As compared to the previous quarter, GDP went up by 0.2 % (according to seasonally and calendar adjusted data at constant prices).
In the 3rd quarter GDP at current prices was EUR 10.6 billion.
Data compiled by the Central Statistical Bureau (CSB) show that in the nine months of 2023, as compared to the same period of 2022, GDP at current prices has increased by 5.5 % and comprised EUR 29.9 billion, however, at constant prices GDP fell by 0.6 %.
In the 3rd quarter of 2023, compared to the corresponding period of the previous year, total household expenditure decreased by 1.3 %. Volume of food products purchased both in retail sale and in e-environment has reduced by 2.1 %. Expenditure on housing, water, electricity, gas and other fuels has decreased by 3.4 %. Households spent 4.6 % more on transport (public transport, purchase and exploitation of transport vehicles).
Government final consumption expenditure grew by 7.7 %.
Investment in gross fixed capital formation rose by 3.1 %, of which investment in dwellings, other buildings and structures has grown by 16.0 %. In turn, investment in machinery and equipment (of which in transport vehicles) reduced by 7.1 % and investment in intellectual property products (research, computer software, databases, copyrights, etc.) – by 1.4 %.
Exports of goods and services fell by 11.8 %, of which exports of goods by 14.7 %, but exports of services – by 4.0 %. Imports of goods and services decreased by 8.3 %, of which imports of goods – by 9.5 % and imports of services – by 1.9 %.
Compared to the 3rd quarter of 2022, in the 3rd quarter of 2023 compensation of employees increased by 11.6 %, of which total wages and salaries by 11.9 % and employers' social security contributions by 10.4 %.
