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

Release related to topics:National economy

release 31/05/2023 | Quarterly national accounts 2023, 1st quarter

Correction

Gross domestic product adjusted for working day has been corrected.

Correction

Time series of employment (EEM) have been corrected.

Key selections

In January to March 2023, the volume of exports decreased by 0.1 per cent from the previous quarter. The volume of imports declined by 2.7 per cent.
Private consumption grew by 0.1 per cent in January to March 2023 from the level in October to December.
Government consumption expenditure increased by 3.1 per cent in the first quarter of 2023
from the level in October to December.
Gross fixed capital formation, or investments, contracted in January to March 2023 by
3.0 per cent from the previous quarter. Both private and public investments decreased.

Statistics used in the release

Quarterly national accounts

Data revisions

See key statistical data in the tables.

31/05/2023

Revision of volume changes in exports

	2022Q1	2022Q2	2022Q3	2022Q4
Seasonally adjusted quarter-on-quarter change, %	1. release	-9.8	0.2	1.9	-2.9
Previous release	-4.1	1.8	1.1	-2.9
Latest release	-3.9	1.7	1.1	-2.2
Revision, %-points (latest minus first)	5.9	1.5	-0.8	0.7
Working day adjusted year-on-year change, %	1. release	3.4	1.7	1.5	-4.8
Previous release	4.8	5.2	2.3	-4.8
Latest release	4.8	5.1	2.2	-4
Revision, %-points (latest minus first)	1.4	3.4	0.7	0.8

31/05/2023

Revision of volume changes in imports

	2022Q1	2022Q2	2022Q3	2022Q4
Seasonally adjusted quarter-on-quarter change, %	1. release	-2	2.3	-0.8	-2.4
Previous release	-1.5	3.3	-1.3	-2.4
Latest release	-0.8	2.9	-1.5	-2.3
Revision, %-points (latest minus first)	1.2	0.6	-0.7	0.1
Working day adjusted year-on-year change, %	1. release	8.4	11.5	7.9	-1.9
Previous release	12.1	13.5	7.8	-1.9
Latest release	12.1	13.5	7.8	-1.6
Revision, %-points (latest minus first)	3.7	2	-0.1	0.3

31/05/2023

Revision of volume changes in GDP

	2022Q1	2022Q2	2022Q3	2022Q4
Seasonally adjusted quarter-on-quarter change, %	1. release	0.2	0.9	-0.3	-0.6
Previous release	0.2	0.6	-0.1	-0.6
Latest release	0.5	0.6	-0.4	-0.6
Revision, %-points (latest minus first)	0.3	-0.3	-0.1	0
Working day adjusted year-on-year change, %	1. release	3.6	3	1	0
Previous release	3.7	2.8	1.6	0
Latest release	3.9	3.2	1.6	0.1
Revision, %-points (latest minus first)	0.3	0.2	0.6	0.1

Database tables

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Updated database tables

11tj

Employment and hours worked quarterly(External link)

Classifications used:

Transaction
Industry

Reference period cycle:

quarter

Updating frequency:

eight times a year

Statistics:

Quarterly national accounts

Updated:

18/09/2024

132g

Income and production by industry, quarterly(External link)

Classifications used:

Transaction
Industry

Reference period cycle:

quarter

Updating frequency:

eight times a year

Statistics:

Quarterly national accounts

Updated:

18/09/2024

132h

Gross domestic product and national income, supply and demand, quarterly(External link)

Classifications used:

Transaction

Reference period cycle:

quarter

Updating frequency:

eight times a year

Statistics:

Quarterly national accounts

Updated:

18/09/2024

Future releases

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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: 2023, 1st quarter. ISSN=1797-9765. Helsinki: Statistics Finland [Referenced: 16.11.2024].

Access method:

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