Finland GDP


Finland: Economy continues sustained recovery

November 12, 2010

In September, economic activity increased 4.2% over the previous year in working-day adjusted terms according to the monthly Trend Indicator of Output. The reading was slightly below the 4.5% increase tallied in August. Moreover, the figure was favoured by a low base of comparison, as in September last year output plunged 10.2% annually. A month-on-month comparison corroborates the notion of a softer growth as output remained flat in seasonally adjusted terms over the previous month. The monthly deceleration was the result of weaker growth in the services sector, which slowed from 4.2% in August to 3.2% in September. In contrast, both the primary (agriculture, hunting, forestry and fishery) and secondary (manufacturing and construction) sectors improved. The secondary sector accelerated to a 9.7% expansion in September (August: +8.8% year-on-year), while the primary sector moderated the pace of decline by contracting 4.9% (August: -10.1% yoy). Based on the preliminary monthly data, Statistics Finland estimates that in the third quarter the economy grew a seasonally adjusted 1.3% over the previous quarter and 4.3% in annual terms. The complete set of data for gross domestic product will be released on 9 December. The Bank of Finland anticipates that the economy will grow 2.6% this year and 3.0% next year.


Sample Report

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


Finland Economic News

  • Finland: Current account deficit widens to a multi-decade high

    June 14, 2019

    The current account balance slumped to a EUR 4.2 billion deficit in April, deteriorating from March’s revised EUR 0.24 billion shortfall (previously reported: EUR 0.47 billion deficit) and representing the lowest reading since contemporary records began in January 2006. The main reason for April’s slump was a massive downturn in the primary income account balance, which was itself caused by a strong increase in investment income debits on the back of international company restructurings at the end of last year. In the 12 months leading up to April, the current account balance totaled a EUR 5.3 billion deficit, representing a deterioration from the EUR 1.9 billion shortfall in March. The trade balance fell to a EUR 0.2 billion deficit in April, contrasting the EUR 0.2 billion surplus in March.

    Read more

  • Finland: Inflation slows in May

    June 14, 2019

    Consumer prices fell 0.2% in May compared to the previous month, contrasting the 0.6% rise logged in April.

    Read more

  • Finland: Economic growth jumps in April on resurgent manufacturing and construction

    June 14, 2019

    Economic activity grew a working-day adjusted 2.8% in April compared to the same month a year earlier, up from March’s revised 0.9% increase (previously reported: +1.1% year-on-year).

    Read more

  • Finland: Growth slumps in Q1

    May 29, 2019

    Economic growth slowed to 0.2% in seasonally-adjusted quarter-on-quarter terms in Q1 2019, according to a second GDP release by Statistics Finland.

    Read more

  • Finland: Current account deficit widens in March

    May 15, 2019

    The current account balance fell to a EUR 0.47 billion deficit in March, down from February’s revised EUR 0.15 billion shortfall (previously reported: EUR 0.04 billion deficit).

    Read more

More news

Search form