The growth in GDP during last year can mainly be explained by 11% growth in exports (and considerably more if export of aircraft is included, or 18%) and by 4.4% growth in household final consumption. At the same time fixed capital formation declined by 14.8% and imports by 1.4%. This development is quite different from previous four years when the growth in GDP was driven by growth in household final consumption and fixed capital formation.
Unchanged terms of trade from previous year together with improvements on the balance on current account led to a higher growth in Gross National Income (GNI) than in GDP in 2007, or 6.7% after 1.6% growth in the year before.
Gross Domestic Product 2007 - Statistical Series
Statistics