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Published: 13 July 2006

Gross domestic product grew by 2.9 per cent last year

According to Statistics Finland's revised preliminary data, the volume of Finland's GDP grew by 2.9 per cent last year. The initial preliminary data published in March put the rate of growth at 2.1 per cent. An industrial dispute in the paper industry lowered the domestic product by approximately one per cent last year. Last year's GDP was EUR 157 billion.

National Accounts for 2005 have now been compiled for the first time on the same basis as the revised National Accounts time series for 1975-2004 that were published in March 2006. Apart from new data sources, the new methodology may also have been the reason why the growth figure for last year now deviates from the initial estimate.

Gross domestic product annual volume change, per cent

Source: National accounts 2005. Statistics Finland

Inquiries: Mr. Olli Savela (09) 1734 3316, Mrs. Aila Heinonen (09) 1734 3338, skt.95@stat.fi

Director in charge: Mr Ari Tyrkkö

Reviews

• Gross domestic product grew by 2.9 per cent last year (13.7.2006)

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Appendix tables

• Gross domestic product (GDP) at market prices 1975-2005 (13.7.2006)
• National balance of supply and demand 2004* - 2005* (13.7.2006)
• National income 2004* - 2005* (13.7.2006)
• Net lending 2004* - 2005* (13.7.2006)

Methodological descriptions

• Methodological description of Finland's gross national income (6/03) (13.7.2006)

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Last updated 13.7.2006