In the third quarter of 2022, GDP 5.2% higher in real terms than in the same quarter of 2021

Since the first quarter of 2021, the economic activity has shown a continuous upward trend

In the third quarter of 2022, GDP was 5.2% higher than in the same quarter of 2021. When observing the third quarter over the years, this year was marked by the highest level of real GDP in the last twenty years.

The first estimate shows that the quarterly gross value added (GVA) increased in real terms by 5.3% in the third quarter of 2022, as compared to the same quarter of 2021, based on non-seasonally adjusted data. The quarterly growth in GVA was recorded in all groups of activities and it was mostly influenced by Wholesale and retail trade, Transportation and storage, and Accommodation and food service activities.

Household consumption increased in real terms by 5.6% in the third quarter of 2022, mainly due to an increase in turnover from catering services, transport services and retail trade.

Government spending increased by 1.3% in real terms in the third quarter of 2022 compared to the same period of the previous year.

In the third quarter of 2022, the export of goods and services recorded a growth in real terms, of 23.3%, while the import of goods and services recorded a growth of 30.5% in real terms.

Additional information can be found in the First Release.
 

News