In brief. News 14.8.2020 13:13 | updated 14.8.2020 13:20 Finland's GDP drops nearly 5% in Q2 However, an economist noted that Finland's GDP decline was not as severe as in many other European countries. Even though the recession appears to be shallower than feared in the spring, it is still deep, and recovery will be slow. Finland’s two-year scheme paid 2,000 randomly selected unemployed people across the country a regular monthly income of €560. Economic Forecast Summary (1 December 2020) Recovery from the COVID-19 hit to the economy began in the second half of 2020, led by consumption and exports. Finland GDP Value was 269 USD Billion in 2020. Finland gdp per capita for 2017 was $46,317, a 5.78% increase from 2016. Finland gdp per capita for 2019 was $48,686, a 2.67% decline from 2018. According to the Bank of Finland’s assessment, Finnish GDP will contract by 4.7% in 2020. We forecast that real GDP will grow by 2.4% in 2021 after contracting in 2020. Watch this live session at 14:30 CET on 16 December 2020, as experts discuss how to overcome the economic, health and social challenges of the past year. News 29.5.2020 13:04 | updated 29.5.2020 13:04 Statistics Finland: Economy is officially in recession Drops in GDP, export and employment for the second consecutive quarter indicates Finland is in economic decline. The economic rebound will be driven by private consumption growth amid the release of pent-up demand and increased household savings from 2020, in the absence of lockdown restrictions and with a vaccine distributed. Economy Latest Trend Ranking; Composite leading indicator (CLI) Indicator 100.18 Amplitude adjusted Long-term average = 100 Nov-2020 Finland Long-term average = 100 Household disposable income Indicator: 1.7 Net Annual growth rate (%) This page has economic forecasts for Finland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Finland economy. The Finnish economy already weakened in the end of 2019, and the economic … GDP is estimated to have fallen by 4% in 2020 and is projected to expand by around 1½ per cent in 2021 and 1¾ per cent in 2022. According to a forecast, Finland's total output is expected to decrease by 3.3 percent in 2020. Structure of Finland GDP: … Recovering and Rebuilding from 2020: follow the livestream. Finland’s economy has had a more stable run through the Covid crisis than its euro-area peers. 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