Quarterly National Accounts for 4th Quarter 2018

GVA growth rate for the fourth quarter of 2018 over the corresponding quarter of 2017 is estimated at 4.1%.

The growth was mainly due to:

(i) “Financial and insurance activities” contributing 0.6 percentage point;

(ii) “Wholesale and retail trade; repair of motor vehicles and motorcycles” contributing 0.5 percentage point;

(iii) “Manufacturing” and “Construction” each contributing 0.4 percentage point;

(iv) “Accommodation and food service activities” contributing 0.3 percentage point.

Based on seasonally adjusted data, quarter to quarter GVA grew by 1.8% in the fourth quarter of 2018 compared to a growth of 1.2% in the third quarter of 2018.