Statistical office confirms 2.8% GDP growth in Q2

The national statistical office on Wednesday confirmed its preliminary estimate showing that GDP in Q2 this year grew 2.8% from Q2 2015.

This is the seventh consecutive quarter that GDP has been growing, this time faster than in the previous quarter, when GDP went up 2.7%.

According to seasonally adjusted data, GDP in Q2 grew 0.5% from the previous quarter, while in relation to Q1 2015 it went up 1.9%.

The national statistical office said that the biggest contribution to GDP growth was made by the export of goods and services, which grew 4.1% in Q2.

The contribution of domestic demand was positive. Of the components of domestic demand, household final consumption expenditure had the most positive effect on economic activity, going up by 3%.

The contribution of net foreign demand was negative.

The other most important components of GDP went up as well, for example, state spending grew 2.6% while gross investment in capital assets jumped by 6.3%.

Last update: Wed, 07/09/2016 - 13:29
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