Finland revised its GDP decline figures for 2014 and 2013, Statistics Finland reported Friday.

The decline in GDP for 2014 was revised to 0.7 percent from an earlier estimate of 0.4 percent.

GDP decreased 0.8 percent in 2013, according to revised data, while it was estimated at 1.1 percent earlier.

The Finnish economy contracted for a third consecutive year in 2014, thus remaining in recession.

Statistics Finland is set to released the GDP data for 2015 and fourth quarter of that year on February 29.

The material has been provided by InstaForex Company – www.instaforex.com