This chart shows the % of change per quarter, year-on-year, for 3 components of GDP (real) :
-Gross Fixed Capital Formation (new investments)
Plus the growth rate of GDP (real).
-Nominal GDP is the sum value of all produced goods and services at current prices.
-Real GDP is the sum value of all produced goods and services at constant prices (1988).
All datas are coming from NESDB.
-Private consumption remains weak : at +1,6 % on Q4, compare to Q4 2006.
-Investments : we can see an improvement, but after 2 very bad quarters (Q1 and Q2). Overall, the level on 2007 stayed low compare to previous years. So it’s too early to speak about a sign of recovery.
It could be just a catching-up effect, after a continuous decline since Q2 2005.
-Government expenses : the big winner ! It’s an explosion, nothing less (+16 % on Q4, compare to Q4 2006, and even a sharp increase compare to Q3 2007).
-Growth rate of GDP reached 5,7 % on Q4 2007. We can see clearly the boost effect of government’s consumption and investments (along with a boost of exports).