01-Jul-2019
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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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