On September 7, 2022, INS reconfirmed the country’s gross domestic product (GDP) growth at 5.8% both in unadjusted data and in seasonally adjusted data for the first half of 2022 as compared with the same period in 2021, in line with provisional (1) estimates released at that time.
On Oct 12, INS also lowered the country’s GDP growth for the second quarter of 2022 to 5.1% in unadjusted data and to 5% in seasonally adjusted data as against the second quarter of 2021, in line with provisional (2) estimates.
On September 7, 2022, INS reconfirmed the country’s GDP growth at 5.3% both in unadjusted data and in seasonally adjusted data for the second quarter of 2022 as compared with the same period of 2021, in line with provisional (1) estimates released at that time.
On Oct 12, INS also lowered the country’s GDP growth for the second quarter of 2022 to 1.8% in real terms (in unadjusted data) as compared to the first quarter of 2022, in line with provisional (2) estimates.
On August 17, 2022, INS estimated the country’s GDP growth at 2.1% in real terms (in unadjusted data) for the second quarter of 2022 as compared with the same period of 2021, in line with provisional (1) estimates released at that time.
The seasonally adjusted data of quarterly GDP were readjusted for ensuring the consistency between the annual data and the quarterly data in the context of the revision of the estimates for year 2020, from semi-final version to final version, on the one hand, and the revision of the estimates for the second quarter of 2022, on the other hand, differences being recorded as compared to the version released on September 7, 2022.
From GDP uses standpoint, significant changes in the contribution to the growth rate of GDP between the two estimates were recorded for final consumption expenditure of households, from +4.6% to +5.6%, Net export of goods and services from -7.2% to 0.5% as a result of reviewing the data source and Change in inventories from 7.3% to -0.5%.