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Press release

Quarterly national accounts

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In the first quarter of 2016 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) increased by 0.3 per cent with respect to the fourth quarter of 2015 and by 1.0 per cent in comparison with the first quarter of 2015.

Compared to the fourth quarter of 2015, final consumption expenditure increased by 0.2 per cent, gross fixed capital formation by 0.2 per cent; imports and exports decreased by 0.9 per cent and 1.5 per cent respectively.

With respect to the first quarter of 2015, final consumption expenditure increased by 1.4 per cent, gross fixed capital formation by 1.8 per cent and imports by 1.2 per cent, while exports decreased by 0.4 per cent.

Reference period: First quarter 2016

Date of Issue: 31 May 2016

Next release: 2 September 2016

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