Gross Domestic Product in 2017 - preliminary estimate
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According to the preliminary estimate, the increase of real gross domestic product (GDP) in 2017 was 4.6 % against 2.9 % in 2016 (constant average prices of the previous year).
Gross value added in national economy in 2017 increased by 4.3 % compared with the previous year against 2.8 % in 2016.
Gross value added in industry in 2017 was 6.2 % higher than a year earlier compared with the increase of 3.6 % in 2016.
Gross value added in construction in 2017 was 11.5 % higher than in the previous year compared with the decrease of 7.2 % in 2016.
Gross value added in trade and repair in 2017 was 6.1 % higher than in the previous year compared with the increase of 4.6 % in 2016.
Gross value added in transportation and storage in 2017 was up 10.9 % on the previous year compared with the increase of 3.7 % in 2016.
Domestic uses in 2017 was 4.7 % higher than in 2016, while GDP volume growth rate was 4.6 %. In 2016 domestic uses was 2.2 % higher, while GDP volume growth rate was 2.9 %.
Total consumption expenditure in 2017 increased by 4.2 % compared with the previous year, in which consumption expenditure in the households sector rose by 4.8 % (in 2016 the growth was 3.4 % and 3.9 % respectively).
Gross capital formation in 2017 was higher 6.4 % on a year earlier, in which gross fixed capital formation increased by 5.4 % (in 2016 the decrease of 1.9 % and of 7.9 % was observed respectively). Investment rate (relation of gross fixed capital formation to gross domestic product at current prices) was 18.0 % in 2017 while in 2016 was 18.1 %.
