GVA growth rate for the third quarter of 2023 over the corresponding quarter of 2022 is estimated at 4.9%.
The growth is mainly due to:
(i) “Construction » (1.7 percentage points);
(ii) “Accommodation and food service activities » (1.0 percentage point);
(iii) “Agriculture, forestry and fishing » (0.4 percentage point);
(iv) “Transportation and storage » (0.4 percentage point);
(v) “Wholesale and retail trade; repair of motor vehicles and motorcycles » (0.3 percentage point);
(vi) “Information and communication » (0.2 percentage point);
(vii) “Financial and insurance activities » (0.2 percentage point);
(viii) “Professional, scientific and technical activities » (0.2 percentage point); and
(ix) “Art, entertainment and recreation » (0.2 percentage point).
Exports of goods and services further contracted by 0.2%, same as that observed in the previous quarter. The decrease of 0.2% was due to decreases in exports of goods (-12.4%), partly offset by increases in exports of services (3.8%).
