Business

GDP increase by 1.9 per cent

By ELLEN STOLZ Fiji’s 2011 1.9 per cent increase in Real Gross Domestic Product (GDP) has been attributed to various sectors like Agriculture and Financial Intermediation. Fiji Bureau of Statistics
30 Sep 2012 09:20

By ELLEN STOLZ

Fiji’s 2011 1.9 per cent increase in Real Gross Domestic Product (GDP) has been attributed to various sectors like Agriculture and Financial Intermediation.
Fiji Bureau of Statistics recorded the Ministry of Agriculture and Forestry contributed 1.1 per cent to GDP and noted a 4.5 per cent increase in sugarcane and taro outputs.
Financial Intermediation contributed 0.7 percentage points while the output of insurance activities shot up by 22.9 percent when compared to 2010.
The statistics showed that in 2010 there was only a 0.1 growth in GDP and the 2011 growth of 0.9 was also the same percentage growth recorded in 2006.
The report also noted that there were high levels of growth in all these sectors which aided them to attain the 1.9 per cent.
This was despite of the significant decline in the  Public Administration & Defence (-9.3) and the domestic trade (-3.2).




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