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Press release

Quarterly national accounts

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In the third quarter of 2020 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) increased by 15.9 per cent with respect to the previous quarter and decreased by 5% compared to the third quarter of 2019.

Compared to previous quarter, final consumption expenditure increased by 9.2 per cent, gross fixed capital formation by 31.3 per cent, imports and exports by 15.9 per cent and 30.7 per cent respectively.

With respect to the third quarter of 2019, final consumption expenditure decreased by 5.7 per cent, both imports and exports decreased, respectively by 11.9 and 9.1 per cent, whereas gross fixed capital formation increased by 0.7 per cent.

The carry-over annual GDP growth for 2020 is equal to -8.3%.

Note. At 12:30 hrs. Quarterly National Accounts data in I.Stat have been replaced to correct an uploading error which affected the 1995-2015 period of time series

Reference period: Third quarter 2020

Date of Issue: 01 December 2020

Next release: 3 March 2021

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