Gross Domestic Product (GDP), in volume, registered a year-on-year rate of change of 1.9% in the third quarter of 2024, a rate 0.3 percentage points higher than that recorded in the previous quarter. The positive contribution of domestic demand to the year on year growth rate of GDP increased slightly, from 2.5 to 2.6 percentage points in the third quarter, with an acceleration of private consumption and a reduction of investment. The contribution of net external demand to the year on-year growth rate of GDP remained negative, moving from -0.9 to -0.8 percentage points, with an acceleration of imports and exports of goods and services. 

Compared to the second quarter of 2024, GDP increased by 0.2% in volume, same rate as in the previous quarter. The contribution of net external demand to the GDP quarter-on-quarter rate of change was more negative (shifting from -0.7 to -1.1 percentage points), while the positive contribution of domestic demand increased to 1.2 percentage points, with an acceleration of private consumption and investment.