2011 and estimates for q1- q2, 2012 gross domestic …20q2%20gdp... · 2015. 7. 15. · federal...

FEDERAL REPUBLIC OF NIGERIA

(THE PRESIDENCY)

2011 AND ESTIMATES FOR Q1- Q2, 2012

GROSS DOMESTIC PRODUCT FOR

NIGERIA

National Bureau of Statistics Plot 762, Independence Avenue,

Central Business District, Abuja

www.nigerianstat.gov.ng

2

PREFACE

This publication provides data on Quarterly Gross Domestic Product (GDP) estimates for the four

quarters of 2011, the annual figure for 2011, and estimate for the first and second quarters of 2012.

Quarterly National Accounts (QNA) are integrated system of macroeconomic accounts designed to

describe the entire system of production in a nation on a quarterly basis. They provide a picture of the

current economic status of the economy that is more timely and frequent than the one provided by An-

nual National Accounts (ANA). The key attribute of QNA is that they provide a reasonable level of

details of the economy that help government to assess, analyze, and monitor economic growth on a

regular basis.

QNA adopts the same concepts, definitions and structure as ANA. In principle QNA covers the entire

sequence of accounts and balance sheets as reflected in the 1993 System of National Accounts

(SNA).

Data for this analysis were obtained from the Quarterly Establishment Survey (QES) conducted by the

National Bureau of Statistics (NBS) in collaboration with the Central Bank of Nigeria (CBN). This

series covers major aggregates of quarterly GDP by kind of economic activities at current and con-

stant (1990) prices

We are grateful to the CBN for her financial support and the various agencies and establishments that

made their data available as input to the estimates.

Dr. Yemi Kale, Statistician – General,

National Bureau of Statistics,

Abuja – Nigeria.

September, 2012.

3

2011 & Q1 – Q2 2012 GROSS DOMESTIC PRODUCT

FOR NIGERIA

Introduction

The National Bureau of Statistics (NBS), in collaboration with the Central Bank of Nigeria (CBN) has,

since 2005, been conducting Establishment Surveys to provide data for the estimation of the Gross Do-

mestic Product (GDP) for the country. In 2008, the two agencies began to improve the GDP series by

jointly conducting Quarterly Establishment Surveys (QES) for the four quarters of each year to comple-

ment the annual surveys which normally take place in the first and second quarters of the succeeding

year.

In 2011, the National Bureau of Statistics (NBS) and the Central Bank of Nigeria (CBN) conducted the

Quarterly Establishment Surveys for the first three quarters of 2011 (Q1 – Q3, 2011) while the fourth

quarter survey for 2011 was conducted in first quarter of 2012. These four surveys produced the data

that was used for the compilation of the quarterly GDP for the four quarters of 2011 (Q1 – Q4, 2011).

The first quarter GDP estimates for 2012 emanated from the quarterly Economic Survey for quarter

one 2012 which was conducted in the second quarter of 2012. Similarly, the second quarter GDP esti-

mates was compiled from the survey conducted in the third quarter of 2012.

The estimate of the four quarters of 2011 would be revised when the annual socio-economic survey for

2011 is conducted.

In subsequent sections of this report, emphasis will be given to the composition of GDP in the second

quarter of 2012 and the corresponding quarter in 2011.

4

Overall GDP Estimates (2011 and Q1 - Q2 2012)

On an aggregate basis, the economy when measured

by the Real Gross Domestic Product (GDP), grew by

6.28 percent in the second quarter of 2012 as

against 7.61 percent in the corresponding quarter of

2011 as shown in Figure 1. The nominal GDP for

the second quarter of 2012 was estimated at

9,840,226.91 million naira as against 9,170,095.36

million naira recorded during the corresponding

quarter of 2011. The economy, broken into two

broad output groups comprising Oil and Non-oil

sectors, witnessed lower output in the second quarter

of 2012. The non-oil sector was driven by growth in

activities recorded in the building & construction

sector, while oil sector output decreased.

Fig.1: Real GDP Growth Rate

(Q1 - Q4, 2011 and Q1 – Q2, 2012)

Oil Sector

The average daily crude oil production was 2.38 mil-

lion barrels per day in the second quarter of 2012

based on data provided by NNPC to NBS , against

2.45 million barrels per day recorded in the corre-

sponding quarter of 2011.

These figures, with their associated gas components,

resulted in a growth rate, in real terms, of -0.73 per-

cent in oil GDP in the second quarter of 2012 com-

pared with the 0.98 percent recorded for the corre-

sponding period in 2011.

GDP grows at 6.28 % in

the 2nd Quarter 2012

The sector benefited immensely from the favour-

able international crude oil market price and the

exchange rate of the Naira against the dollar. The

Nigerian oil sector also witnessed some levels of

disruptions due to activities of vandals, oil theft and

facility shut downs.

Fig. 2. Oil Sector Indicators

(Q1 - Q4, 2011 – Q1- Q2, 2012) -

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

4.64 6.13 5.01 7.30 7.36 7.86 6.64 7.30 6.17

Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2

2008 2009 2010 2011 2012

5.65

7.45 7.69 7.61

6.28

Gro

wth

(%)

5

The Oil sector contributed about 13.86 percent to real GDP in the second quarter of 2012, compared to

14.84 percent recorded in the corresponding quarter of 2011.

Non-oil sector

The Non-oil sector continued to be a major driver of the economy in the second quarter of 2012. The

sector recorded 7.50 percent growth in real terms in the second quarter of 2012 compared with 8.85

percent in the corresponding period of 2011. Non-oil sector growth slowed in the second quarter of

2012 when compared with the corresponding quarter of 2011 as indicated in Figure 4. The fall was

largely attributed to a decline in activities in the Wholesale & Retail trade, Telecommunications and

agricultural sectors in particular.

In what follows, the performance of the major industries in the non-oil sector in the second quarter of

2012 is further analysed to give a better understanding of their contribution to the Nigerian economy.

Fig. 3: Oil GDP Growth Rate at 1990 Constant Price (Q1-Q4, 2011 and Q1 – Q2, 2012)

Fig.4: Non-Oil GDP Growth Rate at 1990

Constant Price

(Q1-Q4, 2011 and Q1 – Q2, 2012)

Fig. 5: GDP at 1990 Constant Price – Growth

Rate % (Oil & Non-Oil),

(Q1-Q4, 2011 and Q1 – Q2, 2012

-6.55

-5.01 -6.08

-6.90 -6.42

3.86

2.53 2.34

4.08 3.96

5.08

6.56

-2.29

0.98

-0.73

-10.00

-8.00

-6.00

-4.00

-2.00

-

2.00

4.00

6.00

8.00

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2008 2009 2010 2011 2012

Gro

wth

Rat

e (

%)

2011 Q1

2011 Q2

2011 Q3

2011 Q4

2012 Q1

2012 Q2

Crude Petroleum & Natural Gas

0.05 0.98 -0.38 -0.4 -2.32 -0.73

Non - Oil Growth 8.73 8.85 8.7 9.07 7.93 7.5

-4-202468

10

Gro

wth

ra

te

(%

)

6

Agriculture

During the second quarter (April—June) of 2012, like

other years, the major agricultural activities were plant-

ing activities in the Northern part of the country and

harvesting of matured crops in the southern part of the

country. Crop production, which dominates agricultural

activities in the country, is largely driven by rainfall

levels, as well as the ability to open up new areas for

cultivation. Irrigation and other factors such as exten-

sion services and quality of seeds also contributed to

production levels. Crop production is also being in-

creasingly affected by adoption of mechanization but

this is still not a major determinant of output levels,

although it is improving.

The rainfall situation is depicted in figure 6 which

shows the pattern of rainfall in Kaduna State (typical of

northern locations) and Ondo State (typical of Southern

locations).

The rainfall pattern this year as predicted by the Nige-

rian Meteorological Agency shows a decrease in the

volume of rainfall expected when compared with 2011.

Agriculture remains

the largest contribu-

tor to growth in the

Nigerian economy

0.0

50.0

100.0

150.0

200.0

250.0

300.0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Rai

nfa

ll V

olu

me

(m

m)

Ondo State Kaduna State

Fig. 6: Rainfall pattern in Kaduna and Ondo States of

Nigeria

In terms of output, real agricultural GDP growth in

the second quarter of 2012 stood at 3.97 percent as

against 5.95 percent in the corresponding period of

2011. The year on year decline in agriculture output

may be largely attributed to persisting constraints in

some of the major agricultural producing states espe-

cially in the northern part of the country which has

hindered movement of farm inputs and produce, as

well as opportunities to expand farming areas. On an-

other level, high rainfall intensity during the quarter

resulted in flooding in some parts of the country fur-

ther affecting output levels.

Fig. 7: Percentage Share in GDP at 1990 Con-

stant Basic Prices (Q2 2012)

7

Finance & Insurance

The Finance and Insurance sub-sector comprises

banking, insurance, pension and stock-broking

firms. These firms operate in the various segments

of the financial markets such as money market, capi-

tal market and the foreign exchange market. They

play prominent role in ensuring an efficient financial

intermediation in the economy.

As shown in Figure 8, this sector recorded a growth

of 4.77 percent in the second quarter of 2012 com-

pared with 4.61 percent recorded in the same period

of 2011.

The increase in growth of the sector was traceable to

the increased activities in the bond market which has

favoured key players in the industry especially pen-

sion fund managers, banks and insurances firms, thus

increasing the vibrancy in business activities in the

sector.

Wholesale and Retail Trade

This sector, given its level of contribution to total

GDP at 17.12 percent in the second quarter of 2012,

was a major driver of the growth recorded in non-oil

GDP. The wholesale & retail trade sector grew by

8.61 percent in the second quarter of 2012, repre-

senting a decline of 2.86 percent over the 11.47 per-

cent recorded in the corresponding quarter of 2011.

(See Figure 9) The decline in growth recorded in

the second quarter of 2012 was attributed to a de-

crease in consumer demand, as a result of continued

re-allocation of consumption budgets in the face of

generally higher prices of consumer goods while

disposable income remained relatively unchanged.

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

4.85 4.38 4.21 4.04 4.07 3.96 4.11 3.95 3.53

Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2

Max

imum

Len

ding

& A

vera

ge T

erm

Dep

osit

Rat

es

Fina

nce

& In

sura

nce

Gro

wth

Rat

e (%

)

Average Term Deposit Rate

Fig 8: Finance & Insurance Growth Rate (Q1- Q4,

2011 and Q1 – Q2, 2012)

-

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

18.00

20

08

20

09

20

10

20

11

20

12

17.17

12.15 11.89 11.80

8.61

Gro

wth

Rat

e (

%)

Fig 9: Wholesale and Retail Trade Growth Rate (Q1-

Q4, 2008 and Q1 – Q2, 2012)

8

Telecommunications

This sector continued to perform impressively and

has remained one of the major drivers of growth in

the Nigerian economy with its contribution to total

GDP increasing continuously.

With a highly competitive market backed by in-

tensive marketing strategies and value added ser-

vices by operators, the sector has continued to

add more services to its activities.

Demand for telecommunications services, while

still surging, grew at a slower rate compared to the

corresponding level in 2011. Accordingly, the

telecommunication sector recorded a real GDP

growth of 29.77 percent in the second quarter of

2012 compared to 33.70 percent recorded in the

corresponding period of 2011. Figure 10 shows

the performance of the sector in the second quarter

of 2012.

Real Estate

The sector is characterised by two major classes

of properties: the low end and the high end. While

the low end includes places of low development

which are driven by investments from individuals

and few corporate bodies mostly in form of resi-

dential buildings, the high end comprises of those

areas where aggressive and high valued invest-

ments into real estate properties are made. The

situation at the high end areas is nearing a zero-

demand situation given the credit liquidity con-

straint witnessed in the Nigerian economy in dur-

ing the period. However, investments from indi-

viduals and some corporate entities still trickle

into the low end of the sector.

The growth recorded in the sector stood at 10.87

percent in the second quarter of 2012 compared

with 10.48 percent in corresponding period of

2011.

Real Estate activities

continues to boom

driven by investments

at the low end

Manufacturing

During the second quarter of 2012, manufacturing

activities increased relative to the same period in

2011. It recorded an increase in growth rate from

7.34 percent in the second quarter of 2011 to 7.45

percent in the review period in 2012 as shown in

Figure 11. The development is traceable to the

noticeably improving power supply for manufac-

turing activities in parts of the country.

-

5.00

10.00

15.00

20.00

25.00

30.00

35.00

40.00

31.60 31.74 32.54 32.7736.31

29.77

Gro

wth

Ra

te (%

)

Fig 10: Telecommunication & Post Growth Rate

% (Q1- Q4, 2011 and Q1 – Q2, 2012)

-

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1

9.36

7.73 7.69 7.5 7.45

Gro

wth

Rat

e (

%)

Fig 11: Manufacturing Growth Rate % (Q1-

Q4, 2011 and Q1 -Q2 2012)

9

Business and Other services

The Business and Other Services sector recorded a real

GDP growth of 11.27 percent in the second quarter of

2012 compared to 11.03 percent recorded in the corre-

sponding quarter of 2011. The improvement in growth

recorded in the second quarter of 2012 relative to its

performance in the second quarter of 2011 was trace-

able to the impact of increased micro-credit to small

business enterprises by Microfinance Banks (MFBs).

Figure 12 shows the percentage contribution of

key sectors to the Nigerian economy in the four

quarters of 2008 2009, 2010,2011 and the first and

second quarters of 2012 while Figures 13 and 14

show the growth rate of key sectors for the four

quarters of 2008 to the first two quarters of 2012

and the second quarter of 2012 respectively.

GDP Estimates for 2011, Q1 – Q2, 2012

In what follows, the results of the various

computations that gave rise to the analyses of

the National Accounts estimates for 2011,

and the first two quarters of 2012 are as indi-

cated in Tables 1- 6.

Fig 13: Growth Rate of Key Sectors %

(Q1 – Q4, 2011 & Q1 – Q2, 2012)

Fig 14: Q2, 2012 Drivers of the Economy Fig 12: Contribution of key sectors to GDP in

percentage (Q1- Q4, 2011 and Q1 – Q2, 2012)

4.0

11.8

-0.7

7.5

29.8

4.88.6

12.5 12.3 10.9 11.3

-5.00

-

5.00

10.00

15.00

20.00

25.00

30.00

35.00

10

Table 1: Gross Domestic Product At Current Basic Prices (=N=Million): 2011 And Q1 – Q2, 2012.

ACTIVITY SECTOR

2011 2012

Q1 Q2 Q3 Q4 Total Q1 Q2

Crop Pro-duction

1,873,558.64 2,447,492.23 3,264,165.77 2,735,099.58 10,320,316.22 2,067,136.85 2,695,912.69

Livestock 183,133.99 174,287.08 188,485.89 210,160.54 756,067.50 205,706.18 196,351.83 Forestry 29,579.84 36,993.00 34,715.99 38,886.80 140,175.63 35,299.20 39,316.16 Fishing 99,969.02 94,606.83 82,883.38 96,101.60 373,560.83 109,629.76 107,605.81 Coal Mining 0.28 0.23 0.11 0.22 0.84 0.31 0.29 Crude Petro-leum & Natu-ral Gas

3,735,757.93 3,664,589.07 3,900,446.08 4,215,138.16 15,515,931.24 4,002,861.55 3,602,964.17

Metal Ores 14.99 13.57 10.33 6.17 45.05 17.35 17.31 Quarrying & Other Mining

14,130.55 10,126.45 13,223.36 14,903.88 52,384.23 14,416.09 12,059.58

Oil Refining 18,111.33 15,673.66 15,312.04 21,557.26 70,654.30 22,103.25 16,767.68 Cement 5,787.89 6,502.31 6,039.44 7,457.65 25,787.30 6,908.06 7,629.16 Other Manu-facturing

27,852.24 132,750.45 167,948.04 269,729.88 598,280.61 28,679.91 150,552.29

Electricity 19,394.84 18,114.92 18,635.05 21,283.19 77,428.00 20,077.73 21,614.72 Water 806.63 919.93 883.14 675.25 3,284.94 889.81 1,132.07 Building & Construction

114,539.37 121,583.07 104,046.50 115,870.07 456,039.02 124,921.06 149,449.91


1,310,651.16 1,494,012.78 1,296,408.07 1,286,936.54 5,388,008.55 1,545,798.06 1,691,670.67

Hotel and Restaurants

33,463.92 28,648.90 34,621.38 34,064.02 130,798.22 36,639.94 34,731.06

Road Trans-port

105,732.99 147,026.57 131,174.38 144,559.08 528,493.03 114,373.29 178,431.45

Rail Trans-port & Pipe-lines

1.55 3.48 2.44 4.18 11.65 1.59 4.18

Water Trans-port

275.21 415.64 476.81 340.68 1,508.34 285.50 501.30

Air Transport 1,444.74 1,590.45 1,833.55 1,704.91 6,573.66 1,577.25 1,928.43 Transport Services

4,661.40 6,664.09 8,389.08 8,734.77 28,449.34 4,945.72 8,150.84

Telecommu-nications

66,787.83 87,021.86 67,112.28 70,790.12 291,712.09 75,027.40 98,917.74

Post 449.19 471.71 457.59 564.95 1,943.44 499.12 542.61 Financial Institutions

146,678.28 138,735.34 131,421.84 140,081.99 556,917.45 158,928.23 158,768.72

Insurance 4,033.13 4,731.39 4,095.14 4,502.39 17,362.05 4,667.44 5,648.34 Real Estate 303,063.53 355,590.26 362,553.30 402,847.84 1,424,054.94 324,715.26 445,092.33 Business Services (Not Health or education)

21,919.24 22,149.02 23,505.21 23,671.85 91,245.32 23,183.50 26,629.77

Public Ad-ministration

63,343.92 60,441.38 59,703.07 69,865.13 253,353.50 65,409.70 71,689.52

Education 16,414.00 16,639.93 16,336.91 16,080.50 65,471.33 17,621.21 20,342.31 Health 3,654.45 3,752.57 3,329.22 3,498.99 14,235.23 3,777.16 4,383.75 Private Non Profit Or-ganisations

68.51 69.58 65.34 73.11 276.54 74.66 86.90

Other Ser-vices

105,071.16 77,731.77 74,800.49 92,494.33 350,097.75 125,768.37 90,479.78

Broadcast-ing

875.85 745.84 676.34 888.56 3,186.60 918.00 853.54

GDP Current Basic Price

8,311,227.61 9,170,095.36 10,013,757.56 10,048,574.17 37,543,654.70 9,142,858.51 9,840,226.91

Net Indirect Taxes

154,442.69 156,619.47 174,641.93 149,553.03 646,030.51 160,585.96 167,087.22

GDP Current Market Price

8,465,670.30 9,326,714.83 10,188,399.49 10,198,127.20 38,189,685.21 9,303,444.47 10,007,314.13

7.31

11

Table 2: Gross Domestic Product At 1990 Constant Basic Prices (=N=Million):

2011 And Q1 – Q2, 2012

ACTIVITY SECTOR 2011 2012


Crop Production 51,556.61 68,778.17 90,653.88 87,620.74 298,609.40 53,624.03 71,302.33

Livestock 5,027.26 5,618.12 5,193.08 5,679.35 21,517.81 5,248.46 5,982.74

Forestry 1,051.91 1,064.48 1,059.76 1,075.93 4,252.09 1,112.50 1,125.26

Fishing 2,637.12 2,749.07 2,739.16 2,887.28 11,012.63 2,790.07 2,906.04

Coal Mining 0.05 0.05 0.05 0.05 0.21 0.06 0.06


29,463.07 27,902.51 32,586.28 33,344.75 123,296.61 28,778.93 27,699.15

Metal Ores 2.32 4.96 3.55 3.92 14.75 2.56 5.48

Quarrying & Other Mining

519.15 673.59 918.39 840.43 2,951.56 579.89 752.81

Oil Refining 283.06 285.61 273.02 273.68 1,115.37 300.47 305.63

Cement 201.02 202.36 180.94 168.46 752.78 221.99 226.00

Other Manufacturing 1,448.33 6,870.71 7,564.00 16,960.12 32,843.16 1,509.45 7,375.02

Electricity 4,216.98 5,416.84 7,525.13 6,907.71 24,066.66 4,326.20 5,560.93

Water 298.94 318.02 326.81 325.56 1,269.33 325.16 351.39

Building & Construc-tion

4,844.89 3,928.41 3,684.47 4,891.14 17,348.90 5,486.84 4,418.28


39,314.78 31,501.51 41,748.87 48,945.96 161,511.11 42,597.56 34,213.79

Hotel and Restau-rants

1,129.64 993.97 1,137.05 1,098.03 4,358.70 1,258.99 1,116.23

Road Transport 4,675.90 4,742.69 5,165.08 5,427.03 20,010.70 4,960.66 5,038.63

Rail Transport & Pipelines

0.32 0.73 0.52 0.80 2.37 0.34 0.77

Water Transport 108.32 110.58 115.37 116.13 450.40 114.49 116.72

Air Transport 122.62 108.75 121.28 139.76 492.41 131.09 115.58

Transport Services 295.49 272.58 289.21 340.87 1,198.15 313.93 287.11

Telecommunications 9,875.97 11,071.17 12,295.94 13,788.53 47,031.62 13,149.86 14,394.74

Post 125.83 136.01 162.02 166.96 590.82 135.70 148.38

Financial Institutions 6,838.28 7,277.98 6,494.76 6,878.61 27,489.62 7,060.52 7,609.85

Insurance 321.91 321.33 313.80 323.24 1,280.29 352.49 352.02

Real Estate 3,382.13 3,653.14 3,815.80 4,031.75 14,882.82 3,699.71 4,050.24

Business Services (Not Health or educa-tion)

230.79 248.70 241.62 233.65 954.76 242.63 263.67

Public Administra-tion

1,289.85 1,311.03 1,345.92 1,350.62 5,297.42 1,334.35 1,364.65

Education 428.34 437.37 442.72 424.82 1,733.25 466.93 482.59

Health 100.33 98.52 101.81 98.28 398.94 108.53 108.06

Private Non Profit Organisations

8.54 8.44 8.64 8.67 34.29 9.42 9.33

Other Services 1,571.96 1,756.15 1,628.12 1,757.07 6,713.30 1,698.51 1,967.07

Broadcasting 164.31 167.33 176.46 171.49 679.59 177.15 181.00

GDP at 1990 con-stant price

171,536.01 188,030.90 228,313.51 246,281.41 834,161.83 182,119.44 199,831.56

Net Indirect Taxes 4,698.74 4,574.85 4,987.83 4,044.97 18,306.39 4,300.75 4,558.48

GDP Constant Mar-ket Price

176,234.75 192,605.76 233,301.34 250,326.39 852,468.23 186,420.19 204,390.04

6.17 6.28

12

Table 3: Implicit Price Deflators: 2011 And Q1 – Q2, 2012



Crop Production 3,633.98 3,558.53 3,600.69 3,121.52 3,456.13 3,854.87 3,780.96

Livestock 3,642.82 3,102.23 3,629.56 3,700.43 3,513.68 3,919.36 3,281.97

Forestry 2,812.02 3,475.21 3,275.82 3,614.24 3,296.63 3,172.97 3,493.95

Fishing 3,790.84 3,441.41 3,025.87 3,328.44 3,392.11 3,929.28 3,702.83

Coal Mining 543.64 449.36 205.99 439.39 409.94 554.03 517.26


12,679.46 13,133.55 11,969.59 12,641.09 12,584.23 13,909.00 13,007.49

Metal Ores 646.73 273.79 290.72 157.29 305.47 676.87 315.72


2,721.88 1,503.35 1,439.84 1,773.36 1,774.80 2,486.02 1,601.95

Oil Refining 6,398.42 5,487.73 5,608.41 7,876.88 6,334.61 7,356.28 5,486.19

Cement 2,879.26 3,213.20 3,337.86 4,426.86 3,425.59 3,111.93 3,375.75

Other Manufacturing 1,923.06 1,932.12 2,220.36 1,590.38 1,821.63 1,900.03 2,041.38

Electricity 459.92 334.42 247.64 308.11 321.72 464.10 388.69

Water 269.83 289.26 270.23 207.41 258.79 273.65 322.17

Building & Construction

2,364.13 3,094.97 2,823.92 2,368.98 2,628.63 2,276.74 3,382.54


3,333.74 4,742.67 3,105.25 2,629.30 3,336.00 3,628.84 4,944.41

Hotel and Restaurants 2,962.35 2,882.28 3,044.83 3,102.27 3,000.86 2,910.27 3,111.47

Road Transport 2,261.23 3,100.07 2,539.64 2,663.68 2,641.05 2,305.61 3,541.27


484.52 477.38 468.42 522.88 491.73 472.07 542.07

Water Transport 254.08 375.86 413.30 293.35 334.89 249.37 429.49

Air Transport 1,178.24 1,462.49 1,511.85 1,219.85 1,334.99 1,203.16 1,668.49

Transport Services 1,577.51 2,444.79 2,900.68 2,562.52 2,374.44 1,575.42 2,838.91

Telecommunications 676.27 786.02 545.81 513.40 620.25 570.56 687.18

Post 356.98 346.81 282.42 338.38 328.94 367.82 365.69

Financial Institutions 2,144.96 1,906.24 2,023.51 2,036.49 2,025.92 2,250.94 2,086.36

Insurance 1,252.88 1,472.43 1,305.01 1,392.87 1,356.11 1,324.13 1,604.56

Real Estate 8,960.72 9,733.82 9,501.37 9,991.89 9,568.45 8,776.77 10,989.29

Business Services (Not Health or education)

9,497.33 8,905.85 9,728.35 10,131.18 9,556.84 9,554.95 10,099.51

Public Administration 4,910.94 4,610.23 4,435.87 5,172.81 4,782.58 4,901.97 5,253.33

Education 3,832.04 3,804.54 3,690.13 3,785.24 3,777.38 3,773.85 4,215.20

Health 3,642.49 3,808.85 3,270.11 3,560.06 3,568.24 3,480.45 4,056.80


802.47 824.86 756.03 843.15 806.56 792.85 930.93

Other Services 6,684.07 4,426.25 4,594.29 5,264.13 5,214.98 7,404.65 4,599.73

Broadcasting 533.03 445.73 383.28 518.15 468.90 518.21 471.57

Implicit Price Deflator 4,845.18 4,876.91 4,385.97 4,080.12 4,500.76 5,020.25 4,924.26

13

Table 4: Gross Domestic Product At Current Basic Prices Percentage Distribution:

2011 And Q1—Q2, 2012



Crop Production 22.54 26.69 32.60 27.22 27.49 22.61 27.40

Livestock 2.20 1.90 1.88 2.09 2.01 2.25 2.00

Forestry 0.36 0.40 0.35 0.39 0.37 0.39 0.40

Fishing 1.20 1.03 0.83 0.96 1.00 1.20 1.09

Coal Mining 0.00 0.00 0.00 0.00 0.00 0.00 0.00


44.95 39.96 38.95 41.95 41.33 43.78 36.61

Metal Ores 0.00 0.00 0.00 0.00 0.00 0.00 0.00


0.17 0.11 0.13 0.15 0.14 0.16 0.12

Oil Refining 0.22 0.17 0.15 0.21 0.19 0.24 0.17

Cement 0.07 0.07 0.06 0.07 0.07 0.08 0.08

Other Manufacturing 0.34 1.45 1.68 2.68 1.59 0.31 1.53

Electricity 0.23 0.20 0.19 0.21 0.21 0.22 0.22

Water 0.01 0.01 0.01 0.01 0.01 0.01 0.01

Building & Construc-tion

1.38 1.33 1.04 1.15 1.21 1.37 1.52


15.77 16.29 12.95 12.81 14.35 16.91 17.19

Hotel and Restau-rants

0.40 0.31 0.35 0.34 0.35 0.40 0.35

Road Transport 1.27 1.60 1.31 1.44 1.41 1.25 1.81


0.00 0.00 0.00 0.00 0.00 0.00 0.00

Water Transport 0.00 0.00 0.00 0.00 0.00 0.00 0.01

Air Transport 0.02 0.02 0.02 0.02 0.02 0.02 0.02

Transport Services 0.06 0.07 0.08 0.09 0.08 0.05 0.08


Post 0.01 0.01 0.00 0.01 0.01 0.01 0.01

Financial Institutions 1.76 1.51 1.31 1.39 1.48 1.74 1.61

Insurance 0.05 0.05 0.04 0.04 0.05 0.05 0.06

Real Estate 3.65 3.88 3.62 4.01 3.79 3.55 4.52

Business Services (Not Health or educa-tion)

0.26 0.24 0.23 0.24 0.24 0.25 0.27

Public Administration 0.76 0.66 0.60 0.70 0.67 0.72 0.73

Education 0.20 0.18 0.16 0.16 0.17 0.19 0.21

Health 0.04 0.04 0.03 0.03 0.04 0.04 0.04


0.00 0.00 0.00 0.00 0.00 0.00 0.00

Other Services 1.26 0.85 0.75 0.92 0.93 1.38 0.92

Broadcasting 0.01 0.01 0.01 0.01 0.01 0.01 0.01

Total 100.00 100.00 100.00 100.00 100.00 100.00 100.00

14

Table 5: Gross Domestic Product At 1990 Basic Prices Percentage Distribution:

2011 And Q1—Q2, 2012



Crop Production 30.06 36.58 39.71 35.58 35.80 29.44 35.68

Livestock 2.93 2.99 2.27 2.31 2.58 2.88 2.99

Forestry 0.61 0.57 0.46 0.44 0.51 0.61 0.56

Fishing 1.54 1.46 1.20 1.17 1.32 1.53 1.45

Coal Mining 0.00 0.00 0.00 0.00 0.00 0.00 0.00


17.18 14.84 14.27 13.54 14.78 15.80 13.86

Metal Ores 0.00 0.00 0.00 0.00 0.00 0.00 0.00


0.30 0.36 0.40 0.34 0.35 0.32 0.38

Oil Refining 0.17 0.15 0.12 0.11 0.13 0.16 0.15

Cement 0.12 0.11 0.08 0.07 0.09 0.12 0.11

Other Manufacturing 0.84 3.65 3.31 6.89 3.94 0.83 3.69

Electricity 2.46 2.88 3.30 2.80 2.89 2.38 2.78

Water 0.17 0.17 0.14 0.13 0.15 0.18 0.18

Building & Construction

2.82 2.09 1.61 1.99 2.08 3.01 2.21


22.92 16.75 18.29 19.87 19.36 23.39 17.12

Hotel and Restaurants

0.66 0.53 0.50 0.45 0.52 0.69 0.56

Road Transport 2.73 2.52 2.26 2.20 2.40 2.72 2.52


0.00 0.00 0.00 0.00 0.00 0.00 0.00

Water Transport 0.06 0.06 0.05 0.05 0.05 0.06 0.06

Air Transport 0.07 0.06 0.05 0.06 0.06 0.07 0.06

Transport Services 0.17 0.14 0.13 0.14 0.14 0.17 0.14


Post 0.07 0.07 0.07 0.07 0.07 0.07 0.07

Financial Institutions 3.99 3.87 2.84 2.79 3.30 3.88 3.81

Insurance 0.19 0.17 0.14 0.13 0.15 0.19 0.18

Real Estate 1.97 1.94 1.67 1.64 1.78 2.03 2.03

Business Services (Not Health or education)

0.13 0.13 0.11 0.09 0.11 0.13 0.13

Public Administration 0.75 0.70 0.59 0.55 0.64 0.73 0.68

Education 0.25 0.23 0.19 0.17 0.21 0.26 0.24

Health 0.06 0.05 0.04 0.04 0.05 0.06 0.05


0.00 0.00 0.00 0.00 0.00 0.01 0.00

Other Services 0.92 0.93 0.71 0.71 0.80 0.93 0.98

Broadcasting 0.10 0.09 0.08 0.07 0.08 0.10 0.09

Total 100.00 100.00 100.00 100.00 100.00 100.00 100.00

15

Table 6: 2011 and Q1—Q2 2012 Real Gross Domestic Product (Constant 1990): Sectoral

Contribution & Growth Rate (Percentages)

2011 2012


Contribution to GDP in (%)

Agriculture 35.14 41.59 43.64 39.49 40.21 34.47 40.69

Solid Mineral 0.30 0.36 0.40 0.34 0.36 0.32 0.38

Crude Petroleum & Natural Gas 17.18 14.84 14.27 13.54 14.78 15.80 13.86

Manufacturing 1.13 3.91 3.51 7.07 4.16 1.12 3.96

Telecommunication & Post 5.83 5.96 5.46 5.67 5.71 7.29 7.28

Finance & Insurance 4.17 4.04 2.98 2.92 3.45 4.07 3.98

Wholesale and Retail Trade 22.92 16.75 18.29 19.87 19.36 23.39 17.12

Building and Construction 2.82 2.09 1.61 1.99 2.08 3.01 2.21

Hotel and Restaurants 0.66 0.53 0.50 0.45 0.52 0.69 0.56

Real Estate 1.97 1.94 1.67 1.64 1.78 2.03 2.03

Business and Other Services 1.05 1.07 0.82 0.81 0.92 1.07 1.12

Others 6.83 6.91 6.84 6.22 6.67 6.74 6.81

Sectoral Growth (%)

Agriculture 5.54 5.95 5.60 5.74 5.71 4.15 3.97

Solid Mineral 12.86 11.82 11.56 10.31 11.48 11.69 11.75

Crude Petroleum & Natural Gas 0.05 0.98 -0.38 -0.40 0.02 -2.32 -0.73

Manufacturing 6.16 7.34 8.38 7.50 7.60 5.15 7.45

Telecommunication & Post 33.36 33.70 35.13 36.31 34.76 32.83 29.77

Finance & Insurance 4.11 4.61 3.95 3.22 3.98 3.53 4.77

Wholesale and Retail Trade 10.13 11.47 11.82 11.80 11.33 8.35 8.61

Building and Construction 13.22 12.24 11.32 12.05 12.26 13.25 12.47

Hotel and Restaurants 12.20 12.39 11.79 12.01 12.09 11.45 12.30

Real Estate 9.46 10.48 10.57 11.01 10.41 9.39 10.87

Business and Other Services 8.61 11.03 8.51 9.81 9.52 7.68 11.27

Others 4.88 4.64 5.06 5.55 5.06 4.77 4.80

Real Growth at Basic Prices 7.13 7.61 7.30 7.68 7.45 6.17 6.28

Non - Oil Growth 8.73 8.85 8.70 9.07 8.85 7.93 7.50

2011 and estimates for q1- q2, 2012 gross domestic …20q2%20gdp... · 2015. 7. 15. · federal...

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