Real gross domestic product

New data released yesterday highlights the growth in the Greek economy, suggesting more benefits for everyone. Last year, the economy grew by an additional $5 billion, leading to a real growth rate of 2.3% for 2023, compared to the previously estimated 2%. Along with this updated GDP estimate for 2023, several other economic indicators are also being revised upward.

In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023.

BELGRADE - Serbia's real GDP was up by 3.8 pct y-o-y in Q4 2023, the Serbian national statistical office RZS said on Wednesday in a flash estimate of constant-price GDP growth.

The RZS also said a more detailed GDP calculation for Q4 2023, performed at lower aggregation levels, would be published on February 29.

The road to changing the country's development model will be long and difficult. The intention to stop Greek GDP being so dependent on consumption has not yet begun to be reflected on the GDP blueprint.

The Cypriot economy maintained strong momentum in the first quarter of 2023 with real GDP registering an annual growth rate of 3.4%, marking signs of a slowdown against the backdrop of the uncertain external environment and the restrictive monetary policy by the European Central Bank in a bid to wrestle inflation under control.

BELGRADE - Serbia's real GDP at constant prices was up by 0.4 pct y-o-y in Q4 2022, the Serbian national statistical office RZS said in a flash estimate released on Tuesday.

The RZS also said a more detailed GDP calculation for Q4 2022, performed at lower aggregation levels, would be published on February 28.

In previous Notes for Discussion, we addressed a possible path for real GDP, the deflator as a measure of prices and inflation, and the path for nominal GDP.

BELGRADE - Serbia's real GDP growth in Q4 2017 was 2.5 pct up compared to the same period of the previous year, the national statistical office said in a statement on Wednesday.

"According to seasonally-adjusted GDP data, gross domestic product increased by 0.6 pct in the fourth quarter of 2017 compared to the previous quarter," it said.

BELGRADE - Serbia's real GDP growth in the third quarter of 2017 amounted to 2.1 pct year-on-year, the national statistical office announced in a statement Thursday.

According to seasonally adjusted GDP data, the gross domestic product increased by 1.6 pct in the third quarter of 2017 compared to the previous quarter.