We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
In the second quarter of the current fiscal year 2081/82, it is estimated that an economic growth estimate of 5.1 percent has been achieved.
The National Statistics Office released the Gross Domestic Product (GDP) for the second quarter of the current year on Wednesday and said that despite good improvements in some sectors including transportation, the GDP has achieved a moderate growth. However, this is the growth rate not adjusted for seasonal effects . According to the office, the GDP growth rate after adjusting for seasonal effects of the second quarter is 2.2 percent.
'In the positive growth of the economy in the second quarter, the increase in the total value added of financial intermediation along with the growth in transport, construction sector, agriculture, electricity production and distribution are the main factors,' the office said, 'Especially during this period, there was no significant growth in the education, accommodation and food and other service sectors, so it is estimated that the growth rate of the economy remains normal.'
Based on seasonally adjusted data, negative growth is estimated in two of the total 18 industrial sectors. A negative growth of 4.8 percent in the electricity and gas sector and 2.7 percent in the housing and food sector has been observed.
According to the data not adjusted for seasonal effects, the activities related to transportation and storage have the highest growth rate of 14.2 percent, while the mining and quarrying sector is the second most growing industrial sector with a growth rate of 9.5 percent.
Similarly, with the increase in the import of construction materials and domestic production, the total value added growth rate of the construction sector is estimated to be 9.1 percent. The growth rate of the manufacturing industry is 7.4 percent and due to the increase in deposits and loans, the value addition rate of the financial and insurance sector is estimated to be 6.6 percent. The growth rate of the business sector is 6.1 percent and the growth rate of the information and technology sector is estimated to be 4.9 percent.
The growth rate of the agricultural sector, which contributes the most to the country's economy, is estimated to be only 3.2 percent. "In addition to the increase in the production of rice, the increase in the production of vegetables, sour fruits and winter fruits and livestock products seems to have a positive effect on the total value addition of this sector," the public statement said.
It is said that there has been some expansion due to the increase in domestic production in the wholesale and retail trade sector, which is the second largest sector of the economy, and the increase in the import of major commercial goods. It is estimated that there has been a significant improvement in the growth of the manufacturing industry due to the gradual improvement in production. In the second quarter, it is estimated that public administration and defense will increase by 3.1 percent, and real estate business will increase by 3.1 percent
