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. 2014-04-24

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

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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%
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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 39139.39 2014-06-30 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 38732.42 2014-06-30 USD [+]
GDP per capita PPP 31810.15 2012-12-31 32030.70 33500.76 17857.73 31780.68 2014-06-30 USD [+]
GDP 250.00 2012-12-31 263.00 272.00 5.20 240.07 2014-06-30 USD Billion [+]
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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 Retail Sales YoY at -0.40 percent  
Retail Sales in Finland decreased 0.40 percent in February of 2014 over the same month in the previous year. Retail Sales Yoy in Finland is reported by the Statistics Finland.
Finland Gold Reserves at 49.14 Tonnes  
Gold Reserves in Finland remained unchanged at 49.14 Tonnes in the fourth quarter of 2013 from 49.14 Tonnes in the third quarter of 2013. Gold Reserves in Finland is reported by the World Gold Council.
Finland Unemployment Rate at 9.50 Percent  
Unemployment Rate in Finland increased to 9.50 percent in March of 2014 from 9.10 percent in February of 2014. Unemployment Rate in Finland is reported by the Statistics Finland.
Finland Producer Prices at 1942.00 Index Points  
Producer Prices in Finland decreased to 1942 Index Points in March of 2014 from 1952 Index Points in February of 2014. Producer Prices in Finland is reported by the Statistics Finland.
Finland Producer Prices Change at -2.10 Percent  
Producer Prices in Finland decreased 2.10 percent in March of 2014 over the same month in the previous year. Producer Prices Change in Finland is reported by the Statistics Finland.
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.
Finland Unemployed Persons at 241.00 Thousand  
The number of unemployed persons in Finland increased to 241 Thousand in February of 2014 from 221 Thousand in January of 2014. Unemployed Persons in Finland is reported by the Statistics Finland.
Finland Wage Index at 108.80 Index Points  
Wages in Finland increased to 108.80 Index Points in the fourth quarter of 2013 from 108.40 Index Points in the third quarter of 2013. Wages in Finland is reported by the Statistics Finland.
Finland Wages in Manufacturing Index at 186.20 Index Points  
Wages in Manufacturing in Finland increased to 186.20 Index Points in the fourth quarter of 2013 from 185.20 Index Points in the third quarter of 2013. Wages in Manufacturing in Finland is reported by the Statistics Finland.
Finland Youth Unemployment Rate at 20.20 Percent  
Youth Unemployment Rate in Finland increased to 20.20 percent in February of 2014 from 20.10 percent in January of 2014. Youth Unemployment Rate in Finland is reported by the Eurostat.
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