Finland GDP


Finland: Economic activity slows in November

January 15, 2015

In November, economic activity rose a working-day adjusted 0.9% over the same month last year, according to the monthly Trend Indicator of Output. The reading, was down from the 1.2% expansion recorded in October, and mainly reflected that increases in the primary and services sectors more than offset a contraction in the secondary sector, which includes manufacturing and construction.

On a monthly basis, economic output in November contracted 0.5% in seasonally- and working-day adjusted terms, coming in further below October’s 0.1% contraction and marking the worst reading in four months. Annual average growth in economic activity rebounded from October’s minus 0.1% to plus 0.1% in November, marking the largest value since June 2012.

The Central Bank expects the economy to contract 0.1% in 2015 and to expand 1.0% in 2016. FocusEconomics Consensus Forecast panelists are more optimistic and expect GDP to expand 0.7% in 2015, which is down 0.1 percentage points from last month’s projection. For 2016, the panel sees GDP increasing 1.3%.

Author: Teresa Kersting, Economist

Sample Report

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


Finland GDP Chart

Finland GDP Monthly November 2014

Note: Year-on-year and annual average variation of working-day adjusted Trend Indicator of Output (TIO) in %.
Source: Statistics Finland and FocusEconomics calculations.

Finland Economic News

  • Finland: Economic growth accelerates in Q4

    February 28, 2018

    According to preliminary data released on 28 February by Statistics Finland, the economy picked up growth momentum in the fourth quarter of 2017.

    Read more

  • Finland: Current account balance swings to a deficit in December

    February 15, 2018

    According to Statistics Finland, the current account was in a deficit of EUR 0.06 billion in December, a deterioration compared to November’s surplus of EUR 0.09 billion.

    Read more

  • Finland: Growth in economic activity slows in December

    February 14, 2018

    Economic activity grew a working-day adjusted 3.6% in December compared to the same month of the previous year, down from November’s revised 4.3% increase (previously reported: +3.5% year-on-year).

    Read more

  • Finland: Economic activity gathers pace in November despite slower services growth

    January 16, 2018

    In November, economic activity grew a working-day adjusted 3.5% compared to the same month of the previous year, up from October’s revised 3.2% increase (previously reported: +2.6% year-on-year).

    Read more

  • Finland: Current account surplus shrinks in November

    January 15, 2018

    According to Statistics Finland, which heavily revised its historical data this month, the current account showed a EUR 0.09 billion surplus in November last year, less than the revised EUR 0.18 billion surplus recorded in October (previously reported: EUR 0.54 billion). In the 12 months leading up to November, the current account surplus widened to EUR 1.4 billion, compared to October’s revised cumulative 12-month surplus of EUR 1.2 billion (previously reported: EUR 0.18 billion). The trade surplus narrowed in November against the previous month, recording net inflows worth EUR 181 million compared to October’s revised EUR 284 million surplus (previously reported: EUR 279 million surplus).

    Read more

More news