Home > Statistics > Quarterly national accounts > 2018 > 2nd quarter > Gross domestic product grew by 0.3 per cent from the previous quarter

Published: 31 August 2018

Gross domestic product grew by 0.3 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 0.3 per cent from the previous quarter. Compared with the second quarter of 2017, GDP adjusted for working days grew by 2.5 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 2018 at 1.2 per cent from the previous quarter (was 1.2%) and at 2.8 per cent from twelve months back (was 3.1%).

In the second quarter of 2018, the volume of exports has grown by 2.0 per cent from the previous quarter and by 3.7 per cent year-on-year. Imports increased by 1.4 per cent from the previous quarter and by 1.5 per cent year-on-year.

In the second quarter, the volume of private consumption grew by 0.5 per cent from the previous quarter and by 2.5 per cent from twelve months back. Gross fixed capital formation, or investments, grew by 1.9 per cent from the previous quarter and by 4.8 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, 2st quarter. Statistics Finland

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

Director in charge: Ville Vertanen

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• Finlands national economy continued growing in April to June (31.8.2018)

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Updated 31.8.2018