GDP for third quarter 2010 up by 7.3%

In real terms, GDP went up by 3.6 per cent. During the period under review, growth in value added was generated by the following economic activities when compared to the corresponding quarter of 2009: hotels and restaurants; financial intermediation; manufacturing; electricity, gas and water supply; real estate, renting and business activities; transport, storage and communication; other community, social and personal service activities; education; and health.

Value added in public administration, agriculture, construction, and wholesale and retail trade practically

retained last year's levels, while declines were observed in mining and quarrying, and fishing.

The measurement of GDP from the expenditure approach indicates that GDP at constant prices went up by 3.6 per cent.. Household final consumption expenditure in real terms edged down. Gross fixed capital formation at constant prices increased. Real exports and real imports of goods and services experienced increases. Details on developments in the Expenditure Approach components of GDP.

The annual change in GDP at current prices, amounting to €111.3 million, is estimated to have been distributed into a €21.9 million increase in compensation of employees, a €100.1 million rise in gross operating surplus of enterprises, and a €10.7 million decline in net taxation on production and imports.

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 €1,537.7 million.