The economy posted its seventh consecutive quarter of growth, as gross fixed capital formation expanded by 3.1 percent (+0.8 percent in Q3). By contrast, government spending contracted by 0.4 percent (+0.4 percent in Q3) and household consumption showed no growth (0.0 percent in Q3). Net external demand continued to weigh on growth, as exports of goods and services grew 1.7 percent (+0.7 percent) while imports rose at a faster 2.2 percent (+1.3 percent in Q3)
Year-on-year, the economy advanced by 1.6 percent, down from an upwardly revised 2.0 percent in the previous quarter. It was the lowest growth rate since the fourth quarter of 2014. An expansion was seen for: investments (+9.6 percent from +10.2 percent in Q3), household (+1.2 percent from +1.8 percent) and government consumption (+0.3 percent from +0.6 percent). Net external demand continued to drag the growth down, as exports increased by 6.4 percent (+4.4 percent in Q3) while imports rose at a faster 8.6 percent (+5.8 percent in Q3).
Considering full 2015, GDP advanced 2.0 percent, accelerating from 1.0 percent in 2014, as investment increased by 10.3 percent (+3.5 percent in 2014) and household consumption expanded by 1.1 percent after showing no growth in the previous year.