GDP reading: GDP was up 0.5% on a seasonally adjusted month-on-month basis in April, following a 0.1% decline in the...
Economic Growth in Finland
Finland's economy recorded an average growth rate of 0.8% in the decade to 2024, compared to the 0.8% average for Euro Area. In 2024, real GDP growth was 0.4%. For more GDP information, visit our dedicated page.
Finland GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Finland from 2014 to 2025.
Source: Macrobond.
Finland GDP Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 2.7 | 0.8 | -1.3 | 0.9 | 0.8 |
| GDP (EUR bn) | 249 | 266 | 273 | 276 | 282 |
| Economic Growth (Nominal GDP, ann. var. %) | 5.2 | 7.0 | 2.6 | 1.2 | 2.0 |
Economic growth rises in the first quarter of 2026
GDP gains momentum: Finland's GDP increased 0.9% on a seasonally adjusted quarter-on-quarter basis in Q1, following a 0.5% expansion in the previous quarter. Q1's reading was the strongest since Q3 2021 and contrasted the euro area’s 0.2% contraction. On a calendar-adjusted year-on-year basis, GDP expanded 1.2% in Q1, following 0.5% growth in the prior quarter.
A broad-based pickup: Compared to the prior quarter's data, figures in Q1 improved for private consumption (+0.9% on a seasonally adjusted quarter-on-quarter basis vs +0.2% in Q4), government consumption (+0.2% vs -0.6% in Q4), fixed investment (+6.5% vs +2.0% in Q4), exports of goods and services (+3.2% vs -3.3% in Q4) and imports of goods and services (+2.2% vs -0.9% in Q4). Within investment, public investment led the expansion with a 30.8% surge, driven by defense expenditure. Private consumption grew particularly in goods, while services consumption remained flat compared to the previous quarter.
GDP to flatline in Q2 before rising thereafter: Our Consensus is for GDP to broadly flatline in Q2 2026. GDP should resume growth in the second half of 2026, albeit very modestly. Growth will be supported by defense spending thanks to further aircraft deliveries, though higher inflation in light of the Middle East conflict will weigh on consumer confidence.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Finnish GDP projections for the next ten years from a panel of 23 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Finnish GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Finnish GDP projections.
Want to get access to the full dataset of Finnish GDP forecasts? Send an email to info@focus-economics.com.
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