Results of Q2 2007 estimate of expenditure-based GDP
04 Sep '07
3 min read
Gross fixed capital formation, a gauge of investment, showed a robust expansion of 44.4%, higher than the 41.5% growth in the previous quarter. In the private sector, total investment recorded an increase of 49.9% that was mainly attributable to a surge of 56.7% in investment in construction; besides, investment in equipment rose by 32.4%.
On the other hand, total government investment dropped by 20.0%, in which investments in construction and equipment decreased by 19.5% and 26.4% respectively. Based on the data of the private and public sectors, total investment in construction expanded by 49.1% in the second quarter of 2007, quickening from the 44.6% growth in the previous quarter; total investment in equipment increased by 31.2%, lower than the 33.0% rise in the previous quarter.
In terms of visible trade, the decline in total value of goods exports in the second quarter narrowed from 9.6% in the previous quarter to 6.2% in nominal terms, or from 8.5% to 5.9% in real terms. Among this, exports to the United States and the European Union went down by 17.3% and 23.1% respectively in nominal terms, whereas exports to Hong Kong, China and Mainland China rose by 20.0% and 14.6% respectively.
Total value of goods imports increased upon greater demand, by 15.3% and 13.0% in nominal and real terms respectively, lower than the 19.2% and 17.6% growth in the previous quarter. As regards invisible trade (exports of services), exports of gaming services soared by 49.0%; total visitor spending (excluding gaming expenses) increased by 14.2% upon rises in the number of visitor arrivals and their per-capita spending.
Based on the integrated data of the exports of services, total exports of invisible trade recorded an increase of 37.1%, higher than the 32.9% growth in the previous quarter. Moreover, imports of services grew by 25.5%, up from 22.1% increase in the previous quarter.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
