The growth dynamics of the SR economy slightly decreased in the third quarter of 2022
The Gross domestic product (GDP) in chain-linking volumes1) increased in the third quarter of 2022 by 1.2% year-on-year. After seasonal adjustments2), the GDP increased by 1.2% year-on-year and by 0.3 % quarter-on-quarter. In the current prices, the third quarter of 2022 the GDP amounted to EUR 28.31 billion, representing a year-on-year increase by 8.8%.
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The volume of GDP at constant prices exceeded the volume of GDP for the same period before the crisis, jumping the value of the 3rd quarter of 2019 by 1.6%. The growth of the Slovak economy was supported mainly by domestic demand.
The growth of value added in the 3rd quarter was, after a longer time, positively influenced primarily by developments in the motor vehicle industry. We recorded a decrease in value added in the industries of manufacturing of basic metals and manufacturing of fabricated metal products, except machinery and equipment.
Total employment in the reference period reached 2.43 million people. Compared with the third quarter of 2021, it increased by 1.5%. After seasonal adjustments, total employment increased by 1.5% year-on-year and by 0.1% quarter-on-quarter.
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