GDP increased in real terms by 3.9% in the third quarter of 2024, as compared to the same quarter of 2023

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

In the third quarter of 2024, GDP increased in real terms by 3.9%, as compared to the same quarter of 2023.

The first estimate shows that the quarterly gross value added (GVA) increased in real terms by 3.7% in the third quarter of 2024, as compared to the same quarter of 2023, based on non-adjusted data. The quarterly increase in GVA is visible in all activity sections and it was mainly influenced by Wholesale and retail trade, Transportation and storage, Accommodation and food service activities and Construction.

Household consumption increased in real terms by 5.5 % in the third quarter of 2024, mainly due to an increase in turnover from retail trade.

Government spending increased by 5.3 % in real terms in the third quarter of 2024, as compared to the same period of the previous year.

In the third quarter of 2024, the export of goods and services increased by 1.5% in real terms, while the import of goods and services by 4.1% in real terms.

Additional information can be found in the First Release.

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