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Finland’s Gross domestic product grew by 5.5 percent per annum

Friday, 03 June 2011
Finnish Gross domestic product grew in January to March by 5.5 percent over the corresponding period last year.
From the previous quarter, GDP grew by 0.8 percent, reports Statistics Finland which also stated on Friday that last year's fourth quarter GDP figures was 1.8 percent. Last year's October-December GDP grew by 5.5 percent over a year earlier. The previous quarter, growth was 1.8 percent.

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During the first quarter, exports have declined from the previous quarter, but increased from the year before. In March last year exports also decreased. Export volumes fell by 4.8 percent from the previous quarter but increased by 15.9 percent over the previous year. Imports increased by 2.2 percent from the previous quarter and by 11.9 percent from the year before.

The volume of private consumption rose in the first quarter by 0.1 percent sequentially and up 2.3 percent from the year before. Investments grew by 2.6 percent from the previous quarter and up 9.8 percent from the year before.

By Scancomark.se Team


Key Finnish Facts
Official Name Republic of Finland
President Tarja Halonen
Prime minister
Population 5.3 Million
Capital City Helsinki
Monetary Unit Euro (€)
  €1 = 100 cent
Domain Name .fi
Int. Dialling Code +358
Official Language Finish - 92%
Swedish - 6%
Religion Christianity
Main stock market Name NASDQ OMX Helsinki 25
Internet Speed 4.5 Mbps (2009)
Vital Links
Finnish Government
OECD data on Finland
Finland and UNICEF
Ministry of Economy  & Employment
Statistics Finland
Finland 's UNO Pages
Confederation of Finnish Industries

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