In 2023, Finland's GDP was dominantly driven by the Services sector, accounting for 48.66% of the economy. Mining, Manufacturing, and Utilities followed at 20.28%. The Wholesale, Retail trade, Restaurants, and Hotels sectors contributed 10.98%, while Transport, Storage, and Communication accounted for 10.56%. The Construction sector had a value share of 6.84%, and Agriculture, Hunting, Forestry, and Fishing comprised 2.67%.
Year-on-year data reflect stability across these sectors, with marginal growth in Services and Utilities. Over the past five years, the compound annual growth rate (CAGR) indicates modest advancement in Services and a mild contraction in Agriculture and Manufacturing.
Future trends to watch include technological advancements boosting the Services and Communication sectors, renewable energy investments impacting Utilities, and sustainable practices potentially revitalizing Agriculture and Forestry. Close monitoring of the global economic environment will be essential for understanding shifts in these sectoral contributions.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 48.66 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 20.28 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 10.98 | 2016 | |
| 4 | 4 Transport, storage and communication | 10.56 | 2016 | |
| 5 | 5 Construction | 6.84 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 2.67 | 2016 |
