Nominal gross national income (GNI) in the first quarter of 2004 increased by 8.3 percent compared with the same period of the previous year. Real gross national income, which represents the real purchasing power of national income, increased by 4.6 percent year-on-year.

 

 

GDP deflator in the first quarter of 2004 rose by 3.0 percent compared with the same period of the previous year. Domestic demand deflator, which represents the overall domestic price level, increased by 3.5 percent year-on-year. The deflator of exports of goods and services rose by 3.1 percent and that of imports increased by 3.2 percent.

 

 

Gross saving ratio (Gross saving/Gross national disposable income) registered 31.5 percent in the first quarter of 2004, which is 3.5 percent point higher than the ratio in the same period of the previous year. Gross domestic investment ratio (Gross capital formation/GNDI) recorded 26.4 percent, which is 1.5 percent point lower than a year ago.

 

 

Seasonally adjusted nominal GNI in the first quarter of 2004 showed an increase of 2.5 percent over the previous quarter and seasonally adjusted real GNI increased by 0.4 percent.