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Finnish GDP Ticks Upwards

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Finland’s seasonally adjusted gross domestic product (GDP) saw an uptick of 0.7 percent between April and June 2023, compared to the first quarter of the year, according to latest figures by Statistics Finland.

In comparison, GDP growth during the equivalent period last year was measured at 0.2 percent.

The latest report suggests that the number of employed people in Finland also increased by 0.9 percent year-on-year during Q2.

The figures are based on the agency’s preliminary data, with a more detailed report for the April-June quarter due later this month.

Finland’s economic growth is currently being restrained by inflation and increasing interest rates, which are suppressing demand, according to a Ministry of Finance report published in June.

The ministry added however that it expects the economy will pick up by the “latter part of the year,” thanks to green transition investments that could boost economic growth.

Source: Yle

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