Finland’s gross domestic product expanded 0.2% quarter-on-quarter in the Q1 of 2023, revised lower compared to initial estimates of a 1.1% rise and recovering from a 0.6% contraction in the previous period. The growth was driven mainly by the rebound in private consumption (0.1% vs -0.8% in the previous quarter) and government spending (3.1% vs -0.3%). Meanwhile, fixed investments declined further (-3% vs -2.6%), due to the decrease in both public and private investments. On net trade, imports fell 2.7% (vs -2.3%), while exports dropped at a softer 0.1% (vs -2.2%). On a yearly basis, the economy shrank 0.4%, the first contraction since the Q1 of 2021. source: Statistics Finland
GDP Growth Rate in Finland averaged 0.50 percent from 1975 until 2023, reaching an all time high of 5.00 percent in the third quarter of 1980 and a record low of -6.50 percent in the first quarter of 2009. This page provides - Finland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
GDP Growth Rate in Finland is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland GDP Growth Rate is projected to trend around 0.30 percent in 2024, according to our econometric models.