Finland GDP Growth Rate

The Gross Domestic Product (GDP) in Finland contracted 0.30 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Finland is reported by the Statistics Finland. GDP Growth Rate in Finland averaged 0.54 Percent from 1975 until 2013, reaching an all time high of 5 Percent in the third quarter of 1980 and a record low of -6.30 Percent in the first quarter of 2009. Finland has a highly industrialized, largely free-market economy. Its key economic sector is manufacturing - principally the wood, metals, engineering, telecommunications, and electronics industries. Trade is important, with exports equaling almost one-third of the GDP. This page provides - Finland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.30 0.00 5.00 -6.30 0.03 | 2014/03 1975 - 2013 Percent Quarterly

TO

Finland GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-05 07:00 AM Finland
GDP Growth Rate QoQ
Q1 2013 -0.1% -0.5% -0.1% -0.1%
2013-09-05 07:00 AM Finland
GDP Growth Rate QoQ
Q2 2013 0.2% -0.2% (R) -0.06%
2013-12-05 07:00 AM Finland
GDP Growth Rate QoQ
Q3 2013 0.0% 0.1% (R) 0.28%
2014-03-03 07:00 AM Finland
GDP Growth Rate QoQ
Q4 2013 -0.3% 0.0% 0.27%
2014-06-05 07:00 AM Finland
GDP Growth Rate QoQ
Q1 2014 -0.3% 0.03%
2014-09-04 07:00 AM Finland
GDP Growth Rate QoQ
Q2 2014 0.16%
[+]

GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate -0.30 2013-12-31 0.00 5.00 -6.30 0.03 2014-03-31 Percent [+]
GDP Annual Growth Rate -0.60 2013-12-31 -1.00 7.60 -9.90 0.52 2014-03-31 Percent [+]
GDP Constant Prices 39305.00 2013-11-15 39429.00 42087.00 17125.00 39240.40 2014-03-31 EUR Million [+]
Gross Fixed Capital Formation 6943.00 2013-11-15 7175.00 8724.00 3862.00 6883.59 2014-03-31 EUR Million [+]
Gross National Product 37180.00 2013-11-15 37440.00 41996.00 22765.00 37377.86 2014-03-31 EUR Million [+]
GDP per capita 38658.29 2012-12-31 38926.32 40712.85 10314.07 38595.62 2013-12-31 USD [+]
GDP per capita PPP 31810.15 2012-12-31 32030.70 33500.76 17857.73 31766.99 2013-12-31 USD [+]
GDP 250.00 2012-12-31 263.00 272.00 5.20 244.45 2013-12-31 USD Billion [+]
[+]


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Finland Current Account at 100.00 EUR Million  
Finland recorded a Current Account surplus of 100 EUR Million in February of 2014. Current Account in Finland is reported by the Bank of Finland.
Finland Consumer Price Index (CPI) at 119.60 Index Points  
Consumer Price Index (CPI) in Finland increased to 119.60 Index Points in March of 2014 from 119.30 Index Points in February of 2014. Consumer Price Index (CPI) in Finland is reported by the Statistics Finland.
Finland Inflation Rate MoM at 0.20 Percent  
The Consumer Price Index in Finland increased 0.20 percent in March of 2014 over the previous month. Inflation Rate Mom in Finland is reported by the Statistics Finland.
Finland Inflation Rate at 1.10 Percent  
The inflation rate in Finland was recorded at 1.10 percent in March of 2014. Inflation Rate in Finland is reported by the Statistics Finland.
Finland Unemployment Rate at 9.10 Percent  
Unemployment Rate in Finland increased to 9.10 percent in February of 2014 from 8.50 percent in January of 2014. Unemployment Rate in Finland is reported by the Statistics Finland.
Finland New Orders at 102.90 Index Points  
New Orders in Finland increased to 102.90 Index Points in February of 2014 from 90.90 Index Points in January of 2014. New Orders in Finland is reported by the Statistics Finland.
Finland Producer Prices at 1952.00 Index Points  
Producer Prices in Finland increased to 1952 Index Points in February of 2014 from 1950 Index Points in January of 2014. Producer Prices in Finland is reported by the Statistics Finland.
Finland Producer Prices Change at -1.29 Percent  
Producer Prices in Finland decreased 1.29 percent in February of 2014 over the same month in the previous year. Producer Prices Change in Finland is reported by the Statistics Finland.
Finland Remittances at 5.00 EUR Million  
Remittances in Finland remained unchanged at 5 EUR Million in the third quarter of 2013 from 5 EUR Million in the second quarter of 2013. Remittances in Finland is reported by the Eurostat.
Finland Terms of Trade at 86.10 Index Points  
Terms of Trade in Finland increased to 86.10 Index Points in February of 2014 from 85.80 Index Points in January of 2014. Terms of Trade in Finland is reported by the Statistics Finland.
MORE RELATED NEWS

LATEST NEWS

China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
Euro Area Inflation Rate Confirmed at 0.5% in March  
Euro area annual inflation was 0.5 percent in March of 2014, matching initial estimates and slowing from 0.7 percent in February. On a monthly basis, prices increased 0.9 percent, up from 0.3 percent in the previous month.
UK Unemployment Rate Down to 5-Year Low  
In the three months to February of 2014, UK jobless rate fell to 6.9 percent, down from 7.2 percent in the previous period. Pay growth rose 1.7 percent and caught up with inflation for the first time in nearly four years.
Chinese GDP Growth Slows in Q1  
China’s economy advanced 7.4 percent in the first quarter of 2014, slowing from a 7.7 percent expansion in the previous period, but beating market forecasts. It is the lowest growth since the third quarter of 2012, as exports and imports contracted and growth in fixed asset investment eased.
New Zealand Inflation Rate Slows in Q1  
The CPI increased 1.5 percent in the year to the March 2014 quarter, following a 1.6 percent increase in the year to the December 2013 quarter. About half of the annual increase came from housing and household utility prices, which increased 3.3 percent.
US Inflation Rate Up to 1.5% in March  
US annual consumer prices accelerated to 1.5 percent in March, boosted by higher shelter and food cost. On a monthly basis, the inflation rate edged up to 0.2 percent, following a 0.1 percent increase in February.
India Consumer Inflation Edges Up in March  
Indian annual consumer prices accelerated in March for the first time in four months to 8.31 percent, up from a revised 8.03 percent in February, driven by higher food prices.
Nigerian Inflation Rate Edges Up Slightly in March  
The annual consumer prices in Nigeria accelerated to 7.8 percent in March of 2014, from 7.7 percent recorded in February, as food cost edged up. Compared with the same period a year earlier, the inflation rate slowed down from 8.6 in March of 2013.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News






Markets

GDP

Labour

Prices

Money

Trade

Government

Business

Consumer

Taxes

Housing