Gross domestic product grew by 0.2 per cent from the previous quarter

According to Statistics Finland's preliminary data, the volume ¹⁾ 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 2014, GDP adjusted for working days grew by 0.1 per cent.

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 2015 at 0.0 per cent from the previous quarter (was -0.1%) and at -0.1 per cent from twelve months back (was 0.0%).

In the second quarter, the volume of exports increased by 0.5 per cent from the previous quarter but contracted by 1.2 per cent from twelve months back. Imports decreased by 5.0 per cent from the previous quarter and by 8.8 per cent year-on-year.

In the second quarter, the volume of private consumption contracted by 0.2 per cent from the previous quarter but grew by 0.8 per cent from twelve months back. Gross fixed capital formation, or investments, fell by 2.6 per cent year-on-year.

1) Volume refers to data from which the effects of price changes have been eliminated. Volumes at reference year 2010 prices are expressed relative to the 2010 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 2015, 2nd quarter. Statistics Finland

Inquiries: Samu Hakala 029 551 3756, Veli-Pekka Karvinen 029 551 2667, kansantalous.suhdanteet@stat.fi

Director in charge: Ville Vertanen

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Finland's national economy grew marginally in April to June (4.9.2015)

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Revisions in these statistics

Revisions on these statistics (4.9.2015)

Updated 4.9.2015

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly national accounts [e-publication].
ISSN=1797-9765. 2nd quarter 2015. Helsinki: Statistics Finland [referred: 16.11.2024].
Access method: http://www.stat.fi/til/ntp/2015/02/ntp_2015_02_2015-09-04_tie_001_en.html