GDP growth rate at 2.6% in real terms

Flash estimates indicate that the GDP growth rate for the first nine months of this year stood at 2.6 per cent in real terms and at 6.1 per cent at current prices, the National Statistics Office said yesterday.

This was, in the main, underpinned by growth in gross fixed capital formation, particularly in the transport sector, and household final consumption expenditure, the NSO noted.

The contribution of the external sector to GDP growth in the period under review was negative, reflecting the growth in imports in response to increases in other expenditure components.