2.2% GDP growth rate at constant prices in the first 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 constant prices for the first quarter of 2017.The results show that growth reached 2.2% during the first quarter of 2017 compared with the same quarter of 2016.
At the level of production sectors, most sectors have shown positive growth during the first quarter of 2017 compared with the first quarter of 2016. According to the report, Mining And Quarrying industries sector has achieved the highest growth rate at 14.7% in the first quarter of 2017 Compared with the same period of 2016 at market constant prices, followed by the agriculture sector by 8.2%, then the electricity& water sector & producers of non-profit services to households sector at 4.3% each, followed by the Social & personal Services sector at 3.9%, then Finance, Insurance & Business services sector by 3.2%, then Wholesale & Retail trade, restaurants &Hotels sector by 1.9%.
At the level of sector contribution in the achieved growth rate 2.2% at constant prices during the first quarter of 2017, the Finance, Insurance & Real Estate’s Sector has contributed by 0.71 percentage point of the total achieved growth rate. While the agriculture sector’s contribution was 0.30 percentage points, the Mining and Quarrying sector has contributed by 0.23 percentage points, and then the Transport, Storage & Communications sector has contributed by 0.22 percentage points then, the Manufacturing Industries Sector by 0.20 percentage points of the total achieved growth.
