Home > Statistics > Quarterly national accounts > 2014 > 1st quarter > Gross domestic product fell by 0.4 per cent

Published: 5 June 2014

Gross domestic product fell by 0.4 per cent

According to Statistics Finland's preliminary data, the volume of Finland’s gross domestic product decreased in January to March by 0.4 per cent from the previous quarter. Compared with the first quarter of 2013, GDP adjusted for working days contracted by 0.6 per cent.

Gross domestic product by quarter at reference year 2000 prices (EUR billion)

Revisions put the change in the volume of GDP in the fourth quarter of 2013 at -0.2 per cent from the previous quarter (was -0.3%) and at -0.2 per cent from twelve months back (was -0.6%).

In the first quarter, the volume of exports declined by 1.9 per cent from the previous quarter and by 3 per cent year-on-year. Imports decreased by 2.9 per cent from the previous quarter and by 0.8 per cent year-on-year.

In the first quarter, the volume of private consumption grew by 1.1 per cent from the previous quarter and by 0.5 per cent from twelve months back. Gross fixed capital formation diminished by 0.3 per cent from the previous quarter and by 5 per cent year-on-year.

A correction that applies to insurance services has been made in imports and exports of services, this lowers the levels of imports and exports slightly starting from 2013. The data on value added for financial and insurance activities (K) for the first quarter of 2014 may become more revised than normal in the next release due to a delay in source data caused by the FINREP renewal.

Source: National Accounts 2014, 1st quarter. Statistics Finland

Inquiries: Pasi Koikkalainen 09 1734 3332 (9.6.2014 => 029 551 3332), Samu Hakala 09 1734 3756 (9.6.2014 => 029 551 3756), kansantalous.suhdanteet@stat.fi

Director in charge: Leena Storgårds

Publication in pdf-format (310.1 kB)

Reviews

• 1. Finlands gross domestic product continues declining, industrial output made a downturn again (5.6.2014)

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 (5.6.2014)

---

Updated 5.6.2014