Finland: GDP expected to rise again in 2014

Monday 8 December 2014 13:14 CET | News

The Finnish GDP in constant prices decreased by 0.6% in 2013, compared to a decline of 0.8% in 2012.

Due to the weakening trend in the international economy, Finland’s strong economic growth has slowed down, according to a report issued by the European umbrella organization for online retailers

However, in 2014, the growth rate is expected to pick up again, with a small increase of 0.6%. In 2013, the share of B2C ecommerce was 3.36% of the total Finnish GDP. The internet economy is expected to grow faster than traditional sectors, partly due to improving consumer confidence and a growing number of e-shoppers.

Finland’s main challenge in 2014 will be to stimulate growth in the face of weak demand in EU export markets.

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Keywords: Finland, GDP, increase, constant prices, decline, market, ecommerce, statistics
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce