Be the first to comment!GDP went up by 4.4% in 2011, in real terms by 2.1%
 Email item
|  Print item
|
|
Provisional estimates indicate that the Gross Domestic Product (GDP) for 2011 amounted to €6.4 billion, an increase of 4.4 per cent compared to 2010. In real terms, GDP went up by 2.1 per cent.
During 2011 growth in gross value added was generated by the following economic activities: financial and insurance activities; information and communication; professional, scientific and technical activities; arts, entertainment and recreation, repair of household goods and other services; wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities; manufacturing; public administration and defence; compulsory social security; education; human health and social work activities; agriculture, forestry and fishing and real estate activities.
A drop in gross value added was registered in the construction, electricity, gas, steam and air conditioning supply, and water supply activities.
Against the backdrop of a faster growth rate in the previous three quarters, provisional estimates indicate that GDP growth for the last quarter stood at 1.8 per cent at current prices and -0.1 per cent in real terms.
Total final consumption expenditure in nominal terms increased by 4.2 per cent and by 3.3 per cent in real terms. Gross fixed capital formation fell by 11.6 per cent at nominal prices and by 13.4 per cent in real prices. Real exports edged up and real imports declined.
The annual change in GDP at current prices, amounting to €270.0 million, is estimated to have been distributed into a €84.7 million increase in compensation of employees, a €114.5 million rise in gross operating surplus of enterprises, and a €70.8 million increase in net taxation on production and imports..
Gross National Income Considering the effects of income and taxation paid and received by residents to and from the rest of the world, Gross National Income (GNI) at market prices for 2011 is estimated at €5.8 billion.
These figures come from the National Statistics Office.
