The Finnish gross domestic product grew by 0.4 percent quarter-on-quarter in the December quarter 2020, easing from a downwardly revised 3.2 percent expansion in the previous period, but faster than an earlier estimate of a 0.2 percent growth. Government spending expanded by 2.8 percent in the fourth quarter, following a 2.2 percent gain in the previous quarter. Also, net foreign demand contributed positively to the GDP as exports rose by 8.8 percent (vs 3.8 percent in Q3) while imports declined 1.4 percent (vs 4.7% in Q3). Meanwhile, private consumption fell by 1.5 percent, reversing from 8.0 percent growth in Q3. At the same time, fixed investment contracted more (-1.9 percent vs -0.9 percent). On a yearly basis, the economy shrank 1.4 percent in the fourth quarter, following a downwardly revised 2.6 percent fall in the prior quarter. source: Statistics Finland
GDP Growth Rate in Finland averaged 0.50 percent from 1975 until 2020, reaching an all time high of 5 percent in the third quarter of 1980 and a record low of -6.80 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 May of 2021.
GDP Growth Rate in Finland is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Finland to stand at 0.50 in 12 months time. In the long-term, the Finland GDP Growth Rate is projected to trend around 0.30 percent in 2022 and 0.40 percent in 2023, according to our econometric models.