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
11:18p IBM Watson Health to Integrate MedyMatch Technology into Cognitive Imaging Offerings to Help Doctors Identify Head Trauma and Stroke
11:18p The “Brain” of the Space Launch System RS-25 Engine Passes Critical Test
11:17p KONINKLIJKE DSM : Investment group acquires part of Fibrant plant
11:17p UNITED STATES AND GLOBAL PLC INDUSTRY 2017-2022 MARKET STUDY BY KEY PLAYERS, SOLUTIONS, SERVICES, APPLICATIONS : Toshiba, Siemens
11:17p Morocco, Longtime US Counterterrorism Ally, Attends Anti-ISIS Coalition Meeting in Washington
11:16p MEDICAL IMAGING : Study Results from Massachusetts Institute of Technology Provide New Insights into Magnetic Resonance Imaging [Assessing the effects of subject...
11:16p VARIAN MEDICAL : Hungary's National Institute of Oncology Upgrades Radiotherapy Equipment With Advanced Varian Linear Accelerators
11:16p TOYOTA MOTOR : Patent Issued for Vehicles Having Load-Transferring Hood Hinge Members (USPTO 9593517)
11:15p RESEARCHERS AT ASTRAZENECA RELEASE NEW DATA ON HEPATITIS B VIRUS (CURE STRATEGIES FOR HEPATITIS B VIRUS : The Promise of Immunotherapy)
11:15p DMG MORI : Researchers Submit Patent Application, "Machine Tool", for Approval (USPTO 20170066094)
Latest news
Advertisement
Hot News 
8.08%Investors find some relief in Next's chilly outlook
-4.56%BASIC FIT : core earnings rise on record number of new gym openings
5.37%GVC : to pay second special dividend for 2016 on favourable trading, refinancing
-4.96%IG : quarterly revenue falls 3.8 percent on UK, Ireland weakness
3.44%Brexit delaying major UK infrastructure projects, Kier says
Most Read News
12:27p AKZO NOBEL : finds unwanted suitor PPG on its doorstep
04:02a Verizon, AT&T suspend ads from Google over offensive videos
09:24a BP : Britain awards 25 oil exploration licences in frontier tender
10:50a NEXT : British retail sales suffer biggest squeeze in nearly seven years as inflation bites
01:47p Escondida workers to end strike as they opt for old contract
Most recommended articles
03/21 UK to investigate any UK banking involvement in 'Laundromat' case
06:12pDJFORTESCUE METALS : to Repay Further US$1 Billion Debt
06:10pDJGRAIN HIGHLIGHTS : Top Stories of the Day
06:04p JBS : EU asks Brazil to suspend meat shipments amid scandal - sources
06:02pDJENI : Italy's Eni Strikes Oil Off Mexican Shores