The economy grew by 1.1% in the third quarter of this year compared to the same quarter in 2022, according to a report released Thursday by the National Institute for Statistics, after signaling GDP in mid-October estimated GDP ahead of 0. 2%.

In the period 1.I-30.IX 2023, the gross domestic product increased compared to the period 1.I-30.IX 2022 by 1.4% in gross terms, Statistica also reported, preliminarily estimating the growth for the first 9 months by 1, 1%

Resource categories

The following industries had more significant positive contributions to GDP growth in the period 1.I-30.IX 2023 compared to the period 1.I-30.IX 2022:

• – Agriculture, forestry and fisheries (+0.3%) with a weight of 5.9% in the formation of GDP, the volume of which increased by 5.0%.

• – construction (+0.3%) with a weight of 4.4% in the formation of GDP, the volume of which increased by 7.4%;

• – information and communication (+0.3%) with a weight of 7.2% in the formation of GDP, the volume of which increased by 4.6%;

• – Wholesale and retail trade; repair of motor vehicles and motorcycles; transport and storage; hotels and restaurants (+0.2%), with a share in the formation of GDP of 18.6% and the volume of which increased by 1.2%;

• – Real estate operations (+0.2%) with a weight of 7.2% in the formation of GDP and the scope of which increased by 2.0%;

• – Professional, scientific and technical activities; provision of administrative services and provision of auxiliary services (+0.2%) with a weight of 7.6% in the formation of GDP, the scope of which increased by 3.4%;

• – Performing, cultural and recreational activities; repair of household products and other services (+0.2%) with a weight of 2.9% in the formation of GDP and the volume of activity of which increased by 5.5%;

• – Public administration and defense; social insurance from the state system; education; health care and social assistance (+0.1%) with a weight of 13.2% in the formation of GDP and the scope of which increased by 1.0%.

Taxes on the net product (+0.2%) made a positive contribution to GDP growth, registering an increase in their volume by 2.2%.

The negative contribution (-0.6%) was made by industry with a weight of 21.0% in the formation of GDP, the volume of which decreased by 2.7%.

Categories of use

In terms of GDP usage, the increase was mainly due to:

• – Expenditures for final consumption of households, the volume of which increased by 2.8%, contribution to GDP growth +1.7%;

• – Effective aggregate final consumption of state administrations, the volume of which increased by 6.9%, contributing +0.7% to GDP growth;

• – gross accumulation of fixed capital, the volume of which increased by 10.7%, contribution to GDP growth +2.8%;

A positive impact on GDP growth was recorded by net exports (+1.3%), the consequence of a 0.6% decrease in the volume of exports of goods and services correlated with a more pronounced decrease in the volume of imports of goods and services (-3.2%).