GDP Annual Growth Rate in Finland averaged 2.09 percent from 1976 until 2020, reaching an all time high of 7.60 percent in the third quarter of 1979 and a record low of -9.10 percent in the second quarter of 2009. Finland’s economic rate of growth will slow down clearly this year and remain modest also next year. On a yearly basis, the economy shrank 6.4 percent in the second quarter, following an upwardly revised 1.3 percent contraction in the prior quarter. In June 2016, the government enacted a Competitiveness Pact aimed at reducing labor costs, increasing hours worked, and introducing more flexibility into the wage bargaining system. For measuring the growth rate of GDP in terms of volumes, the GDP at current prices are valued in the prices of the previous year and the thus computed volume changes are imposed on the level of a reference year; this is called a chain-linked series. Finland … Germany, France, Italy, Spain: Sustained Growth Required to Heal Public Finances as EMU-4 Debt Soars ... GDP Annual Growth Rate-4. National Currency Units per US Dollar, Annual, Not Seasonally Adjusted 1950 to 2010 (2012-08-31) Real GDP at Constant National Prices for Finland . This page provides - Finland Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news. A distinctive feature of Finnish economic growth, especially since the Second World War, has been the major significance of growth in productivity. On a yearly basis, the economy shrank 4.9 percent in the second quarter, following a 1.1 percent contraction in the prior quarter. Download historical data for 20 million indicators using your browser. 2. Primary production is at 3 percent. Domestic demand is functioning as the engine of growth. Guyana is followed by South Sudan (4.11%), Bangladesh (3.80%), and Egypt (3.55%). Finland’s economic freedom score is 75.7, making its economy the 20th freest in the 2020 Index. GDP fell by over 10 percent in three years, and unemployment rose to 18 percent. Share. Finland publishes good house price and rent statistics. Slash and burn cultivation finally gave way to field cultivation during the nineteenth century, even in the eastern parts of the country. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Please, enter valid email This … Real GDP growth forecasts. While we are currently combating an acute crisis, we must at the same time direct our thinking strongly towards the economic challenges of the post-crisis years. The Finnish gross domestic product grew by 2.6 percent quarter-on-quarter in the September quarter 2020, the first expansion since the third quarter last year, after a 4.5 percent contraction in the previous period, a preliminary estimate showed. There were rebounds in both private consumption (2.9% vs -4.1% in Q2) and government spending (0.4% vs -1.8%). km] Country Scorecard. . The analysed country is : Finland. - … Current Finland GDP Growth Rate: 2.14% Finland GDP Growth Rate for Dec 2016 Mean: 2.84% Median: 3.04% Min: -8.27% (Dec 2009) Max: 9.59% (Dec 1969) Finland GDP growth rate per year. Finnish Consumer Morale Strongest in 5 Months, Finnish Jobless Rate Rises to 6.9% in November, Finnish Economy Shrinks the Least in 8 Months, Finnish Inflation Rate Unchanged at 0.2% in November, Finnish Current Account Surplus Largest in 10 Months, Finnish GDP Growth Revised Up to 3.3% in Q3, Finnish Producer Prices Fall for 5th Month, Finnish Industrial Output Rises the Least in 4 months, South Korea Export Growth Beats Estimates, Mexican Peso Suffers Worst Year Since 2016, Kenya December Inflation Rate Hits 8-Month High, Colombia Exports Continue to Fall in November, Russia Inflation Rate Soars to Over 1-1/2-Year High, Zambia December Inflation Rate Soars to Over 4-Year High, US Weekly Jobless Claims Fall More Than Forecast. The employment rate is defined with respect to the economically active population and therefore captures the (inverse) changes in the structural unemployment rate. 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%). Current Finland GDP Growth Rate: 2.14% Finland GDP Growth Rate for Dec 2016 Mean: 2.84% Median: 3.04% Min: -8.27% (Dec 2009) Max: 9.59% (Dec 1969) Finland GDP growth rate per year. Finland emerges as the 'new sick man of Europe' as euro's worst performing economy. 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. Download historical data for 20 million indicators using your browser. Population, Million persons, 1998-2018 Population, Annual growth rate (%), 2018