GDP in Finland

Finland GDP | Economic News & Forecasts

Finland - GDP

The economy growth slows to a four-month low in November

Economic activity grew a working-day adjusted 1.8% in November compared to the same month a year earlier, down from the revised 3.2% growth in October, which was previously reported as 2.9%. This latest outturn represents activity growth at a four-month low.

Dynamics were mixed across economic sectors in November, with decelerating growth in services production—which is the largest output category—and secondary production—which includes the manufacturing and construction sectors. On the other hand, primary production, which captures the agriculture, forestry and fishing sectors, saw accelerating output growth in November.

A month-on-month comparison shows that economic activity on a seasonally-adjusted basis decreased 0.3% in November, down from October’s flat reading. Average year-on-year growth in economic activity ticked down to 2.4% in November from 2.5% in October.

Finland GDP Forecast

Met the why particular Consensus Forecast panelists expect an economic expansion of 2.0% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel sees GDP increasing 1.8%.

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 Yield0.503.70 %Jan 21
Exchange Rate8.56-0.38 %Jan 21
Stock Market4,0280.0 %Jan 21

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