MAY 2022 51 Final Consumption Expenditure Resident Household (year-on-year rate of change) More information is available at: Quarterly national accounts – 1st quarter of 2022 31 May 2022 • The contribution of net external demand to the year-on-year rate of change in GDP increased to 1.7 p.p. (0.7 p.p. in the previous quarter); » Exports of Goods and Services accelerated from a year-on-year rate of change of 16.1% in the 4th quarter to 18.3%; » Imports of goods and services in volume increased by 13.1% year-on-year, a slightly lower rate than in the previous quarter (13.6%); • Compared to the previous quarter, GDP increased by 2.6% in real terms (1.7% in the previous quarter). This quarter-on- -quarter growth rate of GDP was driven by the following contributions: » Domestic demand: 2.2 p.p. (1.3 p.p. in the 4th quarter); » Net external demand: 0.4 p.p. (same value in the previous quarter); Investment (chain-linked volume data, reference year=2016) (year-on-year rate of change) 5.4% -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 21% 13% -30% -20% -10% 0% 10% 20% 30% 40% 50% I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Durable goods Total
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