Gross Domestic Product for the Third Quarter of 2023 (preliminary data)

In the third quarter of 2023, Gross Domestic Product (GDP) grew by 1.8% and Gross Value Added (GVA) - by 0.9% compared to the third quarter of 2022 (data are preliminary and seasonally adjusted).

The increase in Gross Value Added is determined by the growth in the following economic activities:

Mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply, waste management and remediation activities - 2.9%, Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities - 2.1%, Financial and insurance activities - 1.7%, Public administration and defence; compulsory social security; education; human health and social work activities - 1.4%, Information and communication - 0.6%, Construction - 0.5%, Professional, scientific and technical activities; administrative and support service activities - 0.3%.

A decline in Agriculture, forestry and fishing was registered - by 5.7%, and in Arts, entertainment and recreation, repair of household goods and other services - by 1.8%.

Regarding the expenditure components of GDP, contributors to the registered positive economic growth are the Final consumption, with a growth of 4.3% and gross fixed capital formation increased by 9.6%.

According to the seasonally adjusted data, in the third quarter of 2023, exports of goods and services decreased by 3.1%, and the imports of goods and services dropped by 5.5% compared to the third quarter of 2022.