IMPROVING LIVES THROUGH DATA ECOSYSTEMS

Real gross domestic product (GDP) at market prices increased by 3,8 per cent during the fourth quarter of 2013

The seasonally adjusted real GDP at market prices for the fourth quarter of 2013 increased at an annualised rate of 3,8 per cent compared with an increase of 0,7 per cent during the third quarter of 2013.

The main contributors to the increase in economic activity in the fourth quarter of 2013 were the manufacturing industry (1,8 percentage points), the mining and quarrying industry (0,8 of a percentage point), the wholesale, retail and motor trade; catering and accommodation industry and finance, real estate and business services (each contributing 0,3 of a percentage point). A negative contribution was recorded by the electricity, gas and water industry (-0,1 of a percentage point).

The seasonally adjusted real annualised value added by the primary, secondary and tertiary sectors recorded increases of 12,8 per cent, 9,2 per cent and 1,5 per cent respectively during the fourth quarter of 2013.

The unadjusted real GDP at market prices for the fourth quarter of 2013 increased by 2,0 per cent compared with the fourth quarter of 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 2013 increased by 1,9 per cent compared with 2012, when the real annual economic growth rate was 2,5 per cent.

The main contributors to the increase in economic activity in 2013 were finance, real estate and business services (0,5 of a percentage point), the wholesale, retail and motor trade; catering and accommodation industry (0,3 of a percentage point) and the mining and quarrying industry, the transport, storage and communication industry and general government services (each contributing 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 quarter's estimates are released.