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Finland GDP grew 1-2 percent from the previous quarter

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Staff Writer | June 1, 2017
According to Statistics Finland's preliminary data, the volume of Finland's gross domestic product increased in January to March by 1.2 percent from the previous quarter.
Finland street
Europe   Compared with the first quarter of 2016
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Compared with the first quarter of 2016, GDP adjusted for working days grew by 2.7 percent.

Revisions put the change in the volume of GDP in the last quarter of 2016 at 0.6 percent from the previous quarter (was 0.0%) and at 1.8 percent from twelve months back (was 1.3%).

In the first quarter of 2017, the volume of exports grew by five percent from the previous quarter and by close on nine percent year-on-year.

Imports decreased by one percent from the previous quarter but increased by nearly four percent from one year ago.

In the first quarter, the volume of private consumption grew by one and a half percent from the previous quarter and by good three percent from twelve months back.

Gross fixed capital formation, or investments, grew by four percent from the previous quarter and by nine percent year-on-year.

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.

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