Home > Statistics > Quarterly national accounts > 2013 > 4th quarter > Gross domestic product contracted by 0.3 per cent from the previous quarter and by 0.6 per cent year-on-year

Published: 3 March 2014

Gross domestic product contracted by 0.3 per cent from the previous quarter and by 0.6 per cent year-on-year

According to Statistics Finland's preliminary data, the volume of Finland’s gross domestic product decreased in October to December by 0.3 per cent from the previous quarter. Compared with the fourth quarter of 2012, GDP adjusted for working days contracted by 0.6 per cent. In the whole of 2013, gross domestic product decreased by 1.4 per cent.

Volume change of GDP from the previous quarter, seasonally adjusted, per cent

The change of GDP in the third quarter of 2013 remained at the level of the previous quarter, but became revised to -0.8 per cent from one year before (was -1.0%).

In the fourth quarter, the volume of exports contracted by 0.6 per cent from the previous quarter but grew by 1.9 per cent from twelve months back. Imports decreased by one per cent from the previous quarter but increased by 1.6 per cent year-on-year.

In the fourth quarter, the volume of private consumption diminished by 0.7 per cent from the previous quarter and by 1.8 per cent from twelve months back. Gross fixed capital formation diminished by 3.2 per cent from the previous quarter and by 8.9 per cent year-on-year.

Volume refers to data from which the effects of price changes have been eliminated. Volumes at reference year 2000 prices are expressed relative to the 2000 level at current prices (in EUR). Change percentages from the quarter of the previous year have been calculated from time series adjusted for working days, and change percentages from the previous quarter from seasonally adjusted time series.

Source: National Accounts 2013, 4th quarter. Statistics Finland

Inquiries: Samu Hakala 09 1734 3756, Pasi Koikkalainen 09 1734 3332, kansantalous.suhdanteet@stat.fi

Director in charge: Leena Storgårds

Publication in pdf-format (358.5 kB)

Reviews

• 1. Gross domestic product fell by 1.4 per cent in 2013 (3.3.2014)

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

Revisions in these statistics

• Revisions on these statistics (3.3.2014)

---

Updated 3.3.2014