GDP growth rate at 5.6% during the first quarter of 2022

The GDP growth rate in real terms during the first quarter of 2022 is positive and it is estimated at 5.8% over the corresponding quarter of 2021, according to the Flash Estimate compiled by the Statistical Service.

Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 5.6%.

The Statistical Service says that the positive GDP growth rate is mainly attributed to the following sectors: "Hotels and Restaurants", "Transport and Storage", "Wholesale and Retail Trade, Repair of Motor Vehicles", "Arts, Entertainment and Recreation" and "Other Service Activities".