Finland - Real Private Consumption





Finland: Real Private Consumption

Mnemonic C$.IFIN
Unit Mil. Ch. 2015 EUR, WDASA
Adjustments Working Day Adjusted and Seasonally Adjusted
Quarterly 1.91 %
Data 2021 Q2 29,629
2021 Q1 29,075

Series Information

Source Statistics Finland
Release Quarterly National Accounts
Frequency Quarterly
Start Date 3/31/1990
End Date 6/30/2021

Finland: GDP

Reference Last Previous Units Frequency
Nominal Gross Domestic Product 2021 Q2 61,688 60,199 Mil. EUR, WDASA Quarterly
Private Consumption 2021 Q2 31,297 30,440 Mil. EUR, WDASA Quarterly
Real Government Consumption 2021 Q2 13,985 13,889 Mil. Ch. 2015 EUR, WDASA Quarterly
Real Gross Domestic Product 2021 Q2 57,611 56,431 Mil. Ch. 2015 EUR, WDASA Quarterly
Real Private Consumption 2021 Q2 29,629 29,075 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):