Quarterly national accounts
Gross Domestic Product up by 0.7%
- 2nd Quarter 2008
08 September 2008
In the 2nd quarter 2008, Gross Domestic Product increased by 0.7%, decelerating from the precedent quarter (0.9%). This deceleration was associated with domestic demand evolution, whose contribute to GDP growth rate stood at 1.6 percentage points (p.p.) in the 2nd quarter 2008 (2.3 p.p. in the previous quarter), mainly as consequence of the private consumption behaviour. The contribution of net external demand to GDP year-on-year quarterly growth was 0.9 p.p. in the 2nd quarter, less negative than in the previous quarter ( 1.5 p.p.), with a deceleration of Exports and Imports of Goods and Services.