Finland GDP Growth Rate  1975-2016 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Finland expanded 0.40 percent in the first quarter of 2016 over the previous quarter. GDP Growth Rate in Finland averaged 0.51 percent from 1975 until 2016, reaching an all time high of 5 percent in the third quarter of 1980 and a record low of -6.90 percent in the first quarter of 2009. GDP Growth Rate in Finland is reported by the Statistics Finland.

Finland GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.10 5.00 -6.90 1975 - 2016 percent Quarterly
SA, WDA
Finland's key economic sector is manufacturing, mainly the wood, metals, engineering, telecommunications, and electronics industries. Finnish GDP contracted by 8.3 percent in 2009 but saw brief positive growth in 2010-11. However, it went back into recession in 2012 and in 2014 contracted by 0.4 percent, as fixed investment and external demand struggled to recover. The recession affected general government finances and the debt ratio, turning previously strong budget surpluses into deficits. On the expenditure side, household consumption is the main component of GDP and accounts for 55 percent of its total use, followed by government expenditure (25 percent) and gross fixed capital formation (20 percent). Exports of goods and services account for 38 percent of GDP while imports account for 39 percent, subtracting 1 percent of total GDP. . This page provides - Finland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-12 07:00 AM Q4 -0.1% -0.5% -0.1%
2016-02-29 07:00 AM Q4 0.1% -0.2% -0.1% -0.1%
2016-05-13 06:00 AM Q1 0.4% 0.1% 0.1%
2016-06-07 06:00 AM Q1 0.1% 0.4% 0.4%
2016-08-12 06:00 AM Q2
2016-09-06 06:00 AM Q2

Finland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.10 5.00 -6.90 percent [+]
GDP Annual Growth Rate 1.00 0.60 7.60 -9.50 percent [+]
GDP 272.22 268.20 283.74 5.22 USD Billion [+]
GDP Constant Prices 46855.00 46539.00 50010.00 17125.00 EUR Million [+]
Gross National Product 47449.00 47595.00 50859.00 27931.00 EUR Million [+]
Gross Fixed Capital Formation 9653.00 9197.00 11860.00 3979.00 EUR Million [+]
GDP per capita 38837.11 39057.50 42415.08 10314.33 USD [+]
GDP per capita PPP 38569.11 38787.99 42122.39 25413.67 USD [+]
GDP From Agriculture 1229.00 1219.00 1249.00 873.00 EUR Million [+]
GDP From Construction 2413.00 2359.00 3217.00 1778.00 EUR Million [+]
GDP From Manufacturing 6887.00 6775.00 10065.00 3242.00 EUR Million [+]
GDP From Public Administration 7799.00 7770.00 8497.00 7562.00 EUR Million [+]
GDP From Services 28137.00 28163.00 28740.00 18115.00 EUR Million [+]
GDP From Transport 2222.00 2216.00 2290.00 1634.00 EUR Million [+]
GDP From Utilities 1487.00 1522.00 1618.00 993.00 EUR Million [+]




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Jamaica -1.20 Sep/15
Brazil -1.40 Dec/15
Mozambique -2.10 Dec/15
Bolivia -9.72 Jun/15
Nigeria -13.70 Mar/16