Finland - Nominal Gross Domestic Product
Finland: Nominal Gross Domestic Product
| Mnemonic | GDP.IFIN | |
|---|---|---|
| Unit | Mil. EUR, WDASA | |
| Adjustments | Working Day Adjusted and Seasonally Adjusted | |
| Quarterly | 0.49 % | |
| Data | 2022 Q4 | 67,744 |
| 2022 Q3 | 67,414 | |
Series Information
| Source | Statistics Finland |
| Release | Quarterly National Accounts |
| Frequency | Quarterly |
| Start Date | 3/31/1990 |
| End Date | 12/31/2022 |
Finland: GDP
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Nominal Gross Domestic Product | 2022 Q4 | 67,744 | 67,414 | Mil. EUR, WDASA | Quarterly |
| Private Consumption | 2022 Q4 | 35,381 | 35,019 | Mil. EUR, WDASA | Quarterly |
| Real Government Consumption | 2022 Q4 | 14,691 | 14,768 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
| Real Gross Domestic Product | 2022 Q4 | 58,870 | 59,098 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
| Real Private Consumption | 2022 Q4 | 30,888 | 31,074 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
| Government Consumption | 2017 | 51,522,000,000 | 51,705,000,000 | NCU | Annual |
| Investment | 2017 | 50,974,000,000 | 47,249,000,000 | NCU | Annual |
| Nominal Fixed Investment (gross fixed capital formation) | 2017 | 50,503,000,000 | 46,549,000,000 | NCU | Annual |
| Real Fixed Investment (gross fixed capital formation) | 2017 | 44,513,000,000 | 41,868,000,000 | NCU | Annual |
| Real Investment | 2017 | 44,297,000,000 | 42,480,000,000 | NCU | Annual |
Release Information
For Finland, the quarterly national accounts, including detailed expenditure, income and production approaches to GDP, in chained and current prices.
Active:
- National accounts framework: ESA 2010
- Industry classification: TOL 2008, the adaptation of NACE Rev. 2
- Measurements:
- Millions of euros at chained year-2015 prices (Mil. Ch. 2015 EUR)
- At current prices (Mil. EUR)
- Percent change quarter-over-quarter based on real data (% Q/Q Ch. 2015 EUR)
- Percent change in volume of per working day adjusted series from previous year (% Y/Y, WDA)
- Adjustments:
- Working day adjusted series from previous year (% Y/Y, WDA)
- Working day adjusted and seasonally adjusted (WDASA)
- Not seasonally adjusted (NSA)
- Native frequency: Quarterly
- Start dates:
- Uniformly 1990Q1 for levels
- Uniformly 1990Q2 for real growth
Predecessors:
- ESA 2010 at 2010 prices - 1990 to 2020
- ESA 2010 at 2010 prices - 1990 to 2018
- ESA 95 at 2000 prices
The statistics are produced in accordance with the European System of Accounts (ESA 2010), adopted with a regulation of the EU Council 2013. The economy is described from the perspectives of output, demand and in-come formation. The examination extends to data at current prices and chain-linked volume data where the reference year is 2015. The produced data show how Finland's GDP has developed by quarter, which activities have grown and by how much, whether output has grown because of exports or investments, how the consumption of households has changed from the previous quarter and how much wages and salaries have risen from the previous quarter. The data includes original, seasonally adjusted and trend series. The time series start from the year 1990.
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 dervied 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 prices. From these the annual volume changes are calculated, which are then linked together to form a chain-linked volume time series. An alternative way of calculating volume series, prior to 2006, is to use a fixed base year.
Further reading
At the source:
At the IMF (SDDS Plus):
