The prudent management of the economy by the PPP/C government has resulted in a real growth in Gross Domestic Product (GDP) totalling 36.4 percent for the first six months of 2022.
This is noted in the Ministry of Finance’s Half Year report released this evening.
The report notes that the petroleum, other crops, and services sectors contributed to the nation’s positive performance despite the difficulties resulting from the Russia-Ukraine war.
Additionally, despite the lingering effects of the 2021 floods limiting performance in some industries during the first half of this year, the report states that the non-oil economy grew by an estimated 8.3 percent.
With supportive measures in place to continue increasing economic activity, overall GDP growth for 2022 is now projected at 56 percent, and non-oil growth at 9.6 percent.
