• Statistical Series
• 11. September 2008
• Vol 93, Issue 54
• ISSN: 1670-4665



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In real terms, GDP in the 2nd quarter of 2008 grew by 5% from the same quarter of the previous year. Over the same period total domestic expenditure decreased by 8% in real terms, where household final consumption decreased by 3% and fixed capital formation by 26% while government final consumption, on the other hand, increased by 4%. Exports rose by 25% while imports decreased by 12% in the 2nd quarter of 2008 compared with the same quarter of 2007. This improvement of the balance on trade of goods and services explains the growth in GDP at the same time as total domestic expenditure decreases.