Finland Full Year GDP GrowthFinland Full Year GDP GrowthFinland Full Year GDP Growth

Finland Full Year GDP Growth

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Key data points


Last release
Observation period
2023
Next release
Forecast
Highest
7.20% on Dec 31, 1979
Lowest
−8.10% on Dec 31, 2009

About Finland Full Year GDP Growth


Category
GDP
Frequency
Annual
Units
%
The largest sector of the Finnish economy is services at 65 percent, followed by manufacturing and refining at 31 percent. Primary production is at 3 percent. Finland’s main industrial products are paper and board, electronics and metal products. Engineering and high technology industries are the leading branches of manufacturing. On the expenditure side, household consumption is the main component of GDP and accounts for 55 percent of its total use, followed by government expenditure (25 percent) and gross fixed capital formation (20 percent). Exports of goods and services account for 38 percent of GDP while imports account for 39 percent, subtracting 1 percent of total GDP.