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Economy Expands by 4.5 Percent
Gross Domestic Product (GDP) estimates for the first quarter of 2025 show that the economy grew by 4.5 percent from 2.2 percent in the first quarter of 2024. This represents an increase of 2.3 percentage points compared to the same quarter in 2024. These estimates are based on the year-on-year comparison of GDP at constant 2010 prices (see Figure 1).
Figure 1: Quarterly GDP Growth Rates at Constant 2010 Prices, Q1-2024-Q1** 2025
