• Finland: post-coronavirus GDP forecast 2021-2026

The GDP of 2022 is estimated at 265 billion euros, while the GDP in 2021 was 253 billion euros. A new COVID-19 wave during the spring 2021 slowed down the economic growth, but after the economic recovery, the GDP growth was at 3.5 percent in 2021. The Finnish economy is expected to return normal in 2022.

Forecast for gross domestic product (GDP) in Finland from 2021 to 2026 (in billion euros)

Characteristic	GDP in billion euros
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Release date

April 2022

More information

Region

Finland

Survey time period

Spring 2022

Supplementary notes

The source adds the following information: "The forecast is based on the assumption that the COVID-19 incidence will fall to a low level by summer 2021 as a result of restrictions, vaccinations and seasonal variation of the disease. Restrictions can be relaxed and lifted when the disease is no longer spreading under control."

"The medium-term economic outlook can be estimated on the basis of the potential output, which is considered to define the growth prerequisites for the economy. In its assessments of potential output, the Ministry of Finance uses the production function method jointly developed by the European Commission and EU Member States, in which potential output growth is divided into projections of potential labour input, capital and total factor productivity. Potential output and output gap are latent variables, the assessment of which involves uncertainties, especially during a strong economic cycle and under conditions of rapid changes in the production structure."