2.0% GDP growth rate at constant prices in the second quarter of 2017 Compared with the same period of 2016

2.0% GDP growth rate at constant prices in the second quarter of 2017 Compared with the same period of 2016

The Department of Statistics issued the results of the quarterly estimates of the GDP at fixed prices for the second quarter of 2017. The results show that growth reached 2.0% during the second quarter of 2017 compared with the same quarter of 2016.

At the level of production sectors, most sectors have shown positive growth during the second quarter of 2017 compared with the second quarter of 2016. According to the report, the Quarrying Industries Sector has achieved the highest growth rate at 34.2% in the second quarter of 2017 compared with the same period of 2016 at constant prices, followed by the Social & Personal Services Sector by 4.0%, then the Finance, Insurance & Real Estate’s at 3.3%, then the Agriculture Sector by 3.0% followed by the Transport, Storage & Communications Sector by 2.0 %, then the Electricity& Water Sector by 1.8%.

At the level of sector contribution in the achieved growth rate during the second quarter of 2017 (2.0% at constant prices), the Finance, Insurance & Real Estate’s Sector has contributed by 0.67 percentage point of the total achieved growth rate. While the Quarrying Sector contribution was 0.42 percentage points, the Transport, Storage & Communications Sector has contributed by 0.30 percentage points, and then Social & Personal Services Sector has contributed by 0.19 percentage points, then the Manufacturing Industries Sector by 0.14 percentage points of the total achieved growth. prices in the second quarter of 2017

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