Gross domestic product grew by 0.3 per cent in April to June 2024

Release related to topics:National economy
release | Quarterly national accounts 2024, 2nd quarter

Correction

Database tables of the statistics on quarterly national accounts corrected.
Read more about the correction

According to Statistics Finland, the volume of Finland’s gross domestic product grew in April to June 2024 by 0.3 per cent from the level of the previous quarter. Adjusted for working days, GDP was 1.2 per cent lower than one year previously. According to preliminary data compiled by Eurostat, GDP in the EU area grew by 0.3 per cent in April to June 2024 from the previous quarter.

Key selections

  • In April to June 2024, the volume of exports increased by 8.1 per cent from the level of the previous quarter. The volume of imports went up by 1.1 per cent.
  • Private consumption declined by 1.1 per cent in April to June 2024 from the level in January to March.
  • Government consumption expenditure increased by 1.2 per cent in the second quarter of 2024 from the level in January to March.
  • Gross fixed capital formation, or investments, contracted in the second quarter of 2024 by 2.1 per cent from the previous quarter. Private investments contracted but public sector investments increased.

Data revisions

See key statistical data in the tables.

Revision of volume changes in GDP

Revision of volume changes in imports

Revision of volume changes in exports

Database tables

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Updated database tables
Classifications used:
  • Transaction
  • Industry
Reference period cycle:
quarter
Updating frequency:
eight times a year
Updated:
Classifications used:
  • Transaction
  • Industry
Reference period cycle:
quarter
Updating frequency:
eight times a year
Updated:
Classifications used:
  • Transaction
Reference period cycle:
quarter
Updating frequency:
eight times a year
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: 2024, 2nd quarter. ISSN=1797-9765. Helsinki: Statistics Finland [Referenced: 5.11.2024].
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Statistical experts

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Samu Hakala
Senior Statistician
029 551 3756

Other experts

Eljas Tuomaala
Senior Statistician
029 551 2723

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Katri Kaaja
Head of Department in charge
029 551 3488