Gross Domestic Product (GDP) grew 3.9% year-on-year in the first quarter of 2025, accumulating five consecutive quarters of expansion, and domestic demand increased 6% year-on-year between January and March of this year, the
It detailed that the result of the activity was driven by higher private spending, in a context of continued employment growth, low inflation, and reduced interest rates, which favored both consumption and private investment, including residential investment which recorded positive figures.
Foreign trade
Likewise, public spending contributed to this growth during the analyzed period, while net exports decreased.
This latter result corresponds to the strong increase in imports, mainly of industrial inputs, consumer goods, and capital goods, which exceeded the expansion of exports of goods and services.
(END) NDP/SDD/JMP/MVB