The Finnish gross domestic product advanced by 3.3 percent quarter-on-quarter in the September quarter 2020, the first expansion since the second quarter last year, after a downwardly revised 3.9 percent contraction in the previous period, and faster than an earlier estimate of a 2.6 percent growth. There were rebounds in both private consumption (2.9% vs -4.1% in Q2) and government spending (0.4% vs -1.8%). In addition, fixed investment contracted less (-0.3% vs -1.5%). Meanwhile net foreign demand contributed negatively to the GDP as exports rose by 2.6% (vs -11.1%) while imports increased at a faster (4.7% vs -12.6%). On a yearly basis, the economy shrank 2.7 percent in the third quarter, following a downwardly revised 6.2 percent contraction 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 February of 2021.
GDP Growth Rate in Finland is expected to be -1.30 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 1.20 in 12 months time. In the long-term, the Finland GDP Growth Rate is projected to trend around 1.20 percent in 2021 and 0.50 percent in 2022, according to our econometric models.