GDP up by 3.8%
The National Statistics Office reported that real Gross Domestic Product rose by 3.8 per cent in 2007, reaching €5.4 billion (Lm2.3 billion). In nominal terms, it increased by 3.8 per cent. Gross National Income at market prices went up by 8.1 per...
The National Statistics Office reported that real Gross Domestic Product rose by 3.8 per cent in 2007, reaching €5.4 billion (Lm2.3 billion). In nominal terms, it increased by 3.8 per cent.
Gross National Income at market prices went up by 8.1 per cent.
During 2007, using the production approach, growth in value added was generated primarily by service activities: remote gaming activities; real estate, renting and business activities; transport, storage and communication; hotels and restaurants; and public administration and health.
Increases were also registered in agriculture, electricity and water supply, due to the rising oil prices, and in financial intermediation, in particular international banking institutions due to increases in other operating expenses.
The expenditure approach showed that gross capital fixed formation at constant prices remained practically unchanged overall, with a drop in equipment offset by an increase in housing construction of nearly 28 per cent.
Real exports and real imports of goods and services went down.
Using the income approach, the annual increase in GDP at current prices, amounting to €310.8 million (Lm133.4 million) is estimated to have been distributed into a €95.3 million (Lm40.9 million) rise in compensation of employees, a €191.5 million (Lm82.2 million) increase in gross operating surpluses of enterprises, and a €24 million (Lm10.3 million) addition in net taxation on production and imports.
Gross National Income at market prices went up by 8.1 per cent.
During 2007, using the production approach, growth in value added was generated primarily by service activities: remote gaming activities; real estate, renting and business activities; transport, storage and communication; hotels and restaurants; and public administration and health.
Increases were also registered in agriculture, electricity and water supply, due to the rising oil prices, and in financial intermediation, in particular international banking institutions due to increases in other operating expenses.
The expenditure approach showed that gross capital fixed formation at constant prices remained practically unchanged overall, with a drop in equipment offset by an increase in housing construction of nearly 28 per cent.
Real exports and real imports of goods and services went down.
Using the income approach, the annual increase in GDP at current prices, amounting to €310.8 million (Lm133.4 million) is estimated to have been distributed into a €95.3 million (Lm40.9 million) rise in compensation of employees, a €191.5 million (Lm82.2 million) increase in gross operating surpluses of enterprises, and a €24 million (Lm10.3 million) addition in net taxation on production and imports.