic News

  • Finland: Growth moderates in Q3, but remains firm

    December 1, 2017

    According to preliminary data released on 1 December, the economy lost momentum in the third quarter.

    Read more

  • Finland: Current account surplus narrows in September

    November 15, 2017

    The current account surplus was EUR 0.08 billion in September, considerably below the EUR 0.23 billion surplus recorded in August, but above the EUR 0.02 billion surplus recorded in September 2016.

    Read more

  • Finland: Economic growth quickens in September

    November 14, 2017

    In September, economic activity grew a working-day adjusted 3.8% over the previous year—up from August’s revised 3.7% rise (previously reported: +2.7% year-on-year)—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

    Read more

  • Finland: Economic activity slows in August

    October 13, 2017

    In August, economic activity grew by a working-day adjusted 2.7% over the previous year—down from July’s revised 3.6% rise (previously reported: +3.1%)—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

    Read more

  • Finland: Current account surplus steady in August

    October 13, 2017

    Finland’s current account surplus amounted to EUR 0.23 billion in August, almost unchanged from the revised EUR 0.25 billion surplus recorded in July (previously reported: EUR 0.16 billion). In the 12 months leading up to August, the current account deficit totaled EUR 0.52 billion, very close to July’s cumulative deficit of EUR 0.51 billion. However, the trade balance improved in August over the previous month, recording a EUR 238 million surplus compared to July’s EUR 75 million surplus.

    Read more

More news

Search form