GDP in Finland

Finland GDP | Economic News & Forecasts

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  

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Finland GDP Chart

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

Finland Facts

Bond Yield0.463.70 %Jan 29
Exchange Rate8.43-0.38 %Jan 30
Stock Market4,0230.0 %Jan 30

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