GDP in Finland

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Finland - GDP

Economic activity growth accelerates in August

Economic activity grew a working-day adjusted 2.3% in August compared to the same month last year, up from the revised 1.7% expansion in July (previously reported: +1.5% year-on-year).

The economy had a mixed sector-by-sector performance in August. Services production, the largest output category in Finland, expanded 0.7%, down from 1.3% in July. Primary production, which captures the agriculture, forestry and fishing sectors, increased a meager 1.1%, significantly down from the 8.2% increase in July. Secondary production, which includes the manufacturing and construction sectors, had a better performance in August; it grew 6.9%, up from 2.4% in July.

A month-on-month comparison shows that economic activity on a seasonally-adjusted basis expanded 0.2% in August, contrasting the revised 0.4% contraction in July (previously reported: -0.5% year-on-year). Average year-on-year growth in economic activity remained steady at July’s 2.4% in August.

Met the why particular Consensus Forecast panelists expect an economic expansion of 2.7% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees GDP increasing 2.1%.

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

ValueChangeDate
Bond Yield0.763.70 %Oct 16
Exchange Rate8.15-0.38 %Oct 16
Stock Market4,0820.0 %Oct 16

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