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Slovakia’s GDP grew by 3% year-on-year in third quarter

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.

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.

Source: TASR

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

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