The Gross Domestic Product for the third quarter amounted to €1,801.3 million, an increase of 4.3 per cent compared to the corresponding period last year, according to provisional estimates published by the National Statistics Office.

The NSO said that, in real terms, GDP went up by 1.9 per cent. In the second quarter it had gone up by 0.9%.

Total final consumption expenditure in nominal terms increased by 3.9 per cent.

In real terms, total final consumption expenditure went up by 1.1 per cent. Gross fixed capital formation increased by €26.1 million in nominal prices, and by 2.2 per cent in real terms.

Both real exports and real imports increased.

Compared to the corresponding quarter last year, the increase in GDP at current prices amounted to €74.6 million, and is estimated to have been distributed into a €38.6 million increase in compensation of employees, a €41.9 million increase in gross operating surplus of enterprises, and a €5.9 million decrease 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 third quarter this year is estimated at €1,662.5 million.