Gross domestic product grew by 0.7 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 0.7 per cent from the previous quarter. Compared with the third quarter of 2018, GDP adjusted for working days grew by 2.2 per cent.

Gross domestic product by quarter, volume series, reference year 2010 (EUR bn)

Revisions put the change in the volume of GDP in the second quarter of 2019 at 0.8 per cent from the previous quarter (was 0.5%) and at 1.4 per cent from twelve months back (was 1.2%).

In the third quarter of 2019, the volume of exports increased by 0.5 per cent from the previous quarter and by 5.3 per cent year-on-year. Imports increased by 1.2 per cent from the previous quarter and by 4.2 per cent year-on-year.

In the third quarter, the volume of private consumption grew by 1.5 per cent from the previous quarter and by 2.4 per cent from twelve months back. Gross fixed capital formation, or investments, grew by 1.1 per cent from the previous quarter and by 2.6 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, 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 Finland's national economy increased in July to September (29.11.2019)

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Revisions in these statistics

Revisions on these statistics (29.11.2019)

Updated 29.11.2019

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly national accounts [e-publication].
ISSN=1797-9765. 3rd quarter 2019. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ntp/2019/03/ntp_2019_03_2019-11-29_tie_001_en.html