Home > Statistics > Quarterly national accounts > 2005 > 2nd quarter > GDP contracted by 1.6 per cent in the second quarter of 2005

Published: 8 September 2005

GDP contracted by 1.6 per cent in the second quarter of 2005

In the second quarter of 2005, the volume of Finland's gross domestic product reduced by 1.6 per cent from the previous quarter. Compared with the second quarter of 2004, GDP was up by 0.2 per cent. There were two working days more than one year previously. Adjusted seasonally as well as for working days, the change in GDP from twelve months before was -0.3 per cent. Growth of the economy was weakened by the industrial action in the paper industry. This appears from the preliminary National Accounts data compiled by Statistics Finland.

The demand of the national economy was sustained by household consumption and exports. In the April to June period households' consumption expenditure increased by nearly 4 per cent from one year previously. Purchases of domestic appliances and furniture continued plentiful and acquisitions of cars turned to growth. Fixed investments fell by 2 per cent. Investments in machinery and equipment contracted by 8 per cent. Compared with one year before, imports increased by 6 per cent and the volume of exports grew by nearly 8 per cent.

GDP by quarter at 2000 prices

Source: National Accounts 2005, 2nd Quarter. Statistics Finland

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

Reviews

• GDP contracted in the second quarter of the year (8.9.2005)

Tables

Tables in databases

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

• Database tables and their variables
• Archived tables

Appendix tables

• National balance of supply and demand 2005, 2nd quarter (Excel) (8.9.2005)

---

Last updated 8.9.2005