In the second quarter of 2022, gross domestic product (GDP) grew by 4.0% and gross value added (GVA) by 4.5% compared to the second quarter of 2021 (data of the National Statistical Institute are preliminary and seasonally adjusted).
The increase in gross value added is determined by the growth in following economic activities:
Mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply, waste management and remediation activities - 11.9%, Information and communication - 5.6%, Professional, scientific and technical activities; administrative and support service activities - 5.2%, Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities - 4.7%, Financial and insurance activities - 3.9%, while in Construction is observed decline of 16.4% on an annual basis.
Regarding the components of the final use, the impact for the registered economic growth in the second quarter of 2022 is the final consumption with an increase of 5.2% on an annual basis. Exports of goods and services increased by 10.4% and imports of goods and services increased by 16.7% compared to the second quarter of 2021.
In the second quarter of 2022 GDP increased by 0.8% compared with the previous quarter. For the same period, GVA increased by 0.7%.
Data from the National Statistical Institute show an increase in GDP per person employed in real terms by 2.6% in the second quarter of 2022 compared to the second quarter of 2021. The number of persons employed in the economy is 3 559.3 thousands and the total number of hours worked is 1 424.4 million.