• Statistical Series
• 04. November 2024
• Vol 109, Issue 7
• ISSN: 1670-4770



• Download PDF

Gross domestic product (GDP) is expected to increase by 0.1% this year. According to national accounts, GDP contracted by 1.9% in the first half of the year, driven by negative impacts from foreign trade and inventory changes, partly due to a shock in marine exports. The largest contraction was in the first quarter, but growth is expected in the second half of the year, with a turnaround in foreign trade and moderate growth in private consumption. In 2025, 2.4% growth is forecast, based on continued growth in private consumption and recovery in foreign trade. In 2026, broad-based growth is projected to reach 2.7%.