GDP in Finland
Finland - GDP
Economic growth picks up slightly in December
Economic activity grew a working-day adjusted 2.7% in December compared to the same month a year earlier, up from the significantly-revised 2.6% growth of November (previously reported: +1.8%). The fastest growing category of economic activity in December was that of primary production, which captures the agriculture, forestry and fishing sectors, although it saw a deceleration in growth compared to November. The second fastest expanding category was secondary production, which includes the manufacturing and construction sectors and saw an acceleration in December versus November. On the other hand, services production, which is the largest output category in Finland, saw growth slow in December.
A month-on-month comparison shows that economic activity on a seasonally-adjusted basis rose 0.5% in December, up from 0.2% in November. Average year-on-year growth in economic activity ticked up to 2.7% in December from 2.6% in November.
Finland GDP Forecast
FocusEconomics Consensus Forecast panelists expect an economic expansion of 1.9% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel sees GDP increasing 1.6%.
Finland - GDP Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, annual variation in %) | -0.8 | -0.6 | 0.1 | 2.3 | 2.6 |
Finland GDP Chart
Source: Statistics Finland.
Finland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.36 | 3.70 % | Feb 14 |
| Exchange Rate | 8.65 | -0.38 % | Feb 14 |
| Stock Market | 4,102 | 0.0 % | Feb 14 |
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Economic News
Finland: Economic growth picks up slightly in December
February 14, 2019
Economic activity grew a working-day adjusted 2.7% in December compared to the same month a year earlier, up from the significantly-revised 2.6% growth of November (previously reported: +1.8%).
Finland: The economy growth slows to a four-month low in November
January 15, 2019
Economic activity grew a working-day adjusted 1.8% in November compared to the same month a year earlier, down from the revised 3.2% growth in October, which was previously reported as 2.9%.
Finland: Finland logs a current account surplus in November for the first time in over a year
January 15, 2019
The current account balance was EUR 0.17 billion in November, contrasting the revised EUR 0.14 billion deficit in October, which was previously reported as a EUR 0.17 billion shortfall.
Finland: Inflation slows in December
January 14, 2019
Consumer prices fell 0.1% in December, contrasting the flat reading for November.
Finland: Another current account deficit in October after a substantial revision to historical data
December 14, 2018
The current account balance was minus EUR 0.17 billion in October, deteriorating from the EUR 0.36 billion deficit in September (previously reported: surplus of EUR 0.10 billion).
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