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Press release

Preliminary estimate of GDP

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In the second quarter of 2021 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) increased by 2.7 per cent with respect to the previous quarter and by 17.3 per cent over the same quarter of previous year.

The second quarter of 2021 has had one working day more than both the previous quarter and the same quarter of previous year.

The quarter on quarter change is the result of an increase of value added in industry and services, whereas that in agriculture, forestry and fishing remained stable. From the demand side, there is a positive contribution by both the domestic component (gross of change in inventories) and the net export component.

The carry-over annual GDP growth for 2021 is equal to 4.8%.

Reference period: Second quarter 2021

Date of Issue: 30 July 2021

Next release: 29 October 2021

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