The Gross Domestic Product went up by 5.4 per cent in real terms, the National Statistics Office said.

It said that according to provisional estimates, this amounted to €2,299.6 million in the third quarter, €171.3 million or eight per cent more than in the corresponding period last year.

Gross Value Added increased by €154.6 million when compared to the same quarter last year. This was mainly generated by wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities.

Total final consumption expenditure in nominal terms increased by 4.1 per cent and by 2.4 per cent in real terms. Gross fixed capital formation increased by €159.3 million in nominal prices and by 39.7 per cent in real terms. Real exports and real imports also increased.

In a statement, the government said this was the best economic growth registered since statistics started to be collected 15 years ago.

Real growth, it pointed out, was three times more than in the euro zone.

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