GDP rose by 4.9% in 2022, slightly above the forecast

Gross Domestic Product (GDP) increased by 4.9% y/y in 2022 vs. 6.8% growth in the previous year,  according to the Central Statistical Office (GUS) preliminary estimates. The market consensus expected an increase of 4.8% y/y in 2022.

The real GDP growth of 4.9% in 2022 is a good result in difficult times Central Statistical Office president Dominik Rozkrut commented.

In 2022, domestic demand increased by 5.5% in real terms compared to 2021, when an increase of 8.4% was recorded.