Finland - Real Private Consumption





Finland: Real Private Consumption

Mnemonic C$.IFIN
Unit Mil. Ch. 2010 EUR, WDASA
Adjustments Working Day Adjusted and Seasonally Adjusted
Quarterly 0.89 %
Data 2018 Q4 27,751
2018 Q3 27,505

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: GDP

Reference Last Previous Units Frequency
Nominal Gross Domestic Product 2018 Q4 59,106 58,593 Mil. EUR, WDASA Quarterly
Private Consumption 2018 Q4 31,563 31,208 Mil. EUR, WDASA Quarterly
Real Government Consumption 2018 Q4 11,582 11,691 Mil. Ch. 2010 EUR, WDASA Quarterly
Real Gross Domestic Product 2018 Q4 50,916 50,569 Mil. Ch. 2010 EUR, WDASA Quarterly
Real Private Consumption 2018 Q4 27,751 27,505 Mil. Ch. 2010 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

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