GDP in Finland

Finland GDP | Economic News & Forecasts

Finland - GDP

Economic activity slows slightly in July

In July, economic activity expanded by a working-day adjusted 3.1% over the previous year—down slightly from June’s 3.3% rise—according to the latest monthly Trend Indicator of Output released by Statistics Finland. The result was driven by a 3.2% expansion in the agriculture, forestry and fishing sector. The manufacturing and construction industry, meanwhile, expanded 2.9% and the services industry grew at a slightly slower pace of 2.2%.

A month-on-month comparison shows that economic activity grew 0.2% in seasonally-adjusted terms in July, contrasting June’s flat reading. As a result, annual average growth in economic activity rose from 2.9% in June to 3.0% in July.

The Central Bank expects the domestic economy to expand 2.1% in 2017 and 1.7% in 2018. FocusEconomics Consensus Forecast panelists expect a slightly lower expansion of 2.0% in 2017. For 2018, the panel sees GDP increasing 1.6%, which is up 0.3 percentage points from last month’s projection.

Finland - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)-1.4  -0.8  -0.6  0.3  1.5  

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Finland GDP Chart

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

Finland Facts

Bond Yield0.644.92 %Sep 21
Exchange Rate7.80-0.79 %Sep 21
Stock Market3,9560.07 %Sep 21

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