GDP in Finland

Finland GDP | Economic News & Forecasts

Finland - GDP

Economic activity growth ramps up in March

Economic activity grew a working-day adjusted 3.1% in March compared to the same month last year, up from February’s 2.4% expansion and the strongest result since May last year. This is according to the latest monthly Trend Indicator of Output released by Statistics Finland.

The improved result in March came on the back of a 4.9% expansion in secondary production, which comprises the manufacturing and construction sectors (February: +3.0% year-on-year). Services production, the largest output category in Finland, grew 1.6% in March, down from 2.0% in February. Meanwhile, primary production, which includes the agriculture, hunting, forestry and fishing sectors, expanded 1.6%, swinging up from February’s 0.2% contraction.

A month-on-month comparison shows that economic activity on a seasonally-adjusted basis expanded 0.6% in March, up from February’s revised flat reading (previous reported: -0.1% month-on-month). Average year-on-year growth in economic activity remained steady at February’s 2.8% in March.

The Central Bank expects the economy to expand 2.5% in 2018 and 1.6% in 2019. Met the why particular Consensus Forecast panelists expect an economic expansion of 2.5% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees GDP increasing 2.2%.

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 Yield0.723.70 %Jun 14
Exchange Rate8.14-0.38 %Jun 14
Stock Market4,3190.0 %Jun 14

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