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 4th quarter of 2012

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/06/2013 | 10:31am CET

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
01:28a Wall St. stock futures fall after Italy referendum
01:28a AUSTRALIAN PSI® : Services edge ahead in November
01:27a BAYERISCHE MOTOREN WERKE : BMW seeks to be 'coolest' ride-hailing firm with autonomous car
01:27aDJCheung Kong Bids $5.4 Billion for Duet Group
01:27aDJItalian Prime Minister Renzi Announces Intention to Resign
01:27a LE HEZBOLLAH BOMBARDE LE FATEH EL-CHAM DANS LE JURD DE ERSAL : 5 jihadistes tués
01:26a THYSSENKRUPP : Israel money finds its way to Beirut-based holding company
01:24a DRIVEN TO GIVE : Toy drives provide to families in need
01:23a DOLLAR GENERAL : Culleoka students collect Christmas gifts for seniors
01:23a ENGINEERS AUSTRALIA : A boost in efficiency for versatile solar cells
Latest news
Advertisement
Hot News 
16.12%PANDORA MEDIA : Open to Sale -CNBC's Faber
4.77%EXCLUSIVE - TRUMP FINANCIER LADDER CAPITAL EXPLORES SALE : sources
-2.22%STARBUCKS : CEO steps down to focus on high-end coffee, shares fall
8.45%BERKELEY : says demand down 20 percent after tax hike, Brexit
3.57%Vivendi denies considering Telecom Italia involvement in pay-TV deal
Most Read News
06:03p SGS : US State of Maine Proposes to Designate 2 Flame Retardants as Priority Chemicals for Reporting
06:03p CEZ : Acquires Its First Wind Park in Germany From AREAM
06:01p NIPPON TELEGRAPH AND TELEPHONE : NTT Communications to Highlight Network Security and Innovation at Capacity Asia 2016 Conference
06:02p BANK OF AMERICA : Wells Fargo offers to meet with tribal elders over protested pipeline in North Dakota
06:13p MERCEDES-BENZ "ARTIFICIAL INTELLIGENCE" FUTURE TALK IN BERLIN : Artificial intelligence – is there a human-centred approach?
Most recommended articles
12/02 Platts considers first addition to Brent basket since 2007
11/30DJCash Crunch Looms Over India's Growth Spurt
11/27DJOil Industry Anticipates 'Peak Demand' Day of Reckoning
07:28p Wall St. stock futures fall after Italy referendum
07:27pDJCheung Kong Bids $5.4 Billion for Duet Group