Quarterly national accounts
Gross Domestic Product up by 0.6%
- 3rd Quarter 2008
09 December 2008
In the 3rd quarter 2008, Gross Domestic Product increased by 0.6% in real terms, 0.1 percentage points (p.p.) lower than in the previous quarter. Domestic demand continued to slowdown, registering a contribution to GDP growth rate of 1.2 p.p. in the third quarter 2008 (1.4 p.p. in the precedent quarter), as consequence of the reduction in investment (growth rate of -1.4%) which more than compensated the acceleration observed in private consumption. The contribution of net external demand to GDP year-on-year quarterly growth was 0.6 p.p. in the 3rd quarter, 0.1 p.p. higher than in the previous quarter, with a deceleration of Exports and Imports of Goods and Services.