Home > Statistics > Quarterly national accounts > 2009 > 2nd quarter > Gross domestic product fell by 9.4 per cent year-on-year and by 2.6 per cent from the first quarter of the year

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Published: 8 September 2009

Gross domestic product fell by 9.4 per cent year-on-year and by 2.6 per cent from the first quarter of the year

According to preliminary data of Statistics Finland, the volume of Finland’s GDP fell by 2.6 per cent from the previous quarter in the April to June period of 2009. Compared with the second quarter of 2008, GDP adjusted for working days contracted by 9.4 per cent. The second quarter of 2009 had three working days less than the same quarter of the year before.

Revisions kept the change in GDP in the first quarter of 2009 at -7.6 per cent from twelve months back, but put it up to -3.0 per cent from the previous quarter from the -2.7 per cent indicated by the data released in June.

Gross domestic product by quarter at reference year 2000 prices

The volume of exports contracted by 30.2 per cent and that of imports by 27.7 per cent year-on-year. In the second quarter, the volume of private consumption contracted by 3.4 per cent and investments decreased by 11.7 per cent from one year back.

Volume refers to data adjusted for price changes. Volumes at reference year 2000 prices are expressed relative to the 2000 level at current prices (in EUR). Change percentages from the respective quarter of the year before (N/(N-4)) are calculated from time series adjusted for working days and change percentages from the previous quarter (N/(N-1)) from seasonally adjusted time series.

Source: National Accounts 2009, 2nd quarter. Statistics Finland

Inquiries: Pasi Koikkalainen (09) 1734 3332, Samu Hakala (09) 1734 3756

Director in charge: Ari Tyrkkö

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Reviews

Strong decline in gross domestic product continued in the second quarter, growth of public investments and consumption expenditure slowed down contraction of total demand (8.9.2009)

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Appendix tables

Revision of volume changes in GDP (8.9.2009)

Updated 8.9.2009

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly national accounts [e-publication].
ISSN=1797-9765. 2nd quarter 2009. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ntp/2009/02/ntp_2009_02_2009-09-08_tie_001_en.html