Compared to IV quarter 2016, the real GDP change, seasonally and calendar adjusted, stood at 1.4%. Compared to the same quarter of 2016, the real GDP change, seasonally and calendar adjusted, stood at 4.1% (unadjusted – 3.9%).
As for GDP estimated by production approach, in I quarter 2017, against the previous period, seasonally and calendar adjusted, the fastest growth was observed in the value added generated by the enterprises engaged in the following activities: mining and quarrying, manufacturing, electricity, gas, steam and air conditioning supply, water supply, sewerage, waste management and remediation activities – 3.3% (manufacturing – 4.8 %), wholesale and retail trade, repair of motor vehicles and motorcycles, transportation and storage, accommodation and food service activities – 0.1%. The growth rate was slowed down by the decrease in the value added generated by enterprises engaged in information and communication (minus 4.3%) and professional, scientific and technical activities, administrative and support service activities (minus 3.6%).
As for GDP estimated by expenditure approach, in I quarter 2017, against the previous quarter, seasonally and calendar adjusted, final household consumption expenditure increased by 3.1, general government expenditure – 0.3%. Gross fixed capital formation, which was on an increase in IV quarter 2016 (4.1%), decreased by 1.1%. Exports of goods and services increased by 3, imports – 7.7%.
Real GDP changes have been estimated using a chain-linking method which enables the elimination of the influence of price changes.
Values of and changes in GDP and its components depend on the different seasons of the year; therefore, changes used for the comparison of GDP and its components for different periods are seasonally and calendar adjusted.
