Q:
A:
Real growth of GDP in first quarter 01.%
Belgrade,
30 June 2014
The Statistical Office of the Republic of Serbia stated today that the real GDP growth in the first quarter of 2014, compared to the same period of the previous year, amounted 0.1%.
According to seasonally adjusted GDP data, the economic performance decreased by 0.3% in the first quarter of 2014, as compared to the previous quarter.
Observed by activities, in the first quarter of 2014, compared to the same quarter of the previous year, a significant real growth in the gross value added was noted as follows: the section of information and communication – 5.1%, the section of transportation and storage – 2.7%, and the section of manufacturing – 1.6%.
A significant fall in the gross value added was recorded in the section of construction – 7.8%, the section of financial and insurance activities – 3.7% and the section of wholesale and retail trade; repair of motor vehicles and motorcycles – 2.0%.
Observed by expenditure aggregates, in the first quarter of 2014, compared to the same quarter of the previous year, real growth was noted as follows: the exports of goods and services – 14.2%, the import of goods and services – 3.2% and the non-profit institutions serving households (NPISH) final consumption expenditure – 1.6%.
A real drop was noted in the following aggregates: gross fixed capital formation – 6.3%, the household final consumption expenditure – 2.1% and the general government final consumption expenditure – 2.1%.
Observed by activities, in the first quarter of 2014, compared to the same quarter of the previous year, a significant real growth in the gross value added was noted as follows: the section of information and communication – 5.1%, the section of transportation and storage – 2.7%, and the section of manufacturing – 1.6%.
A significant fall in the gross value added was recorded in the section of construction – 7.8%, the section of financial and insurance activities – 3.7% and the section of wholesale and retail trade; repair of motor vehicles and motorcycles – 2.0%.
Observed by expenditure aggregates, in the first quarter of 2014, compared to the same quarter of the previous year, real growth was noted as follows: the exports of goods and services – 14.2%, the import of goods and services – 3.2% and the non-profit institutions serving households (NPISH) final consumption expenditure – 1.6%.
A real drop was noted in the following aggregates: gross fixed capital formation – 6.3%, the household final consumption expenditure – 2.1% and the general government final consumption expenditure – 2.1%.
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