Quarterly Gross Domestic Product Report Second Quarter, 2018

The country’s real Gross Domestic Product (GDP) is estimated to have expanded by 6.3 per cent in the second quarter of 2018 compared to 4.7 per cent during a similar quarter in 2017. The growth was against a backdrop of a fairly stable macroeconomic environment and favorable weather conditions. During the review period, the country experienced heavy rains that impacted positively on most of the agricultural and
generation of hydroelectricity activities.
Analysis by sector showed that activities of agriculture, and electricity and water supply recorded significant improvements to grow by 5.6 per cent and 8.6 per cent compared to growths of 0.8 per cent and 6.0 per cent, respectively during the second quarter of 2017. Accommodation and food service and Information and communication recorded the highest growths of 15.7 per cent and 12.6 per cent, respectively in the quarter under review. On the other hand, activities of the mining and quarrying and construction recorded the most notable deceleration in growths during the review period.Quarterly Gross Domestic Product Report Second Quarter, 2018