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

In the first quarter of this year, GDP recorded a 1.9% increase on an annual basis and a 0.1% increase on a quarterly basis, and in the second quarter, there was an increase of 2.6% and 1.1%, respectively.

According to ELSTAT's quarterly national accounts data, the 2.1% increase resulted from the following changes:

• Total final consumption expenditure increased by 1%
• Private investments (gross fixed capital formation) increased by 4.9%
• Exports of goods and services increased by 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%)

Meanwhile, between the third and second quarters of this year, the following changes occurred:

• Total final consumption expenditure decreased by 0.5%

• Private investments (gross fixed capital formation) 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 increased by 2% (imports of goods increased by 3.1%, while imports of services decreased by 2.1%)