Gross domestic product grew by 0,4 per cent from the previous quarter

According to Statistics Finland's preliminary data, the volume of Finland’s gross domestic product increased ¹⁾ in April to June by 0.4 per cent from the previous quarter. Compared with the second quarter of 2016, GDP adjusted for working days grew by 3.0 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 2017 at 1.2 per cent from the previous quarter (was 1.2%) and at 3.0 per cent from twelve months back (was 2.7%).

In the second quarter of 2017, the volume of exports remained on the same level as in January to March but increased by eight per cent from one year ago. Imports increased by three per cent from the previous quarter and by four per cent year-on-year.

Gross fixed capital formation, or investments, grew by three per cent in April to June from the previous quarter and by 11 per cent year-on-year. The volume of private consumption grew by one per cent from the previous quarter and by three per cent from twelve months back.

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 2017, 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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Output of Finlands national economy continued growing in April to June (1.9.2017)

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Revisions in these statistics

Revisions on these statistics (1.9.2017)

Updated 1.9.2017

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly national accounts [e-publication].
ISSN=1797-9765. 2nd quarter 2017. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ntp/2017/02/ntp_2017_02_2017-09-01_tie_001_en.html