In 2023, the Real Gross Domestic Product grew by 7.5 percent. Services sector led the 2023 economic recovery by contributing 7.4 percentage point to overall growth followed by 0.5 percentage point from net taxes and 0.4 percentage point from the primary sector while industrial sector declined by 0.8 percentage points. The expansion of the Service sector was contributed by Transport & Storage, Accommodation & Food Service, Financial & Insurance, Wholesale & Retail and Information & Communication.

Real GDP Growth Rates 2015 – 2023