The real GDP growth in the fourth quarter of 2016, compared to the same quarter of the previous year, amounted 2,6%. According to seasonally adjusted data, GDP increased by 0,7% in the fourth quarter of 2016, as compared to the previous quarter. Observed by activities, in the fourth quarter of 2016 compared to the same quarter of the previous year, real growth of the gross value added was recorded in: Administrative activities (N) 13%, Other service activities (S) 10,6% and Agriculture (A) 5,6%. Real fall of the gross value added was recorded in: Transportation and storage (H) 4,5% and Construction (F) 2,8%.
The estimation of the quarterly gross domestic product (GDP) for the series of data from 2008 to 2015 by major categories of expenditure is presented in this release. Quarterly GDP data focus on short-term movements of the economy, while the main purpose of the quarterly GDP estimate is the calculation of the real growth rate.
The data are presented for the period from the first quarter of 2008 to the fourth quarter of 2015. Data series have been adjusted according to annual GDP calculation for the period from 2008 to 2015. The data are available at current prices, prices of the previous year, chain linked values at prices 2010, real growth rates and seasonally adjusted data of chain liked values at prices 2010. Real growth rates are calculated by using basic chain-linked indices, where the referent year (2010 = 100) is the base year.
The calculation covers all activities following the concept of expenditure by the 1993 System of National Accounts (SNA 93) and the 1995 European System of Accounts (ESA 95).
(Source: bhas)
