Gross Domestic Product Third Quarter 2013

3gdp2013Provisional estimates of Gross Domestic Product (GDP) show that the country’s economy maintained a moderate growth of 4.4 per cent in the third quarter of 2013 compared to 4.5 per cent recorded during a similar quarter of 2012. The growth was mainly supported by improved performances in financial intermediation, transport and communication, wholesale and retail trade, manufacturing, construction and mining and quarrying activities. On the other hand, there was a slowdown in the growth of agriculture and forestry sector which impacted negatively on the economic performance. Activities of the hotels and restaurants rebounded though the growth remained relatively suppressed. Seasonally adjusted growth, which tracks performance in consecutive, quarters indicate that the third quarter 2013 grew by 1.6 per cent compared to a growth of 0.8 per cent in second quarter 2013.