GDP rose by 2.1% in the third quarter of 2023 compared to the corresponding quarter of 2022, while between the third and second quarter there was a marginal increase of 0.02%.

In the first quarter of 2023, GDP had risen by 1.9% year-on-year and by 0.1% quarter-on-quarter, and in the second quarter there had been an increase of 2.6% and 1.1%, respectively.

According to ELSTAT’s data for the quarterly national accounts, the 2.1% increase came from the following changes:

*The total final consumption expenditure showed an increase of 1%.

*Private investment (gross fixed capital investment) increased by 4.9%.

*Exports of goods and services showed an increase of 1% (exports of goods decreased by 1.1%, while exports of services increased by 2.9%).

*Imports of goods and services increased by 2.9% (imports of goods increased by 3.4% and imports of services increased by 0.8%).

While, between the third and second quarter of 2023 there were the following changes:

*Total final consumer spending decreased 0.5%.

*Private investment (gross fixed capital investment) decreased by 1.8%.

*Exports of goods and services decreased by 0.7% (exports of goods increased by 0.3%, while exports of services decreased by 0.8%).

*Imports of goods and services showed an increase of 2% (imports of goods increased by 3.1%, while imports of services decreased by 2.1%).