Spending, investment up in Russian Q3 GDP
MOSCOW. Dec 29 (Interfax) - Spending on final consumption as a share of GDP in Russia rose 1.5 percentage points to 66.3% in Q3 2012, from 64.8% in Q3 2011, the Federal State Statistics Service (Rosstat) said.
Household consumption grew to 48.7% from 47.8% of GDP, and government spending to 17.4% from 16.6%. Spending by commercial organizations that service households fell to 0.2% from 0.4%.
Household consumption in absolute terms grew to 7.913 trillion rubles in Q3 2012, from 7.014 trillion rubles a year previously, and government spending to 2.789 trillion rubles from 2.443 trillion rubles.
Gross capital formation rose to 29.0% (4.703 trillion rubles) from 28.6% (4.208 trillion rubles) of GDP, of which investment to 21.1% (3.421 trillion rubles) from 13% (1.523 trillion rubles), while inventory fell to 7.9% (1.282 trillion rubles) from 8.4% (1.23 trillion rubles).
Net exports grew fell 6.6% (977 billion rubles) to 4.7% (773 billion rubles).
GDP in current prices was 15.949 trillion rubles in Q3 2012. It grew 2.9% year-on-year in real terms. The GDP deflator was 107.6%.
The Russian Economic Development Ministry forecasts 3.5% GDP growth in 2012. The economy grew 3.9% in January-September.
