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GDP up 9.5% in third quarter

Increase of €281 million compared to previous year

File photo.

File photo.

Gross Domestic Product for the third quarter of 2018 increased by 9.5 per cent compared to the corresponding period last year, according to provisional estimates. 

GDP amounted to €3,252.6 million, an increase of €281 million compared to the previous year.

In real terms, GDP went up by 7.5 per cent.

Gross Value Added increased by €218.4 million when compared to the same quarter last year. GVA is the net result of output valued at basic prices less intermediate consumption valued at purchasers’ prices.

This increase was mainly generated by professional, scientific and technical activities, administrative and support service activities, which increased by €49.4 million or 12.7 per cent.

Arts, entertainment and recreation, repair of household goods and other services, increased by €48.3 million.

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