Finland's economic growth in the first quarter was more than twice as high as the OECD average – but so was its unemployment rate.Image: Tuija Veirto / YleYle News11:45Finland had the second-strongest economic growth among the 38 OECD countries in the first quarter of this year. That’s according to the latest figures from the Organisation for Economic Co-operation and Development (OECD).Finland's gross domestic product (GDP) grew by 0.9 percent in January-to-March period. That was more than twice as strong as the OECD average growth of 0.4 percent.Only South Korea performed better in Q1, with its economy expanding by 1.7 percent.Although Finland showed relatively strong economic growth, it also had the worst unemployment rate among the OECD states, standing at 10.5 percent in March.Spain had the second highest jobless rate at 10.3 percent in March. Both were well over the average OECD unemployment rate of five percent.On Thursday, Statistics Finland reported that job vacancies continued to decline in the first quarter, extending a downward trend that has persisted since 2022.
Finland boasts OECD’s second-fastest growth this year
Finland's economic growth in the first quarter was more than twice as high as the OECD average – but so was its unemployment rate.
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