Quarterly national accounts

In the second 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 first quarter of 2012 and by 2.6 per cent in comparison with the second quarter of 2011.

Compared to the first quarter of 2012, final consumption expenditure decreased by 0.7 per cent, gross fixed capital formation by 2.3 per cent and imports by 0.4 per cent, while exports increased by 0.2 per cent.

With respect to the second quarter of 2011, final consumption expenditure fell by 2.9 per cent, gross fixed capital formation by 9.5 per cent and imports by 8.2 per cent, while exports increased by 1.4 per cent.