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Published: 30 January 2009

Gross domestic product grew by 4.2 per cent in 2007

According to Statistics Finland’s revised preliminary data, the volume of Finland’s GDP grew by 4.2 per cent in 2007. Previously the growth was estimated to reach 4.5 per cent. Gross domestic product totalled EUR 180 billion.

The slight downward revision of the previously estimated growth rate of gross domestic product in 2007 was mainly caused by updates received to data describing agricultural, municipal and insurance activities. At the same time Statistics Finland was making minor revisions to national accounts data from 1994 onwards.

All demand items in the national economy went up in 2007. The volume of investments grew by 8.7 per cent, the fastest rate in the 2000s. Consumption went up steadily by 2.5 per cent. The volume of exports grew by 8.1 per cent and that of imports by 6.5 per cent.

Gross domestic product grew by 4.2 per cent in 2007

Source: National Accounts 1998-2007. Statistics Finland

Inquiries: Olli Savela (09) 1734 3316, Aila Heinonen (09) 1734 3338

Director in charge: Ari Tyrkkö

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Appendix tables

• Gross domestic product (GDP) at market prices 1975-2007* 1) (30.1.2009)
• National balance of supply and demand 2006*-2007* 1) (30.1.2009)
• National income 2006*-2007* 1) (30.1.2009)
• Net lending 2006*-2007* 1) (30.1.2009)

Methodological descriptions

• National accounts time series have been revised (30.1.2009)

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Updated 30.1.2009