Friday 9/17/21
ECONOMY

Finland gross domestic product grew 2.1% in the second quarter

The volume of private consumption increased between April and June
containers photo: Pexels
Photo: Pexels.

The Finnish economy continues its recovery process after the 2020 disaster caused by the coronavirus crisis.

According to preliminary data from Statistics Finland, the volume of Finland’s GDP grew in April to June by 2.1% from the previous quarter.

Volume refers to data from which the effects of price changes have been eliminated

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

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

Consumption, investments

In the second quarter, the volume of private consumption increased by 1.9% from the previous quarter and by 9.6% from twelve months back.

Gross fixed capital formation, or investments, grew by 1.3% from the previous quarter and by 2% year-on-year.

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