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GDP up by 4.2% in third quarter
Provisional estimates indicate that the Gross Domestic Product (GDP) for the third quarter this year amounted to €1,674.4 million, an increase of 4.2 per cent compared to the corresponding period last year. In real terms, GDP went up by 2.2 per cent.
The measurement of GDP from the expenditure approach indicates that GDP at constant prices went up by 2.2 per cent. Total final consumption expenditure in real terms increased by 1.5 per cent.
Gross fixed capital formation at constant prices dropped by 26.9 per cent. Real exports and real imports declined. Details on developments in the Expenditure Approach components of GDP at current prices.
The Income Approach
The annual change in GDP at current prices, amounting to €67.6 million, is estimated to have been distributed into a €21.0 million increase in compensation of employees, a €6.1 million rise in gross operating surplus of enterprises, and a €40.5 million increase in net taxation on production and imports.
Gross National Income
Considering the effects of income and taxation paid and received by residents to and from the rest of the world, Gross National Income (GNI) at market prices for the third quarter this year is estimated at €1,609.3 million.
