06 Apr 2017

The 2016 Gross Domestic Product (GDP) is estimated to have grown by 4.3 per cent compared to a decline of 1.7 per cent recorded in 2015.

According to the 2016 fourth quarter and 2016 Provision Annual Gross Domestic Product (GDP) estimates, the growth was mainly due to increase in trade, hotels and restaurants sectors, particularly the wholesale sub-sector which includes diamond aggregation processes.

The report states that 2016 positive performance was due to the improvement in the global diamond market compared to the 2015 unstable commodity prices. However these estimates are provisional and subject to change because they are based on limited data and hence cannot be precise and absolute.

It states that figures will be revised after receiving finalised or audited data from companies in which some differences and inconsistencies in the previously published data may be observed. ENDS