Development by industry 

Updated: 28.2.2018 - Next update: 31.5.2018

In the fourth quarter, the combined volume of value added generated by industries grew by 0.7 per cent from the previous quarter. In the whole of 2017, value added was 3.4 per cent higher than in 2014.

Examined in euros, value added grew most in manufacturing, construction and private services. Examined in current prices, especially the metal industry, construction of buildings and trade grew.

Statistics Finland / Quarterly national accounts

Description of indicator

Quarterly national accounts describe Finland’s economy systematically and according to the same concepts and definitions as annual national accounts, but at a more aggregated level. 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 year.

Value added (gross) refers to the value generated by any unit engaged in a production activity. In market production it is calculated by deducting from the unit's output the intermediates (goods and services) used in the production process and in non-market production by adding up compensation of employees, consumption of fixed capital and possible taxes on production and imports.