1.3% GDP growth rate at constant prices in the first quarter of 2020

1.3% GDP growth rate at constant prices in the first quarter of 2020

The Department of Statistics issued the results of the preliminary quarterly estimates of the GDP at fixed prices for the first quarter of 2020. The results show that growth reached 1.3% during the first quarter of 2020 compared with the same quarter of 2019.

The preliminary estimations of most sectors have shown positive growth during the first quarter of 2020 compared with the first quarter of 2019. The results indicated that the Social & Personal Services Sector has achieved the highest growth rate at 2.8%, followed by Finance, Insurance & Real Estate’s Sector by 2.4%, then the Agricultural Sector by 2.3% and finally the governmental services producers contributed by 2.0%.

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