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Press release

Quarterly national accounts

In the first quarter of 2012 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) decreased by 0.8 per cent with respect to the fourth quarter of 2011 and by 1.4 per cent in comparison with the first quarter of 2011.

Compared to the fourth quarter of 2011, final consumption expenditure decreased by 0.6 per cent, gross fixed capital formation by 3.6 per cent; imports and exports decreased by 3.6 per cent and 0.6 per cent respectively.

With respect to the first quarter of 2011, final consumption expenditure decreased by 2.1 per cent, gross fixed capital formation by 7.6 per cent and imports by 9.0 per cent, while exports increased by 1.7 per cent.

Period: I quarter 2012

Date of Issue: 11 June 2012

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