Quarterly Gross Domestic Product- Second Quarter 2024
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Statistical Releases
Quarterly GDP Reports
September
2024
Overview
The country’s real GDP expanded by 4.6 per cent in the second quarter of 2024 compared to a growth of 5.6 per cent in the corresponding quarter of 2023. The growth, albeit slower than the corresponding quarter of 2023, was to a considerable extent supported by Agriculture, Forestry & Fishing (4.8%), Real Estate (6.0%), Financial & Insurance Activities (5.1%), and Wholesale & Retail (4.4%). Additionally, the economy benefitted from robust performances in other sectors of the economy, such as Accommodation & Food Services (26.6%), Information & Communication (7.2%), and Professional, Administrative & Support Services (6.8%). However, the growth was somewhat hampered by contractions in the Mining & Quarrying and Construction sectors during the quarter under review.