Home > Statistics > Quarterly national accounts > 2016 > 4th quarter > Gross domestic product remained on level with the previous quarter in October to December, growing by 1,6 per cent in the whole of 2016

Published: 1 March 2017

Gross domestic product remained on level with the previous quarter in October to December, growing by 1,6 per cent in the whole of 2016

According to Statistics Finland's preliminary data, the volume ¹⁾ of Finland’s gross domestic product increased in October to December by 0.0 per cent from the previous qarter. Compared with the fourth guarter of 2015, GDP adjusted for working days grew by 1.3 per cent. The volume of GDF grew by 1.6 per cent in the whole of 2016 from the year before.

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

According to revised data, GDP grew in the third quarter of 2016 by 0.6 per cent from the previous quarter (was 0.4%) and by 1.9 per cent from twelve months back (was 1.6%).

The volume of exports grew by 0.6 per cent and that of imports by 1.9 per cent in October to December from the previous quarter. Gross fixed capital formation, or investments, increased by 3.0 per cent from the previous quarter.

The volume of private consumption increased by 0.1 per cent and the volume of public consumption expenditure declined by 0.6 per cent from the previous quarter. Calculated at current prices, private consumption expenditure increased by 0.8 per cent and public consumption expenditure diminished by 0.7 per cent from the previous quarter.

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 2016, 4th 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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• Gross domestic product grew by 1.6 per cent in 2016 (1.3.2017)

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Updated 1.3.2017