KSH: the services and agriculture pulled last year’s GDP

The volume of gross domestic product (GDP) in last year’s quarter exceeded the previous year’s same quarter by 1.6 percent. The increase was primarily due to market-based services and agriculture – the Central Statistical Office (KSH) announced its second estimate on Tuesday.

According to the seasonally and calendar adjusted data, the economic’s performance increased by 1.5 percent, compared to the same quarter of the previous year and by 0.4 percent compared to the previous quarter.

In 2016, GDP rose by 2.0 percent. According to the seasonally and calendar-adjusted and reconciled data, the economic performance increased by 1.8 percent over the previous year. (MTI)