Home / Knowledge / News / Economic trends in 2007
Economic trends in 2007
Jan '08
All data on economic trends in 2007 that are included in this communication are estimated on the basis of the available and hitherto published data. The presented indicators do not include data on Kosovo and Metohia.

The most significant macroeconomic aggregate, gross domestic product, presents the measure of total economic activity of all resident institutional units and it includes production of material goods and all types of services, i.e. the services referring to material production as well as all non-material services. The calculations of gross domestic product that are shown here are mutually comparable.

It was estimated that total economic activity in 2007, measured by gross domestic product and expressed at constant 2002 prices, increased by 7.5 % in comparison to the previous year.

The greatest increase was noted in the following sections: transport, trade. Activities of all other sections also increased, but considerably less, excluding agriculture and government sector that noted a decrease in 2007.

Industrial production continued to have the increasing trend in 2007, with the increase of 4.6%. The greatest increase was noted in manufacturing and it was 5.4 %. It was estimated that fall of agricultural production in 2007 was 8.1 %, which appeared to be the consequence of the drought in 2007.

Retail trade continued to increase, with the growth of 22.8%, while increase of wholesale trade was somewhat slower and it amounted to 16.2 %.

Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search