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Geostat Publishes 2016 GDP Growth Final Indicators

Geostat Shares Rapid Estimates of Economic Growth

The estimated real Gross Domestic Product (GDP) growth rate in May 2018 amounted to 7.5 percent y-o-y.

An average estimated real GDP growth equaled 6.1 percent for the first five months of
2018 y-o-y.

In May 2018 the estimated real growth, compared to the same period of the previous year, was
posted in the following activities: Transport, Manufacturing, Trade, Financial intermediation, Hotels and
Restaurants.

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.