National Accounts
Gross Domestic Product
GDP Expenditure Approach
GDP Income Approach
General Government Accounts
Gross Domestic Product
Building Statistics shows the number and value of permits and completion certificates issued during a period. The information is compiled using data supplied by the City and Town Councils.
| INDUSTRY | 2015 | 2016 | 2017 | 2018 | 2019[r] | 2020[r] | 2021[r] | 2022[p] |
|---|---|---|---|---|---|---|---|---|
| REAL GDP | 4.5 | 2.4 | 5.4 | 3.8 | -0.6 | -17.0 | -4.9 | 20.0 |
| AGRICULTURE | 6.3 | -8.7 | 12.0 | 5.5 | 5.7 | 4.1 | 1.1 | 4.2 |
| FORESTRY AND LOGGING | -21.3 | -44.1 | -7.3 | 16.2 | -5.2 | 3.1 | 34.1 | -8.9 |
| FISHING AND AQUACULTURE | -4.6 | -10.3 | 6.9 | -14.8 | -4.0 | -7.7 | -16.8 | 11.7 |
| MINING AND QUARRYING | 16.4 | 6.1 | -20.7 | -16.7 | 15.7 | -4.6 | -7.3 | -14.6 |
| MANUFACTURING | 5.9 | 6.0 | 1.4 | 2.3 | -2.3 | -8.3 | -1.7 | 1.0 |
| ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY | 23.5 | 19.6 | 33.9 | 36.2 | -12.0 | -13.1 | 3.3 | 27.8 |
| WATER SUPPLY, SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES | 1.9 | 0.2 | 13.0 | 2.7 | 1.0 | -7.9 | -1.8 | 3.7 |
| CONSTRUCTION | 4.0 | 10.1 | 9.7 | 7.6 | 9.0 | -16.7 | -32.9 | 19.3 |
| WHOLESALE AND RETAIL AND REPAIR OF MOTOR VEHICLES AND MOTOR CYCLES | 3.6 | 8.9 | 1.7 | -3.3 | 1.6 | -2.4 | -13.6 | 7.2 |
| TRANSPORT AND STORAGE | -5.0 | -10.1 | 10.6 | -0.5 | -22.6 | -95.7 | 834.3 | 248.5 |
| ACCOMMODATION AND FOOD SERVICE ACTIVITIES | 5.4 | -9.8 | 5.8 | 6.0 | 8.1 | -68.3 | -45.0 | 270.5 |
| INFORMATION AND COMMUNICATION | 10.6 | 8.7 | -3.6 | 1.2 | -0.8 | -11.1 | -3.4 | 8.8 |
| FINANCIAL AND INSURANCE ACTIVITIES | -1.3 | -2.9 | 5.1 | 1.1 | 0.6 | -2.4 | 4.4 | 20.7 |
| REAL ESTATE ACTIVITIES | 2.0 | -9.1 | 8.7 | 2.8 | 2.7 | -4.7 | -5.8 | -1.9 |
| PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES | 1.2 | 4.5 | 3.2 | 2.2 | -2.1 | -15.5 | -11.7 | 13.6 |
| ADMINISTRATIVE AND SUPPORT SERVICES | 7.6 | -10.7 | 4.2 | 5.0 | 6.3 | -36.0 | -38.7 | 104.5 |
| PUBLIC ADMINISTRATION AND DEFENCE COMPULSORY SOCIAL SECURITY | 8.6 | 2.4 | 2.9 | 5.2 | -0.9 | -2.1 | -7.8 | 1.7 |
| EDUCATION | 2.7 | 4.5 | 4.1 | 2.2 | 1.6 | -1.7 | 0.1 | 2.7 |
| HUMAN HEALTH AND SOCIAL WORK ACTIVITIES | 0.8 | 2.2 | -0.6 | 6.1 | 25.5 | 19.5 | 18.4 | -31.0 |
| ARTS, ENTERTAINMENT AND RECREATION ACTIVITIES | 0.9 | 5.9 | -1.1 | 0.3 | 6.9 | -21.6 | -32.1 | 48.4 |
| OTHER SERVICE ACTIVITIES | 3.8 | 0.7 | -0.8 | 2.0 | 0.2 | -7.9 | -30.2 | 37.0 |
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GDP Expenditure Approach
The income generated during the production process is used by final users for purchased of goods and services in an economy. Hence GDP can also be calculated by Expenditure Approach i.e. by summing the Final Consumption Expenditure (FCE), Gross Capital Formation (GCF) and Net Exports (NX). The expenditure approach works on the principle that all of the products must be purchased.
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GDP Income Approach
Income is generated for different institutional units in the economy during the production process. For instance, through the sale of materials for use as inputs by other establishments, receipts by owners for the use of their capital and the net tax receipts by government. Hence GDP can also be calculated as a sum of Compensation of Employees (COE), Gross Operating Surplus/Mixed Income (GOS/MI) and Net taxes on Production and Imports.
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General Government Accounts
This report contains statistics on the activities of organizations included in the category of the General Government for the given year. The General Government category includes the Central Government, Local Governments and the Statutory Bodies.
Information on the activities of organizations under General Government have been gathered, classified, analyzed and presented in a functional and economic framework following the 2008 United Nations System of National Accounts. The system provides a comprehensive and detailed framework for the systematic and integrated recording of the flows and stocks of an economy.