GDP grows 2.1% in Q4 of 2019, DOS figures


[31-03-2020 12:27 PM]

Ammon News - AMMONNEWS - The gross domestic product (GDP) for the 4th quarter of 2019 grew by 2.1% in constant prices, compared to the same period in 2018, the Department of Statistics (DOS) figures, released on Tuesday, showed.
The GDP growth of fixed prices reached 2.0% during 2019, compared to 2018, according to the DOS report.

On the level of productive sectors, the GDP's preliminary estimates at fixed prices for the 4th quarter of 2019 showed that the extractive industries sector hit the highest growth rate during this period, reaching 5.2%, followed by the transport, storage and communications industries with a growth rate of 3.5%, then the social services sector with a growth rate of 3.2%, and the financial, insurance and real estate sector came last, with a growth rate of 2.8%, indicated the report.

In terms of sectoral contributions' percentage points to the growth rate during the 4th quarter of 2019, which amounted to 2.1%, the financial, insurance and business services sector contributed by 0.22; while the government's services producers sector contributed by 0.28; and the transport, storage and communications sector contributed by 0.11; and the social and personal services sector contributed by 0.22, , to the total achieved growth rate, respectively.




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