GDP increased in real terms by 2.7% in the second quarter of 2023, as compared to the same quarter of 2022

Continuous annual growth of economic activity has been visible for ten quarters

In the second quarter of 2023, GDP increased in real terms by 2.7%, as compared to the same quarter of 2022.

The first estimate shows that the quarterly value added (GVA) increased in real terms by 2.1% in the second quarter of 2023, as compared to the same quarter of 2022, based on non-adjusted data. The quarterly increase in GVA is visible in most of the activity sections and it was mainly influenced by Financial and insurance activities, Professional, scientific and technical activities, and Administrative and support service activities.

Household consumption increased in real terms by 2.3% in the second quarter of 2023, mainly due to an increase in turnover from service activities.

Government spending increased by 0.3% in real terms in the second quarter of 2023, as compared to the same period of the previous year.

In the second quarter of 2023, the export of goods and services decreased by 1.6% in real terms, while the import of goods and services decreased by 3.6% in real terms.

Additional information can be found in the First Release.

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