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Published: 29 February 2008

Gross domestic product grew by 4.4 per cent last year

According to Statistics Finland's preliminary data, the volume of Finland's GDP grew by 4.4 per cent in 2007. Last year GDP stood at EUR 179 billion.

In 2007 demand in the national economy was boosted by exports, consumption and investments. The volume of exports went up by 4.8 per cent. The volume of consumption expenditure grew by 2.8 per cent and that of investments by 7.6 per cent. The volume of imports went up by 4.1 per cent.

Non-financial corporations' profits were higher in 2007 than ever before. However, non-financial corporations' financial surplus contracted slightly as investments especially in new office premises increased. In 2007, general government surplus exceeded EUR 9 billion, which is more than ever before. Households' real income grew by 2.4 per cent, while indebtedness exceeded annual disposable income for the first time and the financial deficit grew to EUR 8 billion.

Annual change in the volume of gross domestic product, per cent

Source: National accounts. Preliminary annual data and 4th quarter of 2007 Statistics Finland

Inquiries: Mr Olli Savela +358 9 1734 3316, Ms Aila Heinonen +358 9 1734 3338, skt.95@stat.fi

Director in charge: Mr Ari Tyrkkö

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Appendix tables

• Gross domestic product (GDP) at market prices 1975 - 2007* (29.2.2008)
• National balance of supply and demand 2006* - 2007* (29.2.2008)
• National income 2006* - 2007* (29.2.2008)
• Net lending 2006* - 2007* (29.2.2008)

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Last updated 29.2.2008