Gross domestic product grew by 1.2 per cent from the previous quarter

According to Statistics Finland’s preliminary data, the volume ¹⁾ of Finland’s gross domestic product increased in January to March by 1.2 per cent from the previous quarter. Compared with the first quarter of 2017, GDP adjusted for working days grew by 3.1 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 last quarter of 2017 at 0.9 per cent from the previous quarter (was 0.6%) and at 2.6 per cent from twelve months back (was 2.3%).

In the first quarter of 2018, the volume of exports decreased by one per cent from the previous quarter but remained on level with the year before. Imports grew by three per cent year-on-year.

In the first quarter, the volume of household consumption grew by one per cent from the previous quarter and by nearly three per cent from twelve months back. Gross fixed capital formation, or investments, grew by four per cent from the previous quarter and by eight 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 2018, 1st quarter. Statistics Finland

Inquiries: Samu Hakala 029 551 3756, Ida Peltonen 029 551 3334, kansantalous.suhdanteet@stat.fi

Director in charge: Ville Vertanen

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Finlands national economy continued growing in January to March (31.5.2018)

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Revisions in these statistics

Revisions on these statistics (31.5.2018)

Updated 31.5.2018

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly national accounts [e-publication].
ISSN=1797-9765. 1st quarter 2018. Helsinki: Statistics Finland [referred: 17.11.2024].
Access method: http://www.stat.fi/til/ntp/2018/01/ntp_2018_01_2018-05-31_tie_001_en.html