Finland GDP

Finland

Finland: Economic activity continues to fall

May 15, 2013

In March, economic activity decreased a working-day adjusted 0.4% over the same month the previous year, based on the monthly Trend Indicator of Output. The negative reading followed a 2.8% contraction in February and marked the fifth decline in a row. The fall was the result of a drop in the secondary sector, as both the primary sector and services expanded in annual terms.

On a monthly basis, economic output increased a seasonally and working-day adjusted 1.0% over the previous month, which contrasted the 0.7% fall recorded in February.

Based on preliminary data, the statistical institute estimates GDP to have fallen a seasonally adjusted 0.1% over the preceding three-month period in Q1, following the 0.5% drop recorded in the fourth quarter. In annual terms, the statistical institute estimates the economy to have fallen a working-day adjusted 2.0% in Q1. More detailed data will be published on 5 June.

The Central Bank expects the overall economy to grow 0.3% this year before accelerating to a 1.5% expansion next year. FocusEconomics Consensus Forecast panellists expect GDP to grow % this year, which is from last month's projection. For 2014, the panel sees GDP expanding at %.


Author:,

Sample Report

Looking for forecasts related to GDP in Finland? Download a sample report now.

Download


Note: Quarter-on-quarter changes of seasonally adjusted GDP in %.
Source: Statistics Finland and FocusEconomics calculations.


Finland Economic News

  • Finland: Growth moderates in Q3, but remains firm

    December 1, 2017

    According to preliminary data released on 1 December, the economy lost momentum in the third quarter.

    Read more

  • Finland: Current account surplus narrows in September

    November 15, 2017

    The current account surplus was EUR 0.08 billion in September, considerably below the EUR 0.23 billion surplus recorded in August, but above the EUR 0.02 billion surplus recorded in September 2016.

    Read more

  • Finland: Economic growth quickens in September

    November 14, 2017

    In September, economic activity grew a working-day adjusted 3.8% over the previous year—up from August’s revised 3.7% rise (previously reported: +2.7% year-on-year)—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

    Read more

  • Finland: Economic activity slows in August

    October 13, 2017

    In August, economic activity grew by a working-day adjusted 2.7% over the previous year—down from July’s revised 3.6% rise (previously reported: +3.1%)—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

    Read more

  • Finland: Current account surplus steady in August

    October 13, 2017

    Finland’s current account surplus amounted to EUR 0.23 billion in August, almost unchanged from the revised EUR 0.25 billion surplus recorded in July (previously reported: EUR 0.16 billion). In the 12 months leading up to August, the current account deficit totaled EUR 0.52 billion, very close to July’s cumulative deficit of EUR 0.51 billion. However, the trade balance improved in August over the previous month, recording a EUR 238 million surplus compared to July’s EUR 75 million surplus.

    Read more

More news

Search form