Gross Domestic Product 2011 - Revision

  • Statistical Series
  • 07. September 2012
  • Vol 97, Issue 27
  • ISSN: 1670-4665

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The revised annual national accounts for 2011 show a 2.6% increase in Gross Domestic Product (GDP) in real terms. In 2010, GDP decreased by 4% and by 6.6% in 2009. This revision can be compared with the provisional data from March 2012 where GDP for 2011 was estimated to have decreased by 3.1%. The downward revision is due to less domestic expenditure than was estimated in March but part of the decrease in domestic expenditure is offset by more export than was estimated in March.

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