Finland GDP

Finland

Finland: Economic growth moderates in first quarter

June 3, 2011

In the first quarter, GDP grew a seasonally adjusted 0.8% over the previous quarter, which represented a deceleration compared to the extraordinary 1.8% expansion tallied in the fourth quarter (previously reported: +1.7% quarter-on-quarter). Compared to the same period last year, the economy increased 5.5% in working-day adjusted terms. The slowdown over the previous quarter mainly came as a result of a weaker external sector, whose contribution to overall growth swung from +4.7 percentage points in the fourth quarter to minus 3.2 percentage points in the first. The deterioration was the result of exports contracting 4.8% (Q4 2010: +6.4% qoq), while imports accelerated to a 2.2% increase (Q4 2010: -4.1% qoq). The domestic sector continued to show signs of improvement. Domestic demand growth picked up from 0.6% in the fourth quarter to 1.4%, mostly driven by stronger fixed investment, which expanded 2.6% (Q4 2010: +0.6% qoq). In contrast, total consumption slowed, as private consumption moderated markedly from a 0.9% increase in the previous quarter to a modest 0.1% expansion, which was only partly offset by government spending accelerating to a 0.7% increase (Q4 2010: +0.5% qoq).


Author:,

Sample Report

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

Download




Finland Economic News

  • Finland: Economic growth slows in May

    July 16, 2019

    Economic activity grew a working-day adjusted 0.8% in May compared to the same month a year earlier, down from April’s substantially revised 1.8% growth reading (previously reported: +2.8% year-on-year).

    Read more

  • Finland: Inflation slows in June

    July 15, 2019

    Consumer prices increased 0.1% in June compared to the previous month, contrasting the 0.2% fall registered in May.

    Read more

  • Finland: Current account balance rebounds in May from April’s record low

    July 15, 2019

    The current account balance swung to a EUR 0.3 billion surplus in May, contrasting the EUR 4.2 billion deficit recorded in April, which represented the lowest reading since contemporary records began in January 2006 due to a massive slump in the primary income balance. In the 12 months leading up to May, the current account balance totaled a EUR 4.0 billion deficit, marking an improvement over the EUR 5.3 billion shortfall in April. The trade balance improved to a EUR 0.2 billion surplus in May, contrasting the EUR 0.2 billion deficit in April.

    Read more

  • Finland: Current account deficit widens to a multi-decade high

    June 14, 2019

    The current account balance slumped to a EUR 4.2 billion deficit in April, deteriorating from March’s revised EUR 0.24 billion shortfall (previously reported: EUR 0.47 billion deficit) and representing the lowest reading since contemporary records began in January 2006. The main reason for April’s slump was a massive downturn in the primary income account balance, which was itself caused by a strong increase in investment income debits on the back of international company restructurings at the end of last year. In the 12 months leading up to April, the current account balance totaled a EUR 5.3 billion deficit, representing a deterioration from the EUR 1.9 billion shortfall in March. The trade balance fell to a EUR 0.2 billion deficit in April, contrasting the EUR 0.2 billion surplus in March.

    Read more

  • Finland: Inflation slows in May

    June 14, 2019

    Consumer prices fell 0.2% in May compared to the previous month, contrasting the 0.6% rise logged in April.

    Read more

More news

Search form