GDP grows by 2.1% in Q2

Finland’s gross domestic product grew in April to June by 2.1 per cent from the previous quarter, according to Statistics Finland.

Compared with the first quarter of 2020, GDP adjusted for working days grew by 7.5 per cent.

According to revised data, GDP grew in January to March by 0.1 per cent from the previous quarter (was -0.1%) but decreased by 1.5 per cent from twelve months back (was -1.0%).

In the second quarter of 2021, the volume of exports grew by 0.3 per cent from the previous quarter and by 5.7 per cent year-on-year.

Imports increased by 1.5 per cent from the previous quarter and by 6.1 per cent year-on-year.

In the second quarter, the volume of private consumption increased by 1.9 per cent from the previous quarter and by 9.6 per cent from twelve months back. Gross fixed capital formation, or investments, grew by 1.3 per cent from the previous quarter and by 2.0 per cent year-on-year.