Quarterly national accounts - Q1 2024

In the first quarter of 2024 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) increased by 0.3 per cent with respect to the previous quarter and by 0.7% in comparison with the first quarter of 2023.

Compared to previous quarter, final consumption expenditure increased by 0.2 per cent, gross fixed capital formation by 0.5 per cent, imports decreased by 1.7 per cent and exports increased by 0.6 per cent.

With respect to the first quarter of 2023, final consumption expenditure remained stable, gross fixed capital formation increased by 4.0 per cent, imports decreased by 3.4 per cent, and exports increased by 1.9 per cent.

The carry-over annual GDP growth for 2024 is equal to +0.6%.