Finland GDP Annual Growth Rate  1976-2017 | Data | Chart | Calendar

The Finnish gross domestic product advanced 1.3 percent year-on-year in the fourth quarter of 2016, better than a preliminary reading of 0.2 percent, and following an upwardly revised 1.9 percent growth in the previous period, final data showed. Fixed investment was the main driver of growth (8.1 percent from 4.5 percent in Q3), while household consumption increased at a slower pace (2 percent from 2.3 percent) and government spending contracted (-1.3 percent from 0.5 percent). On a quarterly basis, the economy showed no growth, compared to an upwardly revised 0.6 percent growth in the third quarter. In 2016, the economy grew by 1.6 percent from the previous year, mainly boosted investments and households' consumption expenditure. GDP Annual Growth Rate in Finland averaged 2.15 percent from 1976 until 2016, reaching an all time high of 7.60 percent in the third quarter of 1979 and a record low of -9.20 percent in the first quarter of 2009.

Finland GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-02 07:00 AM Q3 1.6% 0.9% 1.4% 1.4%
2017-02-14 07:00 AM Q4 0.2% 1.6% 1.2%
2017-03-01 07:00 AM Q4 1.3% 1.9% 0.2% 0.2%
2017-05-16 06:00 AM Q1 1.3% 1.1%
2017-06-01 06:00 AM Q1 1.3% 1.1%
2017-08-15 06:00 AM Q2 1%




Finland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.00 0.60 5.00 -6.80 percent [+]
GDP Annual Growth Rate 1.30 1.90 7.60 -9.20 percent [+]
GDP 231.95 272.46 283.74 5.22 USD Billion [+]
GDP Constant Prices 47636.00 47616.00 50193.00 17125.00 EUR Million [+]
Gross National Product 48399.00 47708.00 50774.00 27917.00 EUR Million [+]
Gross Fixed Capital Formation 10619.00 10309.00 11889.00 3979.00 EUR Million [+]
GDP per capita 45132.79 45207.14 49366.64 12196.05 USD [+]
GDP per capita PPP 38509.84 38573.28 42122.40 25413.66 USD [+]
GDP From Agriculture 1225.00 1181.00 1259.00 873.00 EUR Million [+]
GDP From Construction 2667.00 2636.00 3171.00 1786.00 EUR Million [+]
GDP From Manufacturing 6891.00 6988.00 10114.00 3243.00 EUR Million [+]
GDP From Public Administration 7758.00 7787.00 8499.00 7561.00 EUR Million [+]
GDP From Services 28573.00 28528.00 28761.00 18089.00 EUR Million [+]
GDP From Transport 2178.00 2151.00 2300.00 1639.00 EUR Million [+]
GDP From Utilities 1559.00 1553.00 1618.00 993.00 EUR Million [+]



Finland GDP Annual Growth Rate Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.90 7.60 -9.20 1976 - 2016 percent Quarterly
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