Finland GDP

Finland

Finland: Growth moderates in the fourth quarter

March 2, 2012

In the fourth quarter, GDP increased 0.1% in seasonally adjusted terms over the previous quarter. The reading came in well below the 1.1% expansion observed in the third quarter (previously reported: +0.9% quarter-on-quarter), but a notch above the 0.1% contraction expected last month by Consensus Forecast panellists. In annual terms, the economy grew a working-day adjusted 1.4%, down from the 3.3% increase tallied in the previous quarter. The slowdown over the previous quarter was mainly due to deterioration in the external sector's net contribution to overall growth, which swung from plus 1.4 percentage points in the third quarter to minus 1.8 percentage points in the fourth. Exports contracted 0.7%, contrasting a 1.9% increase in the third quarter. Imports, meanwhile, picked up from a 1.3% contraction in the third quarter to a 3.8% expansion. Total consumption moderated from a 0.4% expansion in the third quarter to a 0.1% increase in the fourth, as increased government consumption (Q3: -0.4% qoq; Q4: +0.2% qoq) was unable to offset a significant slowdown in private consumption (Q3: +0.7% qoq; Q4: +0.1% qoq). Moreover, fixed investment moderated to a 0.4% increase, down from the 1.1% expansion seen in the third quarter.


Author:,

Sample Report

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

Download




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