Imports of Services accelerates
Imports of Services expands to
9.6 percent in the first quarter of 2018, faster than the 7.9 percent recorded during the same period in 2017. Miscellaneous Services contributed the most to the growth, which grew by 21.6 percent. This was faster than the 11.8 percent growth posted in the previous year. Moreover, Insurance, Travel, and Transportation grew by 30.7 percent, 1.6 percent, and 0.5 percent, respectively.
However, Government pulled down the growth of the sector with
20.1 percent contraction.