On the expenditure side, private consumption grew 0.01 percent, slowing sharply from a 3.53 percent in the September quarter. Government spending rose 41.30 percent, surging from a 9.26 percent expansion in the preceding quarter. Private non-profit spending also expanded by 2.75 percent, after registering a 4.33 percent rise in the previous three months. Investment advanced by 5.01 percent, accelerating from a 3.51 percent. Exports fell by 1.85 percent from a 0.02 percent contraction while imports rose 5.70 percent, as compared to a 4.20 percent contraction in the third quarter.
On the production side the agriculture and forestry sector contracted the most by 23.34 percent, followed by wholesale and retail trading (-1.45 percent) and mining and quarrying (-0.23 percent). In contrast, public administration and defence; compulsory social security grew the most by 10.87 percent, followed by education (+9.45 percent), human health and social work activities (+7.26 percent), construction (+6.39 percent), electricity and gas (+5.92 percent), financial & insurance (+3.59 percent), accommodation anf dood service (+2.05 percent), other services (+1.99 percent), business activities (+1.73 percent), information and communication (+1.71 percent), transportation & storage (+1.49 percent), real estate (+0.73 percent), manufacturing 0.43 percent) and water supply and waste management (+0.25 percent).
Year-on-year, the economy advanced by 5.04 percent, following an upwardly revised a 4.74 percent expansion in the third quarter of 2015.
Considering full year of 2015, the GDP grew by 4.79 percent, fractionally above expectations of 4.75 percent expansion but marking the slowest growth since 2009.