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Published: 2 March 2015

Gross domestic product fell by 0.2 per cent in the last quarter

According to Statistics Finland's preliminary data, the volume of Finland’s gross domestic product decreased in October to December by 0.2 per cent from the previous quarter. Compared with the fourth quarter of 2013, GDP adjusted for working days also contracted by 0.2 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)

In the whole of 2014, gross domestic product decreased by 0.1 per cent.

Revisions put the change in the volume of GDP in the third quarter of 2014 at 0.1 per cent from the previous quarter (was 0.2%) and at 0.0 per cent from twelve months back (was 0.1%).

In the fourth quarter, the volume of exports contracted by one per cent from the previous quarter but grew by 0.4 per cent from twelve months back.

Imports decreased by 0.8 per cent from the previous quarter and by one per cent year-on-year.

In the fourth quarter, the volume of private consumption diminished by 0.5 per cent from the previous quarter and by 0.3 per cent from twelve months back.

Gross fixed capital formation diminished by 2.6 per cent from the previous quarter and by 5.7 per cent year-on-year.


Source: National Accounts 2014, 4th quarter. Statistics Finland

Inquiries: Pasi Koikkalainen 029 551 3332, Samu Hakala 029 551 3756, kansantalous.suhdanteet@stat.fi

Director in charge: Leena Storgårds

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Revisions in these statistics

Updated 2.3.2015

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly national accounts [e-publication].
ISSN=1797-9765. 4th quarter 2014. Helsinki: Statistics Finland [referred: 8.2.2023].
Access method: http://www.stat.fi/til/ntp/2014/04/ntp_2014_04_2015-03-02_tie_001_en.html