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Press release

Preliminary estimate of GDP - III quarter 2021

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In the third quarter of 2021 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) increased by 2.6 per cent with respect to the previous quarter and by 3.8 per cent over the same quarter of previous year.

The third quarter of 2021 has had three working days more than the previous quarter and the same compared to the same quarter of previous year.

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

The carry-over annual GDP growth for 2021 is equal to 6.1%.

Reference period: Q3 2021

Date of Issue: 29 October 2021

Next release: 31 January 2022