Gross Domestic Product 2016

  • Statistical Series
  • 9 March 2017
  • Vol 102, Issue 5
  • ISSN: 1670-4770

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The preliminary annual national accounts for 2016 show a 7.2% increase in Gross Domestic Product (GDP) in real terms. In 2015, GDP increased by 4.1% and by 1.9% in 2014. The economic growth in 2016 is mainly driven by a large increase in the gross domestic final expenditure. Despite a large foreign trade surplus in 2016, a higher growth in imports compared to that of exports contributed to a decreased growth in GDP.

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