4th Quarter 2016

Gross National Income & Gross Domestic Product

Gross Value Added in Manufacturing

Manufacturing dominates

Manufacturing remained the top contributor to GDP growth as it continued an accelerating growth in the fourth quarter with 6.9 percent. This exhibited faster growth rates in all quarters of 2016 than the previous year.

Among the industries under Manufacturing, Food manufactures, which grew by 9.3 percent, was the biggest contributor to the growth of the sector with 3.6 percentage points. Other contributors to the growth were: Petroleum and other fuel products, with 53.8 percent growth; Transport equipment, with 33.3 percent; Beverage industries, with 11.5 percent; and Chemical & chemical products, with 2.1 percent growth.

On the other hand, the following posted declines and pulled down the growth of the sector: Radio, television and communication equipment and apparatus, which declined by 3.9 percent; Publishing and printing, down by 12.0 percent; Non-metallic mineral products, down by 2.1 percent; Wearing apparel, down by 2.3 percent; and Miscellaneous manufactures, which declined by 1.4 percent from the previous year.

National Accounts

Press Releases

Sectors - Previous Releases