Home > Statistics > Quarterly national accounts > 2015 > 1st quarter > Gross domestic product decreased by 0.1 per cent from the previous quarter

Published: 4 June 2015

Gross domestic product decreased by 0.1 per cent from the previous quarter

Corrected on 5 June 2015. The corrected numbers are indicated in red.

According to Statistics Finland's preliminary data, the volume ¹⁾ of Finland’s gross domestic product decreased in January to March by 0.1 per cent from the previous quarter. Compared with the first quarter of 2014, GDP adjusted for working days grew by 0.0 per cent, that is, remained unchanged.

Gross domestic product by quarter at reference year 2010 prices (EUR billion)

Revisions put the change in the volume of GDP in the fourth quarter of 2014 at -0.1 per cent from the previous quarter (was -0.2%) and at 0.0 per cent from twelve months back (was -0.2%).

In the first quarter, the volume of exports declined by 0.9 per cent from the previous quarter. Imports increased by 2.2 per cent from the previous quarter and by 1.3 per cent year-on-year.

In the first quarter, the volume of private consumption grew by 1.0 per cent from the previous quarter and by 1.2 per cent from twelve months back. Gross fixed capital formation, or investments, fell by 0.3 per cent from the previous quarter and by 4.6 per cent year-on-year.

The weaker than usual data basis of Statistics Finland’s statistics on building and dwelling production may also cause revisions to quarterly national accounts' time series of construction investments and public investments, as well as value added of the construction industry.

1) Volume refers to data from which the effects of price changes have been eliminated. Volumes at reference year 2010 prices are expressed relative to the 2010 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 2015, 1st quarter. Statistics Finland

Inquiries: Samu Hakala 029 551 3756, Veli-Pekka Karvinen 029 551 2667, kansantalous.suhdanteet@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (323.2 kB)

Reviews

• Downturn of Finland's national economy continues, industrial output still in decline (4.6.2015)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Revisions in these statistics

• Revisions on these statistics (4.6.2015)

---

Updated 4.6.2015