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

According to Statistics Finland's preliminary data, the volume ¹⁾ of Finland’s gross domestic product increased in October to December by 0.1 per cent from the previous quarter. Compared with the fourth quarter of 2014, GDP adjusted for working days grew by 0.6 per cent.

The volume of GDP grew by 0.4 per cent in 2015 year-on-year.

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

According to revised data, the volume of GDP in the third quarter of 2015 contracted by 0.2 per cent from the previous quarter (was -0.5%) and but grew by 0.3 per cent from twelve months back (was -0.2%).

The volume of exports grew by 0.6 per cent and that of imports by 1.6 per cent in October to December from the previous quarter. Gross fixed capital formation, or investments, increased by 1.7 per cent from the third quarter.

The volume of private consumption grew by 0.2 per cent and the volume of public consumption expenditure by 0.4 per cent from the previous quarter. Calculated at current prices, private consumption expenditure increased by 0.6 per cent and public consumption expenditure by 0.4 per cent from the third quarter.

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, 4th quarter. Statistics Finland

Inquiries: Samu Hakala 029 551 3756, Olli Savela 029 551 3316, kansantalous.suhdanteet@stat.fi

Director in charge: Ville Vertanen

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Gross domestic product grew by 0.4 per cent in 2015 (29.2.2016)

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Revisions on these statistics (29.2.2016)

Updated 29.2.2016

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly national accounts [e-publication].
ISSN=1797-9765. 4th quarter 2015. Helsinki: Statistics Finland [referred: 23.11.2024].
Access method: http://www.stat.fi/til/ntp/2015/04/ntp_2015_04_2016-02-29_tie_001_en.html