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

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

In the first quarter of 2024, the GDP in real terms increased by 3.9% compared to the same quarter of 2023
 
The first estimate shows that, based on non-adjusted data, the quarterly gross value added (GVA) increased in real terms by 3.5% in the first quarter of 2024, as compared to the same quarter of 2023. The increase in GVA is visible in most activity sections, which was mainly influenced by Wholesale and retail trade, Transportation and storage, Accommodation and food service activities, and Construction activities.
 
The household expenditure in real terms increased by 6.0% in the first quarter of 2024, which was mainly affected by the increase in the turnover from retail trade.
 
In the first quarter of 2024, the general government final consumption expenditure in real terms increased by 1.0% compared to the same quarter last year.
 
In the first quarter of 2024, the exports of goods and services in real terms decreased by 2.0%, while the imports of goods and services in real terms increased by 2.2%.
 
Find out more information in the First Release.

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