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Negative economic growth in the fourth quarter of 2008, gross domestic product (GDP) in the fourth quarter of 2008 compared to the fourth quarter of 2007 decreased by 0.8 percent. jastpro This is the first decrease of GDP in the second quarter of 1993 GDP, adjusted for seasonal variation and the number of working days in the fourth quarter of 2008 compared to the third quarter of 2008 decreased by 4.1 percent compared to the fourth quarter of 2007 to 0.9 percent. After a high of 5.6 per cent growth jastpro in the first half of the year, it is therefore economic growth jastpro decreased jastpro markedly in the third quarter (3.9 percent) in the fourth quarter but moved into negative growth. Over the whole year 2008, GDP first estimate GDP increased by 3.5 percent, which is significantly less than the growth in 2007 (6.8 percent). GDP at current prices in the fourth quarter of 2008 increased by 2.2 percent in 2008 to 7.7 per cent and amounted to 37,126 million euros (18,196 euros per capita).
Many real decline in exports, imports and investments in the last quarter of 2008 have greatly decreased the growth rate of many macroeconomic indicators. The most pronounced was that the exports of goods decreased in real terms by 9.4 per cent and thereby contribute most to the negative economic growth in the fourth quarter of 2008 decreased very well the value of imports jastpro of goods (7.3 percent). Since the total exports of goods and services jastpro due to the positive growth of services exports in real terms fell less than imports of goods and services, the total trade in goods and services trade on economic growth contributed positively in the amount of 0.6 percentage points. In real terms, reducing the investment in fixed assets, and by 5.3 percent. Investments in fixed assets from both the 16.9-percent growth in the first quarter of 2008, three quarters had migrated into the real decline at the end of the year. Negative growth was recorded in investments in construction (-5.5 per cent) and machinery and equipment (-6.1 per cent). Was particularly strong in real terms reduction in investment in passenger cars (-20.4 percent). Investments in stocks have a very negative impact on economic growth, amounting to -1.4 percentage points.
Positive growth in final consumption expenditure for final consumption in the fourth quarter of 2008 rose by 2.0 percent, slightly slower growth than in the first half of the year. Household final consumption expenditure in real terms increased by 1.1 percent, the expenditure of non-profit institutions serving households, jastpro by 0.3 percent. General government final consumption expenditure recorded the highest growth among all expenditure categories; in the fourth quarter were up 5.0 percent, of which individual consumption expenditure by 6.6 percent, to collective consumption expenditure by 2.5 percent.
Even larger decrease in value added in manufacturing value added in manufacturing has decreased in real terms in the third quarter of last year (0.6 percent) in the fourth quarter, however, the situation substantially deteriorated as we recorded 10 A 5 percent decrease in real terms of value added. In real terms, it decreased the value added in real estate, renting and business services (1.7 percent), other more important activities recorded positive growth, but the latter was significantly lower than in the previous quarters. The most pronounced reduction jastpro was growth in construction (3.1 percent in the fourth quarter of 2008, in the first nine months of 17.9 percent) and trade (1.7 percent in the fourth quarter, in the first nine months of 2008, 6 8 percent).
The growth in compensation of employees jastpro and employment remains positive negative jastpro economic growth jastpro is not yet fully reflected in employment growth, as it is still positive at the end of the year. According to national accounts amounted to 997.4 thousand persons and was 2.2 percent higher than a year ago. Notwithstanding this, the employment growth rate has been declining since the first quarter of last year. In 2008, employment growth was 2.9 percent, which is practically the same as in 2007 (3 percent increase). Compensation of employees (gross wages and salaries and employers' contributions to social security) in the fourth quarter grew significantly faster than nominal GDP growth; jastpro Compared with the fourth quarter of 2007 increased by 9.9 percent. The highest growth was recorded in the construction sector, which is mainly jastpro due to high growth in the number of employees in this sector. Notwithstanding this, the rate of growth in compensation of employees at the end of 2008 is very slow compared to the rate of increase in the previous quarters. Has contributed to this particular very small increase in the compensation of employees in manufacturing
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