In the first quarter of 2023, the GDP in real terms increased by 2.8% compared to the same quarter of 2022

Economic activity has been showing an annual growth for nine quarters in a row now

In the first quarter of 2023, the GDP in real terms increased by 2.8% compared to the same quarter of 2022.

The first estimate shows that the quarterly gross value added (GVA) increased in real terms by 2.8% in the first quarter of 2023, as compared to the same quarter of 2022, based on non-adjusted data. The quarterly growth is visible in most of the activity sections, but it was mostly affected by the activities of Public administration and defence; compulsory social security, education and human health and social work activities.

The household expenditure in real terms increased by 1.4% in the first quarter of 2023, which was mostly affected by an increase in the turnover from service activities.

In the first quarter of 2023, the general government final consumption expenditure in real terms increased by 2.2% compared to the same quarter last year.

In the first quarter of 2023, the exports of goods and services in real terms grew by 4.8%, while the imports of goods and services in real terms decreased by 0.8%.

Find out more information in the First Release.

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