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Press release

Preliminary estimate of GDP

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In the third quarter of 2020 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) increased by 16.1 per cent with respect to the previous quarter, whereas it decreased by 4.7 per cent over the same quarter of 2019.

The third quarter of 2020 has had four working days more than the previous quarter and one working day more than the same quarter of previous year.

The quarter on quarter change is the result of an increase of value added in agriculture, forestry and fishing, in industry and in services. From the demand side, there are positive contributions by the domestic component (gross of change in inventories) and by the net export component.

The carry-over annual GDP growth for 2020 is equal to -8.2%.

Reference period: Third quarter 2020

Date of Issue: 30 October 2020

Next release: 2 February 2021

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