Quarterly national accounts

In the fourth quarter of 2020 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (Gdp) decreased by 1.9 percent to the previous quarter and by 6.6% in comparison with the fourth quarter of 2019.

Compared to previous quarter, final consumption expenditure decreased by 1.6 percent, gross fixed capital formation increased by 0.2 percent and both imports and exports registered a positive growth respectively of 5.4 percent and 1.3 percent.

With respect to the fourth quarter of 2019, final consumption expenditure decreased by 6.8 percent, gross fixed capital formation by 1.2 percent, imports by 7.1 percent, and exports by 8.1 percent.

The carry-over annual GDP growth for 2021 is equal to +2.3%.