GROSS DOMESTIC PRODUCT – THIRD QUARTER 2018

Publication Date: 05/12/2018

GDP IN THE THIRD QUARTER OF 2018 ROSE BY 2,2%
Real gross domestic product (measured by production) increased by 2,2% in the third quarter of 2018, following a decrease of 0,4% in the second quarter of 2018.
Figure 1 Growth in GDP (%)

The largest positive contributors to growth in GDP in the third quarter were the manufacturing, finance, transport and trade industries.

The manufacturing industry increased by 7,5% and contributed 0,9 of a percentage point to GDP growth.

The finance, real estate and business services industry increased by 2,3% and contributed 0,5 of a percentage point.

The transport, storage and communication industry increased by 5,7% and contributed 0,5 of a percentage point.

Negative contributions to GDP growth came from the mining, electricity and construction industries.
Figure 2 Contributions to growth in GDP, Q3 2018 (% points)

Expenditure on real gross domestic product increased by 2,3% in the third quarter of 2018, following a decrease of 0,7% in the second quarter of 2018.2
Figure 3 Growth in expenditure on GDP (%)

Household final consumption expenditure increased by 1,6% in the third quarter of 2018, contributing 1,0 percentage point to total growth.

Government final consumption expenditure increased by 2,2%, contributing 0,4 of a percentage point.

Gross fixed capital formation decreased by 5,1%, contributing -1,0 percentage point.

Changes in inventories in the third quarter contributed 2,8 percentage points to total growth.

Exports increased by 24,2% and imports increased by 26,7%. Net exports contributed -0,9 of a percentage point to total growth.
Figure 4 Contributions to growth in expenditure

Download the GDP Third Quarter Results