The estimated real Gross Domestic Product (GDP) growth rate in February 2018 amounted to 5.5 percent y-o-y. The estimated real GDP average growth equaled 4.9 percent for January-February 2018 y-o-y. According to Geostat in February 2018 the estimated real GDP growth, compared to the same period of the previous year, was registered in the following activities: Manufacturing, Other community, social and personal service activities, Real estate and Trade.
Geostat produces monthly rapid estimations of real GDP growth rate using administrative data on VAT taxpayers’ turnover. fiscal and monetary statistics. The compilation of rapid estimates is an internationally adopted practice to obtain preliminary monthly growth rate of real GDP. For those sectors. where preliminary monthly data do not exist (e.g. agriculture. non-observed economy etc.). the estimations are based on the data for previous periods. Furthermore. the data on VAT taxpayers’ turnover for the previous months might be updated on a monthly basis. resulting in corresponding adjustments of real GDP growth rate estimates.
