Flash estimate of Gross Domestic Product in the first quarter of 2023

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According to the flash estimate, gross domestic product (GDP) in volume terms seasonally unadjusted was lower by 0.2% in the 1st quarter of 2023 year-to-year against 8.8% increase in the corresponding period of 2022

In the 1st quarter of 2023 seasonally adjusted GDP (constant prices, reference year 2015) was higher by 3.9% than in the previous quarter and remained at a similar level recorded in the corresponding period of the previous year.

Seasonally unadjusted GDP (constant average prices of the previous year) was lower by 0.2% than in the corresponding quarter of the previous year.

The data is preliminary and can be subject to revision, in accordance with the revision policy of quarterly national accounts, in the first regular estimate of GDP for the 1st quarter of 2023 which will be released on May 31, 2023.

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