This marked the fourth straight quarter of economic growth, prompted by sharp increases in government spending (4.8% vs 2.4% in Q3) and household consumption (1.2% vs 0.3%).
Meanwhile, gross fixed capital formation rose at a softer pace (9.1% vs 9.9%). Net external trade sustained its growth at 1.5% (vs 1.6%), with exports (-2.3% vs -8.6%) falling less than imports (-4% vs -10.6%).
On a seasonally adjusted quarterly basis, the economy grew 1.1% in Q4 of 2023, after showing no growth in the previous period.
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