Private consumption accounts for 49.4% of Q3 GDP – Rosstat

MOSCOW. Dec 30 (Interfax) – Private and state consumption accounted for 68.5% of GDP in the third quarter of 2013, up from 65.1% in Q3 2012, the Federal State Statistics Service (Rosstat) said. Household consumption accounted for 49.4% of GDP in Q3 2013, up from 47.1% a year earlier.

State consumption rose to 18.7% of GDP from 17.5%. In absolute terms, household consumption totaled 8.844 trillion rubles in Q3 2013, up from 7.881 trillion rubles in the same period of 2012. State consumption totaled 3.345 trillion rubles, up from 2.937 trillion rubles.

The share of GDP from gross capital formation declined to 27.3% (4.906 trillion rubles) from 30.3% (5.044 trillion rubles), of which investment – 20.6% (3.687 trillion rubles), down from 21.1% (3.51 trillion rubles) and inventory changes amounting to 6.7% of GDP (1.219 trillion rubles), down from 9.2% (1.535 trillion rubles) and the share of net exports declined to 4.2% of GDP (751.7 billion rubles) in Q3 2013 from 4.6% (759.3 trillion rubles) in Q3 2012. Russian GDP in Q3 2013 amounted to 17.934 trillion rubles, 1.2% more than a year earlier in current prices and 9.3% more than in Q2 2013. The GDP deflator index for Q3 2013 compared with Q3 2012 was 108.4%.