Quarterly national accounts, 3rd quarter 2008

  • Statistical Series
  • 12. December 2008
  • Vol 93, Issue 69
  • ISSN: 1670-4665

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In real terms, GDP in the 3rd quarter of 2008 decreased by 0.8% from the same quarter of the previous year. Over the same period total domestic expenditure decreased by almost 10% in real terms, where household final consumption decreased by 7% and gross fixed capital formation by 28% while government final consumption increased by 3%. Exports rose by 18% while imports decreased by 10% in the 3rd quarter of 2008 as compared with the same quarter of 2007. The considerably lower decline in GDP than in total domestic expenditure is explained by the improved balance of trade of goods and services.

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