Gross domestic product (GDP) advanced 4.9% in 2022 versus a 6.8% rise in 2021.

The overall GDP growth in 2022 was largely driven by a 5.5% increase in domestic demand. Nonetheless, this was much slower than the 8.4% gain in the preceding year.

On the other expenditure components, household consumption grew 3% versus a 6.3% rise in 2021, while the growth in gross fixed capital formation accelerated to 4.6% from 2.1%.

Total consumption in 2022 increased by 2.14% in real terms, including consumption in the farm sector by 3.0%, data showed.