GDP in Finland
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 |
Finland GDP Chart
Source: Statistics Finland.
Finland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.64 | 4.92 % | Sep 21 |
| Exchange Rate | 7.80 | -0.79 % | Sep 21 |
| Stock Market | 3,956 | 0.07 % | Sep 21 |
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Economic News
Finland: Current account swings to a surplus in July
September 15, 2017
Finland’s current account swung up to a EUR 0.2 billion surplus in July, an improvement from the EUR 0.4 billion deficit recorded in June.
Finland: Economic activity slows slightly in July
September 15, 2017
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.
Finland: Current account plunges to a deficit in June
August 15, 2017
Finland´s current account swung to a deficit in June, deteriorating from May’s revised EUR 0.5 billion surplus (previously reported: EUR 1.2 billion surplus) to a EUR 0.3 billion deficit.
Finland: Economic activity contracts in June
August 15, 2017
In June, economic activity in Finland contracted a working-day adjusted 0.5% over the same month last year, contrasting May’s 2.8% increase as per the Monthly Trend Indicator of Output released by Statistics Finland.
Finland: Current account surplus widens in May on the back of surging exports
July 14, 2017
Finland´s current account recorded a surplus in May, improving on the previous month’s result.
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