Gross domestic product remained on level with the previous quarter

According to preliminary data of Statistics Finland, in the July to September period of 2013 the volume of Finland’s gross domestic product remained on level with the previous quarter. Compared with the third quarter of 2012, GDP adjusted for working days contracted by 1.0 per cent.

Gross domestic product by quarter at reference year 2000 prices (EUR billion)

Revisions put the change in the volume of GDP in the second quarter of 2013 at 0.1 per cent from the previous quarter (was 0.2%) and at -1.3 per cent from twelve months back (was -1.2%).

In the third quarter, the volume of exports grew by 1.5 per cent from the previous quarter and by 0.4 per cent year-on-year. Imports increased by 5.1 per cent from the previous quarter and by 2.0 per cent year-on-year.

In the third quarter, the volume of private consumption went up by 0.1 per cent from the previous quarter but contracted by 0.7 per cent from twelve months back. Gross fixed capital formation diminished by 2.7 per cent from the previous quarter and by 5.7 per cent year-on-year.

Volume refers to data from which the effects of price changes have been eliminated. Volumes at reference year 2000 prices are expressed relative to the 2000 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 2013, 3rd quarter. Statistics Finland

Inquiries: Samu Hakala 09 1734 3756, Pasi Koikkalainen 09 1734 3332, kansantalous.suhdanteet@stat.fi

Director in charge: Leena Storgårds

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Revisions on these statistics (5.12.2013)

Updated 5.12.2013

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly national accounts [e-publication].
ISSN=1797-9765. 3rd quarter 2013. Helsinki: Statistics Finland [referred: 23.11.2024].
Access method: http://www.stat.fi/til/ntp/2013/03/ntp_2013_03_2013-12-05_tie_001_en.html