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Quarterly indicators

In the 4th quarter of 2015, as compared with the 3rd quarter of 2015, GDP at constant prices, according to seasonally adjusted data, decreased by 0.3%. In the 4th quarter of 2015 as compared with the corresponding period of 2014, GDP grew by 2.3% according to seasonally adjusted data, and by 2.7% – according to seasonally non-adjusted data.

Changes of GDP volume

^*) Data on quarter 1 to quarter 3 of 2015 have been revised

Production approach (seasonally unadjusted data, at constant prices)

In 2015, compared with 2014, manufacturing sector grew by 4%, of which manufacture of wood and of products of wood – by 7%, manufacture of computer, electronic and optical products – by 40%, manufacture of furniture – by 14%. Drop of volume in manufacture of food products – of 5% and in manufacture of fabricated metal products – of 4% had a negative impact on manufacturing sector.

In the 4th quarter of 2015, as compared with the 4th quarter of 2014, manufacturing sector grew by 3%.

In 2015 construction production volume decreased by 1%. Drop was recorded in construction of non-residential and residential buildings of 7% and 9%, respectively, as well as in construction of industrial buildings and warehouses – of 6%. There was an increase in construction of civil engineering structures – of 5%, in construction of highways, streets, roads and railway lines – of 6%, as well as in construction of pipelines and cables – of 26%.

In the 4th quarter, as compared with the corresponding quarter of the previous year, construction production volume decreased by 6%.

Retail trade in 2015 grew by 5%, of which retail sale of automotive fuel – by 8%. There was 3% increase in trade of food products and 7% increase – in trade of non-food products.

In the 4th quarter retail trade volume increased by 3%, of which both – retail trade of food products, and retail trade of non-food products grew by 3%.

In 2015 wholesale grew by 1%, and in the 4th quarter increased by 5%.

In 2015 transport sector decreased by 0.1%.  Drop was recorded in passenger traffic – of 2%, and in storage and supporting and auxiliary transport activities – of 1%. Growth of 3% was observed in freight turnover, and of 7% in postal and courier activities.

In the 4th quarter of 2015 as compared with the 4th quarter of 2014 transport sector grew by 3.5%, of which passenger traffic – by 3%, and freight turnover – by 8%.

Volume of entertainment and recreation services in 2015 increased by 5%, of which in gambling and betting sector there was a rise of 11%. In the 4th quarter of 2015 the sector rose by 4%.

GDP growth was also promoted by product taxes, which in 2015 grew by 4%, and in the 4th quarter – by 3%.

Changes of GDP in 2015 by kind of economic activity

Expenditure approach (at current prices, seasonally unadjusted data)

In 2015, compared with 2014, private final consumption grew by 4%. Households' expenditure on transport (expenditure on public transport, purchase and exploitation of transport vehicles) in private final consumption increased by 4%, expenditure on recreation and culture – by 8%, and expenditure on housing and food grew by 1%. Final consumption of households was promoted by both – the drop in prices, and the growth in households' income.

Government final consumption grew by 6%.

Gross fixed capital formation increased by 3%. Gross fixed capital investment in equipment and machinery grew by 12%, in intellectual property and cultivated assets – by 21%; in turn 7% drop was recorded in investment in residential buildings and other buildings and structures. 

Export increased by 2%, of which export of goods – by 1%, and export of services – by 3%.

Import volume grew by 1%, of which import of goods decreased by 0.5%, while import of services grew by 7%.

Changes in expenditure approach items in 2015, at constant prices (as % over the previous year)

Gross Domestic Product by main expenditure item at constant prices (% of the corresponding quarter of the previous year)