Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/06/2012 | 10:19am CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
04:46p WAL MART STORES : New Wawa, shopping center in Brick? Here are 4 things to know
04:46p Digiliti Money Appoints Technology Executive, Brittany McKinney, to Board of Directors
04:45p LVMH's Arnault swoops to take full control of Christian Dior
04:45p LVMH's Arnault swoops to take full control of Christian Dior
04:45p TOUCHSTONE EXPLORATION : at 52-Week High
04:45p FIRSTGROUP PLC : - Director/PDMR Shareholding
04:45p UNITED STATES PROTON THERAPY MARKET REPORT 2017 : Number of Proton Therapy Centers in United States is Anticipated to Increase Year on Year - Research and Markets
04:45p John Marshall Law School Named One of the Best in the Country for Intellectual Property Law
04:44p Pennsylvania Superior Court Upholds $55 Million Seat Belt Defect Verdict Eisenberg Rothweiler Secured Against Honda
04:44p PATRIOT NATIONAL INC : Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Patriot National (PN) and Lead Plaintiff Deadline - May 15, 2017
Latest news
Advertisement
Hot News 
11.75%LVMH's Arnault swoops to take full control of Christian Dior
-7.36%WHITBREAD : Britain's Costa Coffee-owner Whitbread sees tougher times ahead
6.31%AHEAD OF THE TAPE : Caterpillar Rally Has Heavy Lift To Endure -- WSJ
4.15%LVMH : to Buy Christian Dior Couture for EUR6 Billion
4.09%MCDONALD : All-Day Breakfast Still a Boon
Most Read News
04/24 Ahead of NAFTA talks, U.S. sets 20 percent duties on Canadian softwood lumber
10:28a Germany opposes key EU car emission test reforms -document
01:29a TOSHIBA TO START TAKING BIDS IN JUNE FOR ITS SWISS UNIT LANDIS+GYR : Kyodo
02:35aDJLVMH : to Buy Christian Dior Couture for EUR6 Billion
01:40aDJNOVARTIS : 1Q Net Income Down 17%, Hurt by Drug Failure
Most recommended articles
04/21 TWENTY FIRST CENTURY FOX : Government extends period for regulators to report on Sky-Fox merger
10:45a LVMH's Arnault swoops to take full control of Christian Dior
10:43a Saudi's Alawwal Bank in merger talks with HSBC-backed SABB
10:40a Trudeau vows to defend Canada interests as U.S. targets lumber, Canadian dollar falls
10:40a TULLOW OIL : Royal London to oppose election of Tullow Oil chair at AGM