Gross domestic product grew by 0.6 per cent in April to June

Release related to topics:National economy

release 31/08/2023 | Quarterly national accounts 2023, 2nd quarter

Correction

Database tables of the statistics on income and production by industry and employment and hours worked quarterly have been corrected.

Key selections

In April to June 2023, the volume of exports decreased by 0.2 per cent from the previous quarter. The volume of imports declined by 1.2 per cent.
Private consumption grew by 0.1 per cent in April to June 2023 from the level in January to March.
Government consumption expenditure increased by 1.6 per cent in the second quarter of 2023 from the level in January to March.
Gross fixed capital formation, or investments, contracted in April to June 2023 by 0.7 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.

31/08/2023

Revision of volume changes in GDP

	2022Q2	2022Q3	2022Q4	2023Q1
Seasonally adjusted quarter-on-quarter change, %	1. release	0.9	-0.3	-0.6	0.2
Previous release	0.6	-0.4	-0.6	0.2
Latest release	0.7	-0.5	-0.6	0.3
Revision, %-points (latest minus first)	-0.2	-0.2	0	0.1
Working day adjusted year-on-year change, %	1. release	3	1	0	-0.4
Previous release	3.2	1.6	0.1	-0.4
Latest release	2.6	1.2	-0.4	0
Revision, %-points (latest minus first)	-0.4	0.2	-0.4	0.4

31/08/2023

Revision of volume changes in imports

	2022Q2	2022Q3	2022Q4	2023Q1
Seasonally adjusted quarter-on-quarter change, %	1. release	2.3	-0.8	-2.4	-2.7
Previous release	2.9	-1.5	-2.3	-2.7
Latest release	3.6	-1.7	-2	-3
Revision, %-points (latest minus first)	1.3	-0.9	0.4	-0.3
Working day adjusted year-on-year change, %	1. release	11.5	7.9	-1.9	-3.7
Previous release	13.5	7.8	-1.6	-3.7
Latest release	13.9	8.4	-0.3	-3
Revision, %-points (latest minus first)	2.4	0.5	1.6	0.7

31/08/2023

Revision of volume changes in exports

	2022Q2	2022Q3	2022Q4	2023Q1
Seasonally adjusted quarter-on-quarter change, %	1. release	0.2	1.9	-2.9	-0.1
Previous release	1.7	1.1	-2.2	-0.1
Latest release	3	1	-1.9	-0.2
Revision, %-points (latest minus first)	2.8	-0.9	1	-0.1
Working day adjusted year-on-year change, %	1. release	1.7	1.5	-4.8	0.8
Previous release	5.1	2.2	-4	0.8
Latest release	7	4.1	-1.8	2.6
Revision, %-points (latest minus first)	5.3	2.6	3	1.8

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, 2nd quarter. ISSN=1797-9765. Helsinki: Statistics Finland [Referenced: 22.11.2024].

Access method:

Statistical experts

Inquiries primarily

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Samu Hakala

Senior Statistician

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Other experts

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029 551 2723

Head of Department in charge

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Head of Department in charge

029 551 3488