Real GDP grew strongly in the first three quarters of 2017 and continued to surprise on the upside, reaching 7.2%. The external sector, driven by growing services exports, remained the main driver of growth in 2017. Domestic demand was affected by a strong contraction in investment, linked to a high base effect from an extraordinary investment in transport equipment in 2016. Residential construction, by contrast, continued to increase robustly.
|GDP growth (%, yoy)||5,5||6,9||5,6||4,5|
|Inflation (%, yoy)||0,9||1,3||1,5||1,8|