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Press release

Preliminary estimate of GDP - I quarter 2022

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In the first quarter of 2022 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) decreased by 0.2 per cent with respect to the previous quarter and increased by 5.8 per cent over the same quarter of previous year.

The first quarter of 2022 has had one working day less with respect to the previous quarter and one more compared to 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, a decrease in that of services and a stationarity in industry. From the demand side, there is a positive contribution by the domestic component (gross of change in inventories) and a negative one by the net export component.

The carry-over annual GDP growth for 2022 is equal to 2.2%.

Reference period: Q1 2022

Date of Issue: 29 April 2022

Next release: 29 July 2022

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