Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Finland
FINPREND401IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.10
Year-over-Year Change
-12.89%
Date Range
1/1/1990 - 3/1/2024
Summary
This economic trend measures the production volume in the electricity, gas, steam, and air conditioning supply sector in Finland. It provides valuable insights into the overall economic activity and energy consumption patterns in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Finland series tracks the production output in this key industry. It serves as an important indicator of Finland's industrial production and energy usage, which are vital for understanding the country's economic performance and development.
Methodology
The data is collected through surveys and administrative sources by Statistics Finland.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess Finland's energy and industrial sectors.
Key Facts
- Finland is a leading producer of renewable energy in Europe.
- The electricity, gas, steam, and air conditioning supply sector accounts for around 3% of Finland's GDP.
- Production in this sector has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume in the electricity, gas, steam, and air conditioning supply sector in Finland, providing insights into the country's industrial production and energy usage.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Finland's economic performance and development, as the electricity, gas, steam, and air conditioning supply sector is a key component of the country's industrial and energy landscape.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative sources by Statistics Finland.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and market analysts to assess Finland's energy and industrial sectors, which are crucial for the country's economic growth and development.
Q: Are there update delays or limitations?
A: The data is updated regularly by Statistics Finland, but there may be occasional delays or limitations in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Finland (FINPREND401IXOBSAM), retrieved from FRED.