IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The GDP figure for the (4th quarter 2012  2,1% q/q )

The seasonally adjusted real GDP at market prices for the fourth quarter of 2012 increased at an annualised rate of 2,1 per cent compared with an increase of 1,2 per cent during the third quarter of 2012.

The main contributors to the increase in economic activity in the fourth quarter of 2012 were the manufacturing industry (0,8 of a percentage point), finance, real estate and business services (0,6 of a percentage point) and general government services (contributing 0,4 of a percentage point).  The mining and quarrying industry recorded a negative contribution of 0,5 of a percentage point, and the contributions by the electricity, gas and water industry and the construction industry  were insignificant.

The seasonally adjusted real annualised value added by the primary, secondary and tertiary sectors recorded a decrease of 3,7 per cent, an increase of 3,6 per cent and an increase of 2,4 per cent respectively during the fourth quarter of 2012.

The unadjusted real GDP at market prices for the fourth quarter of 2012 increased by 2,5 per cent compared with the fourth quarter of 2011.

Real annual GDP increased by 2,5 per cent in 2012

First preliminary annual estimates of gross domestic product (GDP) are derived as the sum of the GDP for the four quarters of the specific year. These estimates indicate that the real annual GDP at market prices for 2012 increased by 2,5 per cent compared with 2011, when the real annual economic growth rate was 3,5 per cent.

The main contributors to the increase in economic activity in 2012 were finance, real estate and business services (0,7 of a percentage point), the manufacturing industry, the wholesale, retail and motor trade, catering and accommodation industry and general government services (each contributing 0,4 of a percentage point) and the transport, storage and communication industry (0,2 of a percentage point).

The GDP estimates are preliminary, and may routinely be revised on the basis of additional evidence that has become available by the time the subsequent quarters estimates are released.