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GDP growth positive

September 25, 2012 1:16 am

Provisional figures show that the Gross Domestic Product last year saw huge improvements.

The Bureau of Statistics has released the 2011 GDP showing an increase of 1.9 per cent.

Economic expansion was 1.8 per cent points higher than 2010.

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Major contributors were agriculture including sugarcane and taro output.

Financial intermediation such as insurance increased as well.

High growth in these areas offset sizeable declines in Public Administration and Defence which dropped by over nine per cent and domestic trade which fell by 3.2 per cent.

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