Analyzing the historical data from 2013 to 2023, we observe significant fluctuations in Finland's Mining and Quarrying Gross Value Added. After a decline in the early years, the value began rising steadily from 2016, reaching a peak in 2022. By 2023, the GVA stood at 1,270 Million Euros, reflecting a modest year-on-year growth of 1.2%. Over the past two years, the sector showed a positive but decelerating growth pattern, with the recent five-year average annual growth rate (CAGR) standing at 5.05%.

Future trends to watch for:

Moderate growth: Forecasts indicate a slower annual growth rate of 1.04% from 2024 to 2028.
Sustainability initiatives: Increasing focus on sustainable mining practices may impact production costs and investment.
Technological advancements: Adoption of mining automation and digital tools may boost efficiency.
Global demand shifts: Changes in global demand for minerals could significantly affect Finland's mining output.