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. Recovering and Rebuilding from 2020: follow the livestream. According to the Bank of Finland’s assessment, Finnish GDP will contract by 4.7% in 2020. Structure of Finland GDP: … 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 (%) Even though the recession appears to be shallower than feared in the spring, it is still deep, and recovery will be slow. 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. ... Finland - Economic Forecasts - 2020-2022 Outlook. Finland gdp per capita for 2019 was $48,686, a 2.67% decline from 2018. Finland gdp per capita for 2016 was $43,784, a 2.34% increase from 2015. Finland’s two-year scheme paid 2,000 randomly selected unemployed people across the country a regular monthly income of €560. Finland GDP Value was 269 USD Billion in 2020. Finland’s economy has had a more stable run through the Covid crisis than its euro-area peers. 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. Statistics and historical data on GDP growth rate, per capita PPP, constant prices. We forecast that real GDP will grow by 2.4% in 2021 after contracting in 2020. Finland gdp per capita for 2018 was $50,021, a 8% increase from 2017. 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. Finland gdp per capita for 2017 was $46,317, a 5.78% increase from 2016. The Finnish economy already weakened in the end of 2019, and the economic … 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. 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 Nordic nation’s GDP contracted a revised 3.9% in … A pre-lockdown Helsinki. According to a forecast, Finland's total output is expected to decrease by 3.3 percent in 2020. In brief.