Home / Knowledge / News / GDP increases by 2.1% in Q1of 2008
GDP increases by 2.1% in Q1of 2008
30
May '08
Real quarterly gross domestic product (GDP) for the first quarter of 2008 increased by +2,1%, q/q

The seasonally adjusted real GDP at market prices for the first quarter of 2008 increased by an annualised rate of 2.1 percent compared with the fourth quarter of 2007. The corresponding real annualised economic growth rates for the four quarters of 2007 were 5.1 percent, 4.4 percent, 4.8 percent and 5.3 percent respectively.

The main contributors to the increase in economic activity for the first quarter of 2008 were the finance, real estate and business services industry (1.0 of a percentage point); general government sector (0.6 of a percentage point); the wholesale and retail trade, agriculture industry (each industry contributing 0.3 of a percentage point).

The seasonally adjusted real value added by non-agricultural industries (excluding the impact of the volatile agriculture industry) for the first quarter of 2008 increased by 1.7 percent compared with the fourth quarter of 2007.

The unadjusted real GDP at market prices for the first quarter of 2008 increased by 4.0 percent compared with the first quarter of 2007. The corresponding increase for the respective quarters of 2007 were 5.8 percent, 5.1 percent, 5.2 and 4.6 percent yielding an annual growth rate of 5.1 percent in real GDP at market prices.

Statistics South Africa

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search