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Gross domestic product (GDP) - Methodology
Gross domestic product (GDP)
is the key indicator of the economic development. It represents the sum of values added by all branches of activities which are considered productive in the system of national accounts (including market and non-market services). Calculations are made at current prices and results are then converted into constant prices so that development excluding influences due to price changes can be kept track of.
Increase (or decrease) of GDP in constant prices
shows by how many % it increased (or decreased) in real terms during surveyed quarter against the same quarter of the previous year.
Gross domestic product
y-o-y increase/decrease in %, 1st quarter of 2013: -1,9
Release Date: 15 May 2013