Finnish economic growth was strongest in eurozone in the first quarter of 2012. According to the figures released by Eurostat, Finnish Gross Domestic Product (GDP) grew 1.3 percent on previous quarter. GDP measures the combined value of products and services produced in a country in a specified period of time.
Finnish economic growth was fourth strongest when compared to the same quarter on previous year. Finnish economy grew year-on-year 2.9 percent compared to Latvia’s 5.5 percent, Lithuania’s 4.3 percent and Slovakia’s 3.2 percent.
In the whole eurozone, the GDP was flat (zero percent growth) which means that the eurozone narrowly averted going into recession. In the last quarter of last year Eurozone GDP shrank by 0.3 percent.