Home > Statistics > Quarterly national accounts > 2005 > 4th quarter > Gross domestic product grew by 0.9 per cent in the fourth quarter of 2005

Published: 1 March 2006

Gross domestic product grew by 0.9 per cent in the fourth quarter of 2005

The volume of GDP increased by 0.9 per cent in the fourth quarter of 2005 from the previous quarter. Compared with the corresponding quarter of 2004, GDP was up by 2.3 per cent, and adjusted seasonally, the corresponding change in GDP from twelve months before was 2.9 per cent. In the whole year GDP was 2.1 per cent higher than one year previously. This appears from the preliminary National Accounts data compiled by Statistics Finland.

The demand of the national economy was increased by households' consumption and investments. In the October to December period, households' consumption expenditure rose by 3 per cent from one year back. Purchases of furniture and especially of household appliances and electronics were plentiful. Fixed investments increased by 2 per cent. Construction investments grew by 7 per cent, while investments in machinery and equipment contracted by 10 per cent. Imports increased by 9 per cent from the year before and the volume of exports grew by nearly 5 per cent.

Gross domestic product by quarter at 2000 prices

On 31 March 2006, Statistics Finland will publish revised annual national accounts time series for the 1975 to 2004 period. The respective revised time series for quarterly national accounts will be published in April 2006. Once this has been done, the data published here for 2005 will no longer be fully comparable with those on earlier years.

The data for 2005 (national balance of supply and demand items) will be next revised on 9 June 2006 at the same time as preliminary data are published for the first quarter of 2006. Sector accounts for 2005 will be next revised on 13 July 2006. After these revisions, the data on 2005 will again be fully comparable with those on earlier years.

Source: National Accounts 2005, 4th quarter. Statistics Finland

Inquiries: Mr Erkki Lääkäri +358 9 1734 3355, kansantalous.suhdanteet@stat.fi

Director in charge: Mr Ari Tyrkkö

Links: Press release related to this statistical release.

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• Gross domestic product grew in the fourth quarter of last year (1.3.2006)

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• National balance of supply and demand 2005, 4th quarter (Excel) (1.3.2005)

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Last updated 1.3.2006