Home > Statistics > Quarterly national accounts > 2005 > 1st quarter > GDP grew by 0.1 per cent in the first quarter of 2005

Published: 9 June 2005

GDP grew by 0.1 per cent in the first quarter of 2005

In the first quarter of 2005, the volume of Finland's gross domestic product grew by 0.1 per cent from the previous quarter. Compared to the first quarter of 2004, GDP was up by 1.1 per cent. There were two working days less than one year previously. Adjusted seasonally as well as for working days, the change in GDP from twelve months before was 2.0 per cent. This is indicated by the preliminary National Accounts data compiled by Statistics Finland.

Growth of the national economy was supported by exports, household consumption and growth in inventories. In the first quarter of 2005, households' consumption expenditure increased by approximately 1.5 per cent from twelve months back. Purchases of domestic appliances and furniture continued plentiful whereas fewer new cars were purchased than twelve months earlier. Fixed investments decreased by four per cent. Investments in machinery and equipment contracted by 14 per cent. Imports were up by five per cent year-on-year. The volume of exports went up by nearly six per cent.

GDP by quarter at 2000 prices

Source: National Accounts 2005, 1st quarter. Statistics Finland

Inquiries: Mr Tuomas Rothovius +358 9 1734 3360, kansantalous.suhdanteet@stat.fi

Reviews

• Growth of GDP slowed down in the first quarter of the year (9.6.2005)

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• National balance of supply and demand 2005, 1st quarter (Excel) (9.6.2005)

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Last updated 9.6.2005