Wednesday March 22, 2023 | 5:03 p.m.
The gross domestic product accumulated a rise of 5.2% in the year, according to INDEC. //Photo: Illustrative.
The gross domestic product accumulated a rise of 5.2% in the year, according to INDEC. //Photo: Illustrative.
The Gross Domestic Product (GDP) grew 5.2% last year, reported this Wednesday the National Institute of Statistics and Censuses (Indec).
In addition, the GDP of the fourth quarter of last year was 1.9% higher than that of the same period of 2021, while it was 1.5% below the third quarter of 2022.
#DataINDEC
The gross domestic product (#GDP) grew 1.9% year-on-year in the 4th quarter of 2022 and accumulated a rise of 5.2% in the year pic.twitter.com/byXbb4M8kB— INDEC Argentina (@INDECArgentina) March 22, 2023
INDEC reported that during the fourth quarter of last year there was an increase of 0.1% in the gross formation of fixed capital, while private consumption grew 5.1%, public sector consumption fell 2.1 %, and exports of real goods and services registered an increase of 8.6%.
In seasonally adjusted terms, with respect to the third quarter of 2022, imports fell 8.6%, private consumption registered a decrease of 1.5%, public sector consumption fell 0.3%, exports rose 8.7% and the gross formation of fixed capital registered a decrease of 7.2%.
