Today, Finland’s economy reflects its engagement with the world community; one-third of the country’s GDP comes from international trade. The economy returned to growth in 2016, posting a 1.9% GDP increase before growing an estimated 3.3% in 2017, supported by a strong increase in investment, private consumption, and net exports. GDP Economic growth, after solid 2019, is expected to moderate in 2020 as residential investment declines. Gross domestic product (GDP) growth rate in Finland fluctuated fairly strongly between 5.3 and -8.1 percent in the period from 2005 to 2019. At 9.5 percent of GDP, Finland ranked ninth among EU countries in terms of how much it spent on healthcare in 2016, relative to the size of its economy, according to Eurostat figures. Watch this live session on 16 December 2020 at 09:00 CET, as the World Economic Forum unveils its latest snapshot of global economic competitiveness. GDP growth will pick up slightly in 2021–2022, to 1.1% and 1.3%, respectively. FRED: Download, graph, and track economic data. GDP per Capita in Finland (with a population of 5,511,371 people) was $47,532 in 2017, an increase of $1,113 from $46,418 in 2016; this represents a change of 2.4% in GDP … Finland gdp growth rate for 2018 was 1.63%, a 1.47% decline from 2017. Real GDP (y-o-y%) Graph II.19.1: Finland - Real GDP growth and contributions, output gap forecast % of pot. 79.9. Finland’s economic growth accelerated to 0.9 percent in the final quarter of last year from the prior three-month period, flash estimate data by Statistics Finland showed on Thursday. Its overall score has increased by 0.8 point, helped by a higher score for fiscal health. Though Finland real GDP growth fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 1.1 % in 2019. Unemployment is set to fall gradually to its structural level while inflation is … In 2019, real GDP growth for Finland was 1.1 %. Finland gdp growth rate for 2019 was 0.98%, a 0.65% decline from 2018. However, both the euro area and the global economy will gradually recover and exert a pull on the Finnish economy, too. Gross Domestic Product. GDP Growth Rate in 2017 was 2.63%, representing a change of 6,769,133,396 US$ over 2016, when Real GDP was $255,195,401,932. ... No Change in Rank from 2019. 134 economic data series with tags: Finland, GDP. Finland gdp growth rate for 2017 was 3.10%, a 0.39% increase from 2016. The continued sluggishness of global and euro area growth is reflected in Finland’s growth figures, which will dip below 1% annual growth in 2020. Annual percentage growth rate of GDP at market prices based on constant local currency. Finland gdp growth rate for 2016 was 2.71%, a 2.17% increase from 2015. Beatrice Di Caro 15 Dec 2020 It's time to change how we measure what makes a business successful Finland’s economic freedom score is 75.7, making its economy the 20th freest in the 2020 Index. 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