Finland: post-coronavirus GDP growth forecast

According to a forecast, Finland's total output is expected to increase by 0 percent in 2023. The Finnish economy already weakened in the end of 2019, and the economic crisis caused by the coronavirus (COVID-19) pandemic resulted in a fall of 2.4 percent in 2020. However, the preliminary figures indicate that the contraction in the Finnish economy was less severe than in most other European countries. The GDP growth is projected at 1.2 percent in 2024 and at 1.8 percent in 2025 after the economic recovery from the current crisis.

Growth forecast for gross domestic product (GDP) in Finland from 2020 to 2025

Characteristic	Projected GDP change
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Release date

October 2023

More information

Region

Finland

Survey time period

Autumn 2023

Supplementary notes

* forecast

The source adds the following information: "The forecast is based on the assumption that the sanctions and the impact of Russia’s war of aggression on economic relations will remain at the current level. The war will have a negative impact on the economy throughout the outlook period, but the impact will be mitigated by the economy adapting to the new circumstances."

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