New methodology raises GDP-growth figure

Due to the altered methodology required by the European Union's statistics office Eurostat, Slovakia achieved economic growth of 8.8 percent in 2006, the Slovak Statistics Office reported on October 24. The original data showed a lower 8.3-percent growth in gross domestic product (GDP) in 2006. These figures, however, should in no way be compared, the stats office's national accounts and prices section director told SLOVAKIA.

The Statistics Office published its new 2006 growth figure along with revised annual national accounts for 1995-2005, for which new methodology required by the EU and Eurostat and new sources of information were taken into consideration. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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