Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Statistical Office of the Slovak Republic : Gross domestic product in the 3rd quarter of 2012

12/06/2012 | 04:19am US/Eastern

A year-on-year economic growth was recorded in the SR in the third quarter of this year too, however, the dynamics of the growth moderated at constant prices to 2,1 %. After data revision, the GDP increased by 2,9 % in the 1st quarter and by 2,6 % in the 2nd quarter. In quarter-on-quarter comparison (the 3rd quarter compared with 2nd quarter), the volume of GDP increased really by 0,6 % after seasonal adjustment. In absolute terms, the GDP amounted to EUR 18 879 million and it rose, year-on-year, by 3,7 % at current prices.

In the 3rd quarter, performance of economy increased mostly as a result of continuing increase of the foreign demand. Export of goods and services increased by 11,6 %, year-on-year, which constituted by 1,4 p.p. more than in the 3rd quarter 2011. Import of goods and services also increased by 5,7 %. All the expenditure items contributed to the decline of domestic demand by 3,3 %. The production of gross capital decreased the most significantly, by 10,2 % (of which gross fixed capital decreased by 3,7 %). Final consumption of households decreased by 0,6 %, final consumption of public administration by 0,4 % and consumption of non-profit associations for households by 0,3 %.

Added value represented EUR 17 377,4 million of the produced gross domestic product in the 3rd quarter. The highest volume of the total added value was produced by industry 27,2 % (of which manufacturing 22 %). A significant share was also reached in the following sectors: trade; transportation and storage; accommodation and food service activities and accounted for 20,8 %, public administration; education; human health and social work activities constituted 12,2 %. Compared with the 3rd quarter of 2011, the share of manufacturing increased most by 1,3 p.p., the sharpest decline was recorded in sector of construction by 0,7 p.p.

The volume of added value increased by 2,8 %, compared with the 3rd quarter of 2011. In terms of individual sectoral groupings, positive development was registered in industry by 10,4 % (of which in manufacturing by 13,3 %). Higher added value was recorded in real estate activities by 11,2 %, information and communication as well as arts, entertainment and recreation; other service activities equally by 4,2 %, public administration, defence, compulsory social security; education; human health and social work activities by 1,7 %. In the other sectors, the added value did not reach the last year´s level. The highest relative decrease was in wholesale and retail trade, repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities by 4,6 % and in financial and insurance activities by 3 %.

Gross operation surplus and mixed incomes represented EUR 11 026,5 million of the produced gross domestic product by income approach 1), there was a year-on-year increase by 7,1 %. Remuneration of employees 2) in the amount of EUR 6 528,5 million increased by 1,7 %. The volume of collected taxes on production and on import increased by 0,6 % to EUR 1 786 million. Value of subsidies was higher by 59,7 % and reached EUR 461,9 million.

In the 1st - 3rd quarter, the volume of gross domestic product amounted to EUR 53 251 million. Compared with the corresponding period last year, it rose by 3,9 % at current prices. It increased at constant prices by 2,5 %.

___________________________________
Note: by ESA 95 methodology; unless otherwise stated, absolute values and structure are at current prices, data on year-on-year development are calculated from constant prices by chain procedure of volumes to the reference year 2005
1) absolute values and data on year-on-year development are at current prices
2) bonuses of employees (residents or non-residents) are paid off by residential employers
p.p. percentage point

Issued by:

More detailed information:

Statistical Office of the SR

Macroeconomic Statistics Section

Mileti

React to this article
Latest news
Date Title
01:49p North African Experts Discuss Financing of Regional Development
01:49p DF DEUTSCHE FORFAIT : Weg zur Umsetzung des Restrukturierungskonzepts endgültig frei (DGAP Adhoc)
01:49p Worldwide Production Printer Shipments Achieve Double-Digit Growth in the Fourth Quarter of 2014, According to IDC
01:49p RESEARCH AND MARKETS : Bricks and Blocks in Saudi Arabia to 2018: Market Databook
01:49p RESEARCH AND MARKETS : Global Underwater Robotics Market 2015-2019 with Atlas Maridan, Bluefin Robotics & Deep Ocean Engineering Dominating
01:48p TOWER RESOURCES : Kaizen Discovery and Tower Resources extend period of exclusive negotiations; Kaizen plans to acquire 100% of the outstanding common shares of Tower Resources in an all-share transaction
01:48p TOWER RESOURCES : Kaizen Discovery and Tower Resources enter into period of exclusive negotiations; Kaizen plans to acquire 100% of the outstanding common shares of Tower Resources in an all-share transaction
01:48p ICSID CENTRE FOR SETTLEMENT OF INV : VICAT v. Republic of Senegal (ICSID Case No. ARB/14/19)
01:48p EVONIK : Key Financial Data: January 1 to December 31, 2014 / Outlook for 2015
01:48p API AMERICAN PETROLEUM INSTITUTE : Crude exports key to U.S. success in 21st century energy market
Latest news
Advertisement
Hot News 
ISG : Shares Hit As It Swings To Loss, Launches Discounted Placing (ALLISS)
GLOBAL BIOENERGIES : reports first isobutene production from waste biomass
FILTRONIC : CFO Replaces CEO As Full Year Revenue Outlook Worsens
PHYSIOMICS : Shares Surge As It Gets Contract With Merck
MCCOLL RETAIL : Posts Higher Annual Profit But First-Quarter Of New Year Weak
Most Read News
03/02 OPOWER : reports 4Q loss
11:52a REVL AC : Los Angeles developer makes 11th-hour offer to buy Revel Casino Hotel in Atlantic City
11:53a INTRODUCING MAPFRE STADIUM : MAPFRE Insurance Reveals Stadium Naming Rights Partnership with Columbus Crew SC
11:52a A.M. Best Comments on the Ratings of State Farm Lloyds Following Settlement over Homeowners Rates
11:52a NORTECH SYSTEMS : to Report Fourth Quarter Results
Most recommended articles
01:47p U.S. stocks recede from record highs, dollar slips
01:44pDJNBC News Bringing in New Leadership, After High-Profile Stumbles
01:44pDJTech Firms Buy Up Property for Future Growth
01:37p Irish parliament passes plain tobacco packaging law
01:32p WARREN BUFFETT : Buffett questions putting activist on GM board
Dynamic quotes  
ON
| OFF