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17-10-26
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INSTAT: Economy increased by 4.02 % in third quarter

TIRANA, December 23/ATA/ The Gross Domestic Product (GDP) in the third quarter of 2022 is estimated to increase by 4.02%, compared to the third quarter of 2021.

The construction and tourism gave the main impact on economic growth with 10% each.

According to the report published today by INSTAT, the activity of agriculture, forestry and fishing increased by 0.22%. The activity of industry, energy and water had a decrease of 1.38%. Construction activity had an increase of 10.66%. The group of trade, transport, accommodation and food service activities had an increase of 9.94%.

Meanwhile, the group of information and communication activities showed an increase of 6.54%. Financial and insurance activity recorded an increase of 7.93%. Real estate activity recorded an increase of 13.84%.

The group of professional activities and administrative services appeared with an increase of 0.53%. The group of public administration, education and health activities showed a decrease of 3.33%. The group of arts, entertainment and recreation, other service activities had an increase of 37.50%. While, the net taxes on products decreased by 1.85%.

In regard to the changes compared to the previous quarter, the Gross Domestic Product indicator is estimated with an increase of 2.33%. /j.p/p.s./

 

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