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Published: 30 August 2019

Gross domestic product grew by 0.5 per cent from the previous quarter

According to Statistics Finland's preliminary data, the volume 1) of Finland’s gross domestic product increased in April to June by 0.5 per cent from the previous quarter. Compared with the second quarter of 2018, GDP adjusted for working days grew by 1.2 per cent.

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

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

Revisions put the change in the volume of GDP in the first quarter of 2019 at 0.5 per cent from the previous quarter (was 0.2%) and at 0.9 per cent from twelve months back (was 1.2%).

In the second quarter of 2019, the volume of exports decreased by 0.5 per cent from the previous quarter but increased by 4.1 per cent year-on-year. Imports increased by 2.8 per cent from the previous quarter and by 2.8 per cent year-on-year.

In the second quarter, the volume of private consumption grew by 0.9 per cent from the previous quarter and by 0.3 per cent from twelve months back. Gross fixed capital formation, or investments, grew by 0.5 per cent from the previous quarter and by 1.1 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 2019, 2:nd 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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Revisions in these statistics

Updated 30.8.2019

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly national accounts [e-publication].
ISSN=1797-9765. 2nd quarter 2019. Helsinki: Statistics Finland [referred: 23.11.2024].
Access method: http://www.stat.fi/til/ntp/2019/02/ntp_2019_02_2019-08-30_tie_001_en.html