Gross Domestic Product 2012 - Revision


  • Statistical Series
  • 06. September 2013
  • Vol 98, Issue 29
  • ISSN: 1670-4665


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The revised annual national accounts for 2012 show a 1.4% increase in Gross Domestic Product (GDP) in real terms. In 2011, GDP increased by 2.7% but decreased by 4.1% in 2010. This revision can be compared with the provisional data from March 2013 where GDP for 2012 was estimated to have increased by 1.6%. The downward revision is due to less domestic expenditure and less exports but more imports than was estimated in March.

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