In the fourth quarter of 2023, GDP increased by 4.3% in real terms compared to the same quarter of 2022

The annual growth of economic activity has been present for twelve quarters

In the fourth quarter of 2023, GDP increased in real terms by 4.3% 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 fourth quarter of 2023 compared to the same quarter of 2022, based on non-seasonally adjusted data. The quarterly growth of GVA was recorded in most activity groups and it was mostly influenced by Wholesale and retail trade, transportation and storage, accommodation and food service activities, and Construction.
 
Household consumption increased in real terms by 5.3%, mainly due to an increase in turnover from retail trade.
 
Government spending increased by 0.2% in real terms in the fourth quarter of 2023, as compared to the same period of the previous year.
 
In the fourth quarter of 2023, the export of goods and services decreased in real terms by 4.4% and the import of goods and services by 7.1%.
 
Additional information can be found in the First Release.

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