2.0% GDP growth rate at constant prices in the first Quarter of 2019oracle
The Department of Statistics issued the results of the preliminary estimates of the GDP at market fixed prices for the first Quarter of 2019. The results show that growth reached 2.0% during the first quarter of 2019 compared with the first quarter of 2018.the growth for the first quarter of 2018 reached 1.9%. And the general gross rate for the GDP reached 1.9% for 2018 compared with 2017.
The estimates of GDP at the level of production sectors, most sectors have shown positive growth during the first quarter of 2019 compared with the first quarter of 2018. According to the report, Transport, Storage ,Communications sector has achieved the highest growth rate at 3.7%, followed by agricultural sector by 3.6%, followed by Social & Personal Services Sector at 3.4%, followed by Finance, Insurance & Real Estate’s Sector by 3.0% and finally Electricity Water Sector by 1.7%.