Finland GDP Annual Growth Rate  1976-2016 | Data | Chart | Calendar

Finland's economy advanced 0.5 percent in 2015 compared to a 0.7 percent contraction in the previous year. It was the first annual growth after a three-year recession, boosted by private consumption (+1.4 percent) and exports (+0.6 percent); while fixed investment (-1.1 percent), government expenditure (-0.9 percent) and imports (-0.4 percent) shrank. Separate data from Statistics Finland showed that the country's public debt reached a new peak last year of 63.1 percent of GDP compared to 59.3 percent in 2014 while government budget deficit came in at 2.7 percent of GDP from 3.2 percent in the previous year. GDP Annual Growth Rate in Finland averaged 2.16 percent from 1976 until 2015, reaching an all time high of 7.60 percent in the third quarter of 1979 and a record low of -9.50 percent in the first quarter of 2009. GDP Annual Growth Rate in Finland is reported by the Statistics Finland.

Finland GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.60 -0.20 7.60 -9.50 1976 - 2015 percent Quarterly
WDA
Finland is the eighth most competitive country in Europe according to World Economic Forum its R&D spending per capita is among the highest in the world. In 2013, more than 6 EUR billion were invested in Research and Development, which comprises a research ratio of nearly 3.31 percent in relation to the country’s GDP, significantly above the EU average of 2.01 percent (2013). The largest sector of the Finnish economy is services at 65 percent, followed by manufacturing and refining at 31 percent. Primary production is at 3 percent. Finland’s main industrial products are paper and board, electronics and metal products. Engineering and high technology industries are the leading branches of manufacturing. 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-04 07:00 AM Q3 -0.2% 0.1% -0.7% -0.8%
2016-02-12 07:00 AM Q4 -0.3% -0.2% -0.1%
2016-02-29 07:00 AM Q4 0.6% 0.3% -0.3% -0.3%
2016-05-13 06:00 AM Q1 0.6% 0.57%
2016-06-07 06:00 AM Q1 0.6%
2016-08-12 06:00 AM Q2 0.42%

Finland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 -0.50 5.00 -6.90 percent [+]
GDP Annual Growth Rate 0.60 -0.20 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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South Sudan 15.90 Dec/14
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Myanmar 8.70 Dec/14
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China 6.70 Mar/16
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Panama 5.30 Dec/15
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Gabon 5.10 Dec/14
Indonesia 5.04 Dec/15
Bolivia 5.01 Jun/15
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Zambia 5.00 Dec/15
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
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Burundi 4.70 Dec/14
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Zimbabwe 4.00 Dec/14
Algeria 3.90 Dec/15
Guatemala 3.90 Sep/15
Macedonia 3.90 Dec/15
Romania 3.70 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Sep/15
Namibia 3.50 Sep/15
Nepal 3.40 Dec/15
Spain 3.40 Mar/16
Suriname 3.40 Dec/14
Colombia 3.30 Dec/15
Costa Rica 3.30 Dec/15
Slovenia 3.30 Dec/15
Cape Verde 3.20 Dec/15
Hungary 3.20 Dec/15
Iceland 3.20 Dec/15
Madagascar 3.20 Dec/14
Australia 3.00 Dec/15
Bulgaria 3.00 Dec/15
Comoros 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Malawi 3.00 Dec/15
Georgia 2.90 Dec/15
Mexico 2.90 Mar/16
Bahrain 2.80 Dec/15
Thailand 2.80 Dec/15
Cyprus 2.70 Dec/15
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Sep/15
Somalia 2.60 Dec/14
Sri Lanka 2.50 Dec/15
Swaziland 2.50 Dec/14
Mongolia 2.30 Dec/15
New Zealand 2.30 Dec/15
Israel 2.20 Dec/15
Lithuania 2.20 Mar/16
Albania 2.15 Dec/15
Nigeria 2.11 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Germany 2.10 Dec/15
United Kingdom 2.10 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Eritrea 1.90 Dec/14
Hong Kong 1.90 Dec/15
Latvia 1.80 Mar/16
Singapore 1.80 Mar/16
European Union 1.70 Mar/16
Haiti 1.70 Dec/15
Euro Area 1.60 Mar/16
Netherlands 1.60 Dec/15
Belgium 1.50 Mar/16
Jamaica 1.50 Sep/15
Montenegro 1.40 Dec/15
Austria 1.30 Mar/16
Chile 1.30 Dec/15
France 1.30 Mar/16
Portugal 1.30 Dec/15
Bahamas 1.20 Dec/15
Serbia 1.20 Dec/15
Paraguay 1.10 Dec/15
Italy 1.00 Dec/15
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Argentina 0.90 Dec/15
Estonia 0.70 Dec/15
Japan 0.70 Dec/15
Belize 0.60 Dec/15
Finland 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Tunisia 0.30 Dec/15
Barbados 0.20 Dec/14
Norway 0.10 Dec/15
Uruguay -0.10 Dec/15
Kazakhstan -0.20 Mar/16
Brunei -0.50 Dec/15
Greece -0.70 Dec/15
Liechtenstein -0.80 Dec/14
Taiwan -0.84 Mar/16
Ecuador -0.90 Dec/15
Puerto Rico -0.90 Dec/14
Gambia -1.40 Dec/14
Ukraine -1.40 Dec/15
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Syria -2.30 Dec/11
Iraq -2.40 Dec/14
Moldova -3.30 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Russia -3.80 Dec/15
Kyrgyzstan -4.90 Mar/16
Brazil -5.90 Dec/15
Venezuela -7.10 Sep/15
Macau -14.40 Dec/15
Libya -21.80 Dec/14
Yemen -28.10 Dec/15