GDP grows by 0.3% in Q1

Home Business GDP grows by 0.3% in Q1 01-07-2021 12:22 PM Ammon News - The Gross Domestic Product (GDP) inched up by 0.3 percent in the first quarter of 2021 compared to the same period of last year, official figures revealed. According to the Department of Statistics (DoS), preliminary estimates showed that some economic sectors achieved growth during the first quarter of this year compared to the first quarter of last year. The extractive industries sector, it said, achieved the highest growth rate during this period at 15.3 percent, followed by the agriculture sector, 2.9 percent, the finance, insurance and business services sector by 2.1 percent, and the government sector by 1 percent. The figures also indicated that the social and personal services sector had the lowest growth rate, down by 3 percent, followed by the transport, storage, and communications sector by 2.3 percent, and the construction sector by 1.8 percent. On the sectors contributions to the overall growth rate in the first quarter of this year, the figures indicated that the finance, insurance and business services sector contributed the most at 0.41 percentage points, followed by the extractive industries sector at 0.33 percentage points, and the agriculture sector at 0.16 percentage points.

Home Business

GDP grows by 0.3% in Q1

01-07-2021 12:22 PM

Ammon News - The Gross Domestic Product (GDP) inched up by 0.3 percent in the first quarter of 2021 compared to the same period of last year, official figures revealed.

According to the Department of Statistics (DoS), preliminary estimates showed that some economic sectors achieved growth during the first quarter of this year compared to the first quarter of last year.

The extractive industries sector, it said, achieved the highest growth rate during this period at 15.3 percent, followed by the agriculture sector, 2.9 percent, the finance, insurance and business services sector by 2.1 percent, and the government sector by 1 percent.

The figures also indicated that the social and personal services sector had the lowest growth rate, down by 3 percent, followed by the transport, storage, and communications sector by 2.3 percent, and the construction sector by 1.8 percent.

On the sectors contributions to the overall growth rate in the first quarter of this year, the figures indicated that the finance, insurance and business services sector contributed the most at 0.41 percentage points, followed by the extractive industries sector at 0.33 percentage points, and the agriculture sector at 0.16 percentage points.

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