The Gross Domestic Product (GDP) for the second quarter this year amounted to €2,116.1 million, an increase of 7.3 per cent over the same period last year, according to provisional figures published by the National Statistics Office.

The NSO said that the GDP in real terms went up by 5.2 per cent.

Total final consumption expenditure in nominal terms increased by 4.5 per cent. In real terms, total final consumption expenditure increased by 3.4 per cent.

Gross fixed capital formation increased by €116.8 million in nominal prices and by 24.3 per cent in real terms.

There was a drop in both real exports and imports.

Compared to the corresponding quarter last year, GDP at current prices went up by €144 million, and is estimated to have been distributed into a €30.4 million increase in compensation of employees, a €107.3 million increase in gross operating surplus of enterprises, and a €6.2 million increase in net taxation on production and imports.

Considering the effects of income and taxation paid and received by residents to and from the rest of the world, gross national income at market prices for the second quarter was estimated at €2,196.5 million.