Gross domestic product grew by 0.4 per cent from the previous quarter

According to Statistics Finland's preliminary data, the volume ¹⁾ of Finland’s gross domestic product increased in July to September by 0.4 per cent from the previous quarter. Compared with the third quarter of 2017, GDP adjusted for working days grew by 2.4 per cent.

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

Revisions put the change in the volume of GDP in the second quarter of 2018 at 0.3 per cent from the previous quarter (was 0.3%) and at 2.3 per cent from twelve months back (was 2.5%).

In the third quarter of 2018, the volume of exports contracted by 1.8 per cent from the previous quarter and by 1.3 per cent year-on-year. Imports increased by 0.5 per cent from the previous quarter and by 2.2 per cent year-on-year.

In the third quarter, the volume of private consumption contracted by 0.5 per cent from the previous quarter but grew by 0.4 per cent from twelve months back. Gross fixed capital formation, or investments, fell by 1.4 per cent from the previous quarter and by 1.0 per cent year-on-year.

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 2018, 3:rd quarter. Statistics Finland

Inquiries: Samu Hakala 029 551 3756, Antti Kosunen 029 551 3613, kansantalous.suhdanteet@stat.fi

Director in charge: Ville Vertanen

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Output of Finlands national economy grew in July to September, but demand shows signs of petering out (30.11.2018)

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Revisions in these statistics

Revisions on these statistics (30.11.2018)

Updated 30.11.2018

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly national accounts [e-publication].
ISSN=1797-9765. 3rd quarter 2018. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ntp/2018/03/ntp_2018_03_2018-11-30_tie_001_en.html