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 4th quarter of 2012

03/06/2013 | 04:31am US/Eastern
Recommend:
0

In the 4th quarter, gross domestic product increased actually by 0,7 %. This growth was more moderate by 3,1 p.p. than in the 4th quarter of 2011. In quarter-on-quarter comparison (the 4th quarter of 2012 compared with 3rd quarter of 2012), it increased by 0,2 % after seasonal adjustment. The volume of GDP rose by 2 %, year-on-year, at current prices to EUR 18 212,1 million.

In the 4th quarter, similarly to the previous quarters, the economic growth was affected exclusively by the growth of the foreign demand. Export of goods and services increased by 7,1 %, year-on-year, which constituted by 2,9 p.p. more than the increase in imports of goods and services. Domestic demand deepened its year-on-year decline by 1,1 p.p. to 1,9 % as a result of reducing almost in all of its expenditure components. Production of gross capital recorded the deepest a year-on-year decline by 5,8 % and production of gross fixed capital decreased by 5 %. Final consumption of households was also lower by 1,2 % and final consumption of public administration by 0,3 %. Final consumption of non-profit associations for households remained at the last year´s level.

In the 4th quarter, gross production was generated in the amount of EUR 44 549,7 million, of which intermediate consumption accounted for EUR 27 898,8 million and added value amounted to EUR 16 650,9 million. Net taxes on products amounted to 1 561,2 million. Compared with the 4th quarter of 2011, the gross production remained at the same level, intermediate consumption decreased by 1,7 % and added value increased by 3 %. The volume of net taxes on products decreased by 19 %. The share of intermediate consumption in gross production fell by 0,8 p.p. to 62,6 %, the share of added value in gross production increased by 0,8 p.p. to 37,4 %.

The total level of added value was affected most by industry which represented 26,9 % (of which manufacturing 21,1 %). There was a significant share of sectoral groupings, such as trade; transportation and storage; accommodation and food service activities 19,3 %, public administration; education; human health and social work activities 14,7 %. Compared with the 4th quarter of 2011, the share of manufacturing increased the most by 1 p.p., the deepest decline was registered in construction by 1,3 p.p.

In terms of production, the development of GDP in the 4th quarter was affected by the added value growth, mostly in sector of information and communication by 11,2 %. Higher added value was also registered in industry by 10,6 % (of which manufacturing by 13,3 %), professional, scientific and technical activities; administrative service activities by 7 %, wholesale and retail trade, repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities by 2,4 %, real estate activities by 2 %, public administration, defence and compulsory social security; education; human health and social work activities by 1,5 %, financial and insurance activities by 1,1 %. In other sectors, the added value did not reach the last year´s level. The deepest relative decline was recorded in agriculture, forestry and fishing and in construction equally by 9,2 %.

Gross operation surplus and mixed incomes represented EUR 9 490 million of the produced gross domestic product by income approach 1) with a year-on-year growth by 5,9 %. Remunerations of employees 2) in the amount of EUR 7 276,3 million increased by 3,1 %. The volume of collected taxes on production and on import decreased by 13,6 % to EUR 1 832,9 million. The value of subsidies was higher by 36,6 % and amounted to EUR 387,2 million.

In 2012, the volume of gross domestic product amounted to EUR 71 463 million. Compared with 2011, it rose by 3,4 % at current prices. A year-on-year growth rate of GDP moderated by 1,2 p.p. to 2 % at constant prices.

___________________________________
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

Section of National Accounts

Mileti

Recommend :
0
React to this article
Latest news
Date Title
<1m ago OIL & NATURAL GAS : ONGC Board approves investment of Rs. 5,219 crore to enhance Gas production from Daman Development Project in Western Offshore
3m ago AUDI : recalls 70,000 cars
9m ago Van Gaal believes will achieve success at Man U just like everywhere else
9m ago Man U has most expensive PL squad
9m ago KMC KUEI MENG : Apple's iWatch to only hit markets by 2015: Reports
11m ago JPMORGAN CHASE : Big Name Bank Hacks Highlight the Importance of Regular Testing and Effective Emergency Response
11m ago China graft watchdog probes another executive at Chinese car maker
15m ago RECORDATI : The eight edition of the Arrigo Recordati International Prize for Scientific Research issues the call for nominations
19m ago GS ENGINEERING NSTRUCTION : Four companies interested in Aramco gas project
23m ago FEDERAL NATIONAL MORTGAGE ASSCTN FNNI ME : FHFA Proposes 2015-2017 Housing Goals for Fannie Mae and Freddie Mac
Latest news
Advertisement
Hot News 
FORBIDDEN TECHNOLOGIES : Integrates Timecode Buddy into Forscene Platform via MovieSlate iOS App
UNITED THERAPEUTICS : District Court Decision Received In Remodulin Patent Case
THERAMETRICS : SIX: TMX) today announces its financial results for the first half year ended June 30, 2014
ADL PARTNER : 08/28/2014 - ADLPartner: EARNINGS GROWTH FOR THE FIRST HALF OF 2014
BWIN PARTY DIGITAL ENTERTAINMENT : 2014 Half Year Dividend
Most Read News
1d ago BANK OF NEW YORK MELLON : Argentina to appeal U.S. judge's order on bond payment
1d ago SONORO ENERGY : Files Second Quarter 2014 Financial Statements
1d ago COLUMBUS GOLD : Satisfies Obligation Respecting Paul Isnard
1d ago DIGITAL SHELF SPACE : Announces Unaudited Financial Results for the Six Months Ending June 30, 2014 and Stock Option Grants
1d ago Intel hires senior Qualcomm exec to boost mobile business
Most recommended articles
1d ago S&P 500 edges up to set new record; best month since Feb
11m ago China graft watchdog probes another executive at Chinese car maker
1h ago ALIBABA SET TO LAUNCH IPO ROADSHOW WEEK OF SEPTEMBER 8 : New York Times
2h ago HINDALCO : Indian investigators drop coal scam case against billionaire Birla
3h agoDJCameco Says Mine Production Remains Suspended Over Labor Dispute
Dynamic quotes  
ON
| OFF