In the 4^th quarter of 2011 seasonally adjusted GDP (constant prices, reference year 2005) was higher by 1.1 % than in the previous quarter and 4.3 % higher than in 4^th quarter of the previous year.

Non-seasonally adjusted GDP (constant average prices of the previous year) was higher by 4.3% than in the corresponding quarter of the previous year. In the fourth quarter of 2011 the economic growth was supported by domestic uses (the impact on GDP growth was 3.4 percentage points). The impact of total consumption expenditure was smaller than in the previous quarters of 2011 and amounted to 0.9 percentage points; the impact of gross capital formation was higher (2.5 percentage points) due to the significant increase of the impact of gross fixed capital formation – to 2.9 percentage points. The positive impact of net exports on the GDP growth remained almost the same as in the third quarter and amounted to 0.9 percentage points.

Seasonally adjusted GDP; constant prices. reference year 2005

Non-seasonally adjusted GDP; constant average prices of the previous year