Quarterly Gross Domestic Product- First Quarter 2024
About Report
Statistical Releases
Quarterly GDP Reports
June
2024
Overview
The economy expanded by 5.0 per cent in the first quarter of 2024 compared to a growth of 5.5 per cent in the corresponding quarter of 2023. The growth was primarily buoyed by robust growths in Agriculture, Forestry and Fishing activities (6.1%), Real Estate (6.6%), Financial and Insurance (7.0%), Information and Communication (7.8%) and Accommodation & Food Services (28.0%). Similar to the first quarter of 2023, agricultural production was vibrant in the corresponding quarter of 2024, owing to favourable weather conditions that supported crop and animal production during the quarter.