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Gross domestic product grew by 0.2 per cent in January to March

Release related to topics:National economy
release | Quarterly national accounts 2022, 1st quarter

Correction

The error in the data on public consumption expenditure was corrected.
Read more about the correction

According to Statistics Finland's data, the volume of Finland’s gross domestic product grew in January to March 2022 by 0.2 per cent from the previous quarter. Compared with the first quarter of 2021, GDP adjusted for working days grew by 3.6 per cent. Gross domestic product has been growing since the second quarter of 2021, but the growth rate appears to have waned.

Key selections

  • In January to March, the volume of exports contracted by 9.8 per cent and the volume of imports by 2.0 per cent from the level in October to December. The rise in prices increased the current priced value of international trade clearly compared with one year ago.
  • Gross fixed capital formation, or investments, increased by 3.6 per cent from the previous quarter. Public investments in particular grew strongly.
  • Building investments increased but investments in machinery and equipment decreased.
  • Private consumption declined by 0.2 per cent from the level in October to December. Government consumption expenditure increased by 0.4 per cent.

Data revisions

See key statistical data in the tables.

Revision of volume changes in GDP

Revision of volume changes in import

Revision of volume changes in export

Database tables

Pick the data you need into tables, view the data as graphs, or download the data for your use.

Updated database tables
11tj
Classifications used:
  • Transaction
  • Industry
Reference period cycle:
quarter
Updating frequency:
eight times a year
Statistics:
Updated:
132g
Classifications used:
  • Transaction
  • Industry
Reference period cycle:
quarter
Updating frequency:
eight times a year
Statistics:
Updated:
132h
Classifications used:
  • Transaction
Reference period cycle:
quarter
Updating frequency:
eight times a year
Statistics:
Updated:

Future releases

Documentation

Description of the production, used methods and quality of the statistics.

Go to documentation of the statistics

Referencing instructions

Official Statistics of Finland (OSF): Quarterly national accounts [online publication].
Reference period: 2022, 1st quarter. ISSN=1797-9765. Helsinki: Statistics Finland [Referenced: 15.11.2024].
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Statistical experts

Inquiries primarily

Service email
kansantalous.suhdanteet@stat.fi
Samu Hakala
Senior Statistician
029 551 3756

Other experts

Eljas Tuomaala
Senior Statistician
029 551 2723

Head of Department in charge

Katri Kaaja
Head of Department in charge
029 551 3488