On the production side, agriculture recorded the highest annual growth rate (22.2 percent) due to the excellent harvest. The gross value added of industry increased by 3.3 percent, as manufacturing expanded 5.1 percent and construction rose by 10.4 percent, mainly construction of buildings and civil engineering works. Services output increased by 1.3 percent yoy.
On the expenditure side, household consumption increased by 1.0 percent yoy as expenditure on transport, accommodation, recreation and culture, food as well as housing, water, electricity, gas and other fuels increased.
Gross fixed capital formation rose at a higher rate than in the previous quarter (10.4 percent). Both construction investments and investments in machinery and equipment rose at rates exceeding 10 percent.
The volume of exports rose at a higher rate than that of imports (8.8 percent and 7.6 percent respectively).
On a quarter-on-quarter seasonally adjusted basis, the GDP expanded 0.5 percent in the fourth quarter of 2013, down from a preliminary 0.6 percent estimate.
Considering 2013 as a whole, the economy expanded 1.1 percent, recovering from a 1.7 percent contraction in 2012, boosted by agriculture and construction output.