Gross Domestic Product 2016 Revision

  • Statistical Series
  • 8 September 2017
  • Vol 102, Issue 16
  • ISSN: 1670-4770

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The revised annual national accounts for 2016 show a 7.4% increase in Gross Domestic Product (GDP) in real terms. In 2015 GDP increased by 4.7% and by 3.3% in 2014. The economic growth in 2016 is mainly driven by an 8.9% increase in the gross domestic final expenditure, the largest increase since 2006. Despite a large foreign trade surplus in 2016, a higher growth in imports compared to that of exports contributed to a decreased growth in GDP

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