In addition, compared to the first quarter of 2020 (corresponding to the last level of prior to the outbreak of the pandemic), the GDP of the first quarter of 2022 is 9.4% higher, while, compared to the first quarter of 2019, the GDP grows 3.9%.
In the quarterly dynamics of the series without seasonality, almost all components of demand grew compared to the fourth quarter of 202.
Investment stands out, growing 3.3%. In addition, Private Consumption grew 3.2% and Public Consumption 0.7% and Imports expanded 7.6% se On the other hand, Exports fell -2.3% quarterly.
In the year-on-year comparison, Investment once again led growth, this time with a year-on-year rise of 12.7%, thus accumulating six quarters with double-digit increases.
The Private Consumption grew 9.3% year-on-year, and reached the fourth consecutive rise, while Public Consumption grew 6.5% year-on-year. On the external front, both Exports (+9.3% year-on-year) -which registered the fourth consecutive rise- and Imports (28.1% year-on-year) grew.
On the supply side, In the first quarter of 2022, generalized year-on-year growth was registered, with the exception of the Fishing (-3.5% year-on-year) and Agriculture sectors, which barely fell -0.1% year-on-yearboth sectors cutting GDP growth by just -0.01 percentage points (pp).
On the other hand, Hotels and restaurants led growth in the month (+33.6%), and contributed 0.4 pp to GDP growth. They also registered double-digit increases in Mines and quarries (+13.4%; contribution +0.4 pp), Domestic service (+10.5%; contribution +0.06 pp) and Transport and communications (+12.2%). ; contribution +0.9 pp).
This last sector, together with Industry (+4.9%; contribution +0.8 pp) and Commerce (+5.7%; contribution +0.7 pp) were the ones that contributed the most to GDP growth. Taxes grew 5.8% year-on-year, with a contribution of 1.0 pp
Source: Ambito
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