Gross Domestic Product in 2019 Preliminary estimate
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According to the preliminary estimate, the increase of real gross domestic product (GDP) in 2019 was 4.0% compared with 2018, against 5.1% in 2018 (constant average prices of the previous year).
According to the preliminary estimate the increase of real gross domestic product in 2019 was 4.0%, while in 2018 was 5.1%. Based on currently available data, the following volume growth rates of gross value added were estimated:
- gross value added in national economy in 2019 increased by 4.0% compared with the previous year against 5.1% in 2018,
- gross value added in industry in 2019 increased by 4.2% compared with the previous year against 4.6% in 2018,
- gross value added in construction in 2019 increased by 2.8% compared with the previous year against 12.2% in 2018,
- gross value added in trade and repair in 2019 increased by 4.7% compared with the previous year against 4.6% in 2018.
Domestic uses in 2019 was 3.8% higher than in 2018, while GDP volume growth rate was 4.0%. In 2018 domestic uses was 5.3% higher, while GDP volume growth rate was 5.1%.
Total consumption expenditure in 2019 increased by 4.0% compared with the previous year, in which consumption expenditure in the households sector rose by 3.9% (in 2018 the growth was 4.1% and 4.3% respectively).
Gross capital formation in 2019 was higher 3.0% on a year earlier, in which gross fixed capital formation increased by 7.8% (in 2018 the increase of 10.1% and of 8.9% was observed respectively). Investment rate (relation of gross fixed capital formation to gross domestic product at current prices) was 18.8% in 2019 while in 2018 was 18.2%.
