GDP Grows 2% in The First Quarter

01-Jul-2019

The gross domestic product (GDP) at fixed market prices for the first quarter of this year grew by 2% compared to the same period in 2018, according to the Department of Statistics.

1.9 %. The growth rate for the first quarter of 2018 was 1.9%. The full growth rate for 2018 was 1.9% compared to 2017.

In terms of production sectors, it is estimated that most sectors achieved positive growth during the first quarter of 2019 compared to the first quarter of 2018.

The results showed that the transport, storage and communications sector achieved the highest growth rate during this period, reaching 3.7%, followed by agriculture at a growth rate of 3.6%, followed by social and personal services at a growth rate of 3.4%, followed by finance, Growth of 3.0%, followed by electricity and water sector with growth of 1.7%.

In terms of sectorial contributions, the growth rate achieved during the first quarter of 2019 was 2.0%.

The financial, insurance and real estate sectors contributed 0.71 percentage points, while the transport, storage and communications sector contributed 0.31 percentage points to the total growth rate.

Manufacturing industries by 0.23 percentage points, and the social and personal services and agriculture sectors contributed 0.22 percentage points each of the total growth rate achieved.









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