GDP up by 7.3% y/y in Q4 2021 according to the flash estimate

Gross Domestic Product (constant average prices of the previous year, seasonally unadjusted) increased by 7.3 percent y/y in the fourth quarter of 2021 against 5.3 percent y/y growth in the previous quarter, the Central Statistical Office (GUS) reported in a quick estimate these data.

The market consensus predicted 7.1 percent GDP growth in the abovementioned quarter.

"In the fourth quarter of 2021, seasonally adjusted GDP (constant prices at the reference year 2015) grew in real terms by 1.7 percent compared to the previous quarter and was higher by 7.7 percent than in the previous year," the release reads.

The data are preliminary and may be subject to revision, in line with the revision policy applied in quarterly national accounts, at the time of preparing the first regular GDP estimate for the fourth quarter of 2021, which will be published on February 28, 2022, the Central Statistical Office reported.

(ISBnews)