IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The GDP figure for the (3rd quarter 2011  1,4% q/q )

Real gross domestic product (GDP) at market prices increased by 1,4 per cent during the third quarter of 2011
The seasonally adjusted real GDP at market prices for the third quarter of 2011 increased by an annualised rate of 1,4 per cent compared with an increase of 1,3 per cent  during the second quarter of 2011.

The main contributors to the increase in economic activity for the third quarter of 2011 were finance, real estate and business services (0,9 of a percentage point), the wholesale, retail and motor trade; catering and accommodation industry (0,7 of a percentage point) and general government services (0,5 of a percentage point). In contrast other industries contributed negatively, i.e. the mining and quarrying industry contributed
-0,9 of a percentage point, the manufacturing industry contributed -0,3 of a percentage point and the agriculture, forestry and fishing industry contributed -0,1 of a percentage point.

The seasonally adjusted real annualised value added by the primary, secondary and tertiary sectors recorded decreases of 13,7 per cent, 1,4 per cent and an increase of 4,2 per cent respectively during the third quarter of 2011.

The unadjusted real GDP at market prices for the third quarter of 2011 increased by 3,1 per cent compared with the third quarter of 2010. The estimates of GDP for the first nine months of 2011 compared with the corresponding period in 2010 increased by 3,2 per cent.

Real annual GDP increased by 2,9 per cent in 2010 following a decrease of 1,5 per cent (revised from a decrease of 1,7 per cent) in 2009

According to the latest preliminary indicators, the independent annual real estimate of GDP for 2010 increased by 2,9 per cent compared with 2009.

The main contributors to the increase in economic activity in 2010 were the manufacturing industry
(0,8 of a percentage point), finance, real estate and business services, general government services and the wholesale, retail and motor trade; catering and accommodation industry (each contributing 0,4 of a percentage point), the mining and quarrying industry (0,3 of a percentage point) and the transport, storage and communication industry (0,2 of a percentage point). The contributions by other industries were all negligible, i.e. the agriculture, forestry and fishing industry, the electricity, gas and water industry, the construction industry and personal services.

The GDP estimates are preliminary, and may routinely be revised on the basis of additional