Finland's gross domestic product contracted by 3.3 percent year-on-year in August 2020, after a downwardly revised 2.7 percent fall in the prior month. It was the sixth straight month of decline in the economy, as production fell for all sectors: services (-3.1 percent vs -2.2 percent in July), agriculture, forestry and fishing (-12.6 percent vs 9.5 percent) and manufacturing (-2.7 percent vs -5.0 percent). source: Statistics Finland

Leading Economic Index in Finland averaged 2.02 percent from 1996 until 2020, reaching an all time high of 12.80 percent in March of 1998 and a record low of -11 percent in April of 2009. This page provides the latest reported value for - Finland GDP YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Finland Trend Indicator of Output YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Leading Economic Index in Finland is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Finland to stand at 2.00 in 12 months time. In the long-term, the Finland Trend Indicator of Output YoY is projected to trend around 0.90 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Finland Trend Indicator of Output YoY

Actual Previous Highest Lowest Dates Unit Frequency
-3.30 -2.70 12.80 -11.00 1996 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-15 05:00 AM May -5.5% -5.3%
2020-08-14 05:00 AM Jun -4.8% -5.6% -5%
2020-09-15 05:00 AM Jul -2.8% -4.2% -4.5%
2020-10-15 05:00 AM Aug -3.3% -2.7% -4%
2020-11-13 06:00 AM Sep -3.3% -3.2%
2020-12-15 06:00 AM Oct


News Stream
Finnish Economy Shrinks for 6th Month
Finland's gross domestic product contracted by 3.3 percent year-on-year in August 2020, after a downwardly revised 2.7 percent fall in the prior month. It was the sixth straight month of decline in the economy, as production fell for all sectors: services (-3.1 percent vs -2.2 percent in July), agriculture, forestry and fishing (-12.6 percent vs 9.5 percent) and manufacturing (-2.7 percent vs -5.0 percent).
2020-10-15
Finnish July Economy Shrinks at Softer Pace
Finland's gross domestic product contracted by 2.8 percent year-on-year in July 2020, after a downwardly revised 4.2 percent drop in the prior month. It was the fifth straight month of decline in the economy, but the smallest decrease in the current sequence as production of services fell softer (-2.5 percent vs -4.5 percent in June), while output of agriculture, forestry and fishing grew faster (9.5 percent vs 4.3 percent). On the other hand, manufacturing production continued to drop (-4.7 percent vs -4.3 percent).
2020-09-15
Finnish Economy Shrinks for 4th Month
Finland's gross domestic product contracted by 4.8 percent year-on-year in June 2020, after an upwardly revised 5.6 percent drop in the prior month. It was the fourth straight month of decline in the economy, but the smallest decrease in the current sequence as production of services fell less (-4.7 percent vs -6.8 percent in May), while manufacturing production continued to drop (-5.9 percent vs -3.5 percent). On the other hand, output of agriculture, forestry and fishing continued to expand (3.8 percent vs 4.3 percent).
2020-08-14
Finnish GDP Shrinks for 3rd Month
Finland's gross domestic product contracted by 5.5 percent year-on-year in May 2020, after a downwardly revised 5.3 percent fall in the prior month. It was the third straight month of decline in the economy, as both production of services (-6.7 percent vs -6.4 percent in April) and manufacturing (-3.4 percent vs -3.0 percent) shrank faster. Meanwhile, output continued to rise for agriculture, forestry and fishing (4.3 percent vs 0.5 percent).
2020-07-15

Finland Trend Indicator of Output YoY
GDP YoY measures the change in the value of the goods and services produced by the country economy compared to the corresponding month in the previous year.