Slovakia’s gross domestic product (GDP) grew by 3 percent year-on-year (y-o-y) in the third quarter of 2011. Compared to the second quarter it grew by 0.8 percentage point, the TASR newswire reported.
“GDP reached €18.286 billion and grew by 4.6 percent y-o-y in current prices,” announced the Statistics Office, as quoted by TASR.
GDP growth was boosted by foreign demand. Exports of goods and services grew by 6.8 percent y-o-y, while the amount of imported services and goods fell by 1.8 percent y-o-y.
On the other hand, GDP growth was depressed by a fall in domestic demand of 4.4 percent y-o-y.
Compiled by Radka Minarechová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
7. Dec 2011 at 10:00