Gross Domestic Product in the fourth quarter of 2019. Preliminary estimate
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Gross domestic product (GDP) in the 4th quarter of 2019 was higher by 3.2% on year-on-year comparison against 4.9% in the correspording quarter of 2018 (constant average prices of the previous year).
In the 4th quarter of 2019 seasonally adjusted gross domestic product (GDP) (constant prices, reference year 2010) was higher by 0.3% than in the previous quarter and 3.7% higher than in the 4th quarter of the previous year.
Seasonally unadjusted GDP (constant average prices of the previous year) was higher by 3.2% than in the correspording quarter of the previous year.
In the 4th quarter of 2019 the economic growth came mainly from domestic uses which growth was 2.2% compared to the previous year. It was lower than in the 3rd quarter of 2019 (the growth 3.3%). It resulted from the decrease in gross capital formation by -0.2% (against the increase by 0.4% in the 3rd quarter of 2019). Final consumption expenditure increased by 3.2% and was lower than recorded in the 3rd quarter of 2019 (the increase by 4.0%). Consumption expenditure in the households sector rose by 3.3% and was lower than in the 3rd quarter of 2019 (the growth of 3.9%). The growth rate of gross fixed capital formation was higher than in the 3rd quarter of 2019 and amounted to 4.9% (against 4.7%).
