Gross Domestic Product in 2018 - preliminary estimate
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According to the preliminary estimate, the increase of real gross domestic product (GDP) in 2018 was 5.1% compared with 2017, against 4.8% in 2017 (constant average prices of the previous year).
According to the preliminary estimate the increase of real gross domestic product in 2018 was 5.1%, while in 2017 was 4.8%.
Gross value added in national economy in 2018 increased by 5.0% compared with the previous year, against 4.7% in 2017.
Gross value added in industry in 2018 was 5.5% higher than a year earlier compared with the increase of 5.2% in 2017.
Gross value added in construction in 2018 was 17.0% higher than in the previous year compared with the increase of 6.5% in 2017.
Gross value added in trade and repair in 2018 was 4.8% higher than in the previous year compared with the increase of 4.9% in 2017.
Gross value added in transportation and storage in 2018 was up 9.2% on the previous year compared with the increase of 7.2% in 2017.
Domestic uses in 2018 was 5.3% higher than in 2017, while GDP volume growth rate was 5.1%. In 2017 domestic uses was 4.9% higher, while GDP volume growth rate was 4.8%.
Total consumption expenditure in 2018 increased by 4.3% compared with the previous year, in which consumption expenditure in the households sector rose by 4.5% (in 2017 the growth was 4.5% and 4.9% respectively).
Gross capital formation in 2018 was higher 9.2% on a year earlier, in which gross fixed capital formation increased by 7.3% (in 2017 the increase of 6.2% and of 3.9% was observed respectively). Investment rate (relation of gross fixed capital formation to gross domestic product at current prices) was 18.1% in 2018 while in 2017 was 17.7%.
