Press release

Quarterly national accounts

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In the fourth quarter of 2019 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) decreased by 0.3 per cent over the previous quarter and increased by 0.1 per cent in comparison with the fourth quarter of 2018.

Compared to previous quarter, final consumption expenditure decreased by 0.2 per cent, gross fixed capital formation by 0.1 per cent and imports by 1.7 per cent, whereas exports increased by 0.3 per cent.

With respect to the fourth quarter of 2018, final consumption expenditure decreased by 0.1 per cent and imports by 2.7 per cent, whereas gross fixed capital formation increased by 1.7 per cent and exports by 0.4 per cent.

The carry-over annual GDP growth for 2020 is equal to -0.2%.

Reference period: Fourth quarter 2019

Date of Issue: 04 March 2020

Next release: 29 May 2020

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