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GDP grows 3%

12
Mar '07
Gross domestic product (GDP) for 2006 showed notable growth of 2.9 percent while the provisional estimates stand at growth of 5.5 percent.

The wholesale and retail trade sector recorded decline in value added products.

Gross fixed capital formation at constant prices declined by 1.0 percent. Real exports went up by 1.4 percent while real imports declined by 0.5 percent.

The annual increase in GDP at current prices, amounting to Lm109.1 million, is estimated to have been distributed into an Lm18.8 million rise in compensation of employees, a Lm64.8 million boost in gross operating surpluses of enterprises, and a Lm25.4 million growth in net taxation on production and imports.

Gross national income (GNI) at market prices is estimated at Lm2.1 billion in 2006, up by 7.8 percent over 2005.


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