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Annual Report


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Date : May 30, 2024
Growth Rates and Composition of Real Gross Domestic Product (At 2011-12 prices)
(Per cent)
Sector Growth Rate Share
Average 2016-17 to 2023-24 2021-22 2022-23 2023-24* 2021-22 2022-23 2023-24*
1 2 3 4 5 6 7 8
GDP at Market Prices (Expenditure Side)
1. Private Final Consumption Expenditure 5.4 11.7 6.8 3.0 58.1 58.0 55.6
2. Government Final Consumption Expenditure 5.0 0.0 9.0 3.0 9.9 10.0 9.6
3. Gross Fixed Capital Formation 7.0 17.5 6.6 10.2 33.4 33.3 34.1
4. Change in Stocks 57.1 525.4 14.5 5.0 1.1 1.1 1.1
5. Valuables 6.9 32.5 -19.1 13.8 1.9 1.4 1.5
6. Net Exports -79.2 47.0 52.7 -517.8 -1.0 -0.4 -2.5
a) Exports 7.0 29.6 13.4 1.5 22.6 23.9 22.6
b) Less Imports 7.6 22.1 10.6 10.9 23.6 24.4 25.1
7. Discrepancies -15.5 -386.9 11.2 -121.0 -3.3 -3.4 0.7
8. GDP 5.5 9.7 7.0 7.6 100.0 100.0 100.0
GVA at Basic Prices (Supply Side)
1. Agriculture, Forestry and Fishing 4.5 4.6 4.7 0.7 15.6 15.3 14.5
2. Industry 4.4 9.6 -0.6 8.3 23.0 21.4 21.7
of which:              
a) Mining and Quarrying 1.1 6.3 1.9 8.1 2.2 2.1 2.2
b) Manufacturing 4.7 10.0 -2.2 8.5 18.5 16.9 17.2
c) Electricity, Gas, Water Supply and Other Utility Services 6.7 10.3 9.4 7.5 2.3 2.4 2.4
3. Services 6.0 10.6 9.9 7.9 61.4 63.3 63.9
of which:              
a) Construction 6.8 19.9 9.4 10.7 8.6 8.8 9.1
b) Trade, Hotels, Transport, Communication and Services Related to Broadcasting 5.6 15.2 12.0 6.5 17.9 18.8 18.7
c) Financial, Real Estate and Professional Services 6.1 5.7 9.1 8.2 22.5 23.0 23.3
d) Public Administration, Defence and Other Services 6.0 7.5 8.9 7.7 12.4 12.7 12.8
4. GVA at Basic Prices 5.3 9.4 6.7 6.9 100.0 100.0 100.0
*: Second advance estimates of national income for 2023-24.
Source: National Statistical Office (NSO).


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