Finland - Exports of Goods and Services





Finland: Exports of Goods and Services

Mnemonic EX.IFIN
Unit Mil. EUR, WDASA
Adjustments Working Day Adjusted and Seasonally Adjusted
Quarterly 2.31 %
Data 2018 Q4 23,057
2018 Q3 22,537

Series Information

Source Statistics Finland
Release GDP expenditure approach and national income
Frequency Quarterly
Start Date 3/31/1990
End Date 12/31/2018

Finland: Trade

Reference Last Previous Units Frequency
Current Account Balance Mar 2019 -469 -153 Mil. EUR, NSA Monthly
Exports of Goods and Services 2018 Q4 23,057 22,537 Mil. EUR, WDASA Quarterly
Real Exports of Goods and Services 2018 Q4 21,226 20,556 Mil. Ch. 2010 EUR, WDASA Quarterly
Imports of Goods and Services 2017 85,226,000,000 79,350,000,000 NCU Annual
Real Imports of Goods and Services 2017 84,525,000,000 81,650,000,000 NCU Annual
Balance of Goods Aug 2017 -150 -280 Mil. EUR, NSA Monthly
Exports of Goods Aug 2017 4,725 4,700 Mil. EUR, NSA Monthly
Imports of Goods Aug 2017 4,874 4,980 Mil. EUR, NSA Monthly

Release Information

The quarterly national account (QNA) displays how Finland’s GDP has changed from quarter to quarter. The compilation of QNA in Finland is based on the use of current price indicator series together with various mathematical and statistical methods. The compilation thus differs from the annual national accounts, which are mostly compiled by direct compilation method. More specifically, it measures which activities have increased or decreased and by how much, whether output has grown because of exports or in-vestments, how the consumption of households has changed from the previous quarter, and how much wages and salaries have risen from the previous year.

These statistics are collected in accordance to ESA 2010, adopted with a regulation of the EU Council in 2013. The dataset is composed of statistics presented as original, seasonally adjusted, and trend series for 21 industries. This data is collected at current prices and chain-linked volume that is benchmarked to the annual accounts with a reference year of 2010. Gross fixed capital formation is classified using data divided according to the classification of assets into buildings, machinery, equipment and transport equipment, and intellectual property products. Household consumption expenditure is classified by durability into durable, semi-durable and non-durable goods, services and tourism expenditure as net.

Definitions:

Volume refers to data adjusted for price changes. One problem with current price estimates is that price fluctuations can often dominate the changes in value. Volume estimates are needed to separate real changes in economic activity from these price changes. That is why the percentage change of GDP is normally derived from the volume estimates. Volume in national accounts is not simply a measure of quantity, because it also comprises changes in quality.

Chain-linking means that the volume data of each year are first calculated at previous year's prices. From these are calculated the annual volume changes, which are then linked together to form a chain-linked volume time series. An alternative way of calculating volume series, utilized prior to 2006, is to use a fixed base year.

The QNA are subject to revisions and are usually updated with the release of the annual national account dataset.

 http://www.stat.fi/til/ntp/index_en.html