A more recent publication of this set of statistics is available.
Latest publication: Building cost index 2022, February
Published: 16 March 2021
Building costs rose by 1.1 per cent in February year-on-year
According to Statistics Finland, building costs rose by 1.1 per cent in February 2021 from one year back. Labour costs went up by 1.2 per cent and the costs of materials by 1.3 per cent. Employer's social insurance contributions applied for 2021 are used in the calculation of the index, which explains the growth in labour costs. The prices of services fell by 0.3 per cent from one year ago.
Long term development of the Building Cost Index

From January to February, the total index of building costs rose by 0.2 per cent. Labour costs went up by 0.3 per cent and the prices of materials went rose by 0.2 per cent. The prices of services remained in February on level with January.
Building cost index 2015=100, February 2021
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 105.3 | 0.2 | 1.1 | |
By type of cost | Labour inputs | 400 | 105.4 | 0.3 | 1.2 |
Materials | 510 | 105.6 | 0.2 | 1.3 | |
Services | 90 | 103.6 | 0.0 | -0.3 | |
By purpose of use | Residential building | 440 | 105.3 | 0.1 | 1.1 |
Other building construction | 560 | 105.3 | 0.3 | 1.2 |
Source: Building cost index, Statistics Finland
Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, info@stat.fi
Head of Department in charge: Hannele Orjala
Publication in pdf-format (295.9 kB)
- Tables
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Tables in databases
- Database tables and their variables - Monthly data
- Database tables and their variables - Annual data
- Database tables and link to archive base
Appendix tables
- Figures
Updated 16.03.2021
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. February 2021. Helsinki: Statistics Finland [referred: 26.5.2022].
Access method: http://www.stat.fi/til/rki/2021/02/rki_2021_02_2021-03-16_tie_001_en.html