31
May
31 May 2023
GDP increased by 7% in the first quarter of 2023
Gross domestic product (GDP) is estimated to have increased by 7% in volume in the first quarter of 2023 compared with the same period last year. Gross domestic final expenditure increased by 4.5% in volume during the quarter, where household final consumption expenditure increased by 4.9% and government final consumption expenditure by 1.7% while gross fixed capital formation is estimated to have decreased by 0.1%.