GDP up by 5% in Q1 yoy

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The Gross Domestic Product (GDP) grew by 5% in Q1 this year as compared with the same period last year, and by 1.3% against the previous quarter, the National Institute of Statistics (INS) informs on Wednesday.

As seasonally adjusted series, in the first three months of this year, the GDP advanced by 5.1%.

“Following the revision of the gross series by including the Gross Domestic Product estimate for the first quarter of 2019 in the quarterly series, the seasonally adjusted series were recalculated, with volume indices being revised against the second interim version of the economic growth for Q4 2018. Thus, the results of Q2 2018, as compared with the previous quarter, were revised from 101.3% to 101.2%, the results of Q3 2018 compared to Q2 2018 were revised from 101.4% to 101.5%, the results of Q4 2018 compared to Q3 2018 were revised from 100.9% to 101.0%. The seasonally adjusted series are recalculated quarterly as a result of changes in the models adopted, the change in gross series and the number of available observations,” INS informs.

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