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Published: 5 September 2014

Gross domestic product grew by 0.2 per cent

According to Statistics Finland's preliminary data, the volume of Finland’s gross domestic product increased in April to June by 0.2 per cent from the previous quarter. Compared with the second quarter of 2013, GDP adjusted for working days contracted by 0.1 per cent. The second quarter had one fewer working day than one year previously.

Gross domestic product by quarter at reference year 2010 prices (EUR billion)

Revisions put the change in the volume of GDP in the first quarter of 2014 at -0.3 per cent from the previous quarter (was -0.4 per cent) and it remained unchanged at -0.3 per cent from twelve months back.

In the second quarter, the volume of exports grew by 2.2 per cent from the previous quarter and by 0.9 per cent year-on-year. Imports increased by 2.4 per cent from the previous quarter and by 3 per cent year-on-year.

In the second quarter, the volume of private consumption went down by 0.3 per cent from the previous quarter and by 0.2 per cent from twelve months back. Gross fixed capital formation, or investments, grew by 0.5 per cent from the previous quarter but fell by 3.5 per cent year-on-year.

Source: National Accounts 2014, 2nd quarter. Statistics Finland

Inquiries: Pasi Koikkalainen 029 551 3332, Samu Hakala 029 551 3756, kansantalous.suhdanteet@stat.fi

Director in charge: Leena Storgårds

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Reviews

• 1. Gross domestic product made a slight upturn driven by exports (5.9.2014)

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Updated 5.9.2014