GDP in Finland
Finland - GDP
Economic growth moderates in February
Economic activity grew a working-day adjusted 1.7% in February compared to the same month a year earlier, down from the revised 2.1% rise in January (previously reported: +1.5% year-on-year). The headline reading was dampened by a strong slowdown in services production, which is the largest output category in Finland. Moreover, primary production, which captures the agriculture, forestry and fishing sectors, slowed notably. More positively, secondary production, which includes the manufacturing and construction sectors, grew 3.0% or more for the third consecutive month.
A month-on-month comparison shows that economic activity on a seasonally-adjusted basis fell 0.3% in February, contrasting 0.4% growth in January. Average year-on-year growth in economic activity was unchanged at January’s 2.0%.
FocusEconomics Consensus Forecast panelists expect an economic expansion of 1.8% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel sees GDP increasing 1.5%.
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 | 0.46 | 3.70 % | Jan 29 |
| Exchange Rate | 8.43 | -0.38 % | Jan 30 |
| Stock Market | 4,023 | 0.0 % | Jan 30 |
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Economic News
Finland: Current account balance deteriorates to a deficit in February
April 18, 2019
The current account balance fell to a EUR 0.04 billion deficit in February, contrasting the revised EUR 0.50 billion surplus in January, which was previously reported as a EUR 0.84 billion surplus.
Finland: Economic growth moderates in February
April 16, 2019
Economic activity grew a working-day adjusted 1.7% in February compared to the same month a year earlier, down from the revised 2.1% rise in January (previously reported: +1.5% year-on-year).
Finland: Inflation decelerates in March
April 15, 2019
Consumer prices rose 0.1% in March compared to the previous month, down from the 0.5% rise in February.
Finland: April general elections could mark shift in fiscal and labor market policy
March 21, 2019
According to the latest opinion polls, Prime Minister Juha Sipila’s Centre Party, which currently heads the three-party coalition government, is set to lose its grip on power after the general elections on 14 April, and a shift towards the left of the political spectrum is increasingly foreseeable.
Finland: Current account balance returns to surplus in January
March 15, 2019
The current account balance rose to a EUR 0.84 billion surplus in January, contrasting the revised EUR 0.22 billion deficit in December, which was previously reported as a EUR 0.46 billion shortfall.
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