The score regarding the economic growth increases to a 6.9 compared to 2022 Q3. The Gross domestic product (GDP) increased by 0.6 percent in Q4 2022 (GDP figures lag by a quarter) relative to Q3.
It is notable that, despite all the macro economic uncertainties, there is still economic growth. The GDP grew by 4.5 percent in Q4 2022 relative to Q4 2021. Household consumption contributed the most to the growth.
The growth in Q4 was broad-based, with public consumption and household consumption making the largest contributions. Especially spendings on services such as accommodation and food services, recreation and culture increased.