Gross domestic product growth
According to the National Statistics
Administrative Department’s (DANE), the Gross Domestic Product annual growth, for the
first quarter of year 2000, was 2.23%, this registers a positive annual growth rate after
6 quarter of negatives rates. It is outstanding, that the economy was decreasing in annual
rates of -0.98% in the fourth quarter of 1999, -3.66% in the third, -6.74% in the second
and -5.64% in the first. Most of the sectors registered positive points in their annual
variation, except the construction sector and the financial sector that registered
negatives growth rates of -6.14% and -1.04% respectively. On the other hand, the sectors
with the mayor growth rate were, manufacturing industry, which grew 8.88%, the highest of
the past periods, and electricity, gas and water with a 4.06%.
REAL GDP GROWTH BY
SECTOR %
SECTOR |
1995 |
1996 |
1997 |
1998 p |
1999 p |
2000 p |
AGRICULTURE and LIVESTOCK, FISHING, FORESTRY and
HUNTING |
3.73 |
-1.24 |
0.65 |
0.60 |
-0.19 |
1.47 |
MINING AND QUARRY EXPLOITATION |
14.57 |
7.29 |
3.69 |
6.66 |
4.86 |
1.44 |
ELECTRICITY, GAS AND WATER |
2.58 |
4.90 |
0.96 |
0.86 |
-3.48 |
4.06 |
MANUFACTURING INDUSTRY |
5.54 |
-1.38 |
0.51 |
-0.28 |
-12.43 |
8.88 |
CONSTRUCTION |
1.90 |
-12.94 |
2.18 |
-11.98 |
-24.27 |
-6.14 |
COMMERCE, REPAIRS, RESTAURANTS AND HOTELS |
3.83 |
-0.91 |
1.68 |
-0.20 |
-8.91 |
2.85 |
TRANSPORT, STORAGE AND COMMUNICATION |
6.51 |
3.83 |
5.82 |
3.45 |
-2.85 |
2.85 |
FINANCIAL, INSURANCE, REAL STATE AND SERVICE
INSTITUTIONS |
8.63 |
5.17 |
4.92 |
-2.56 |
-6.14 |
-1.04 |
SOCIAL SERVICES, COMMON AND PERSONAL |
8.96 |
16.18 |
7.19 |
1.68 |
3.97 |
1.35 |
Minus: Imputed banking services |
26.00 |
16.74 |
2.72 |
-14.81 |
-23.31 |
-7.26 |
Subtotal value added |
5.20 |
2.15 |
3.47 |
0.67 |
-3.58 |
2.39 |
Plus taxes except IVA |
1.41 |
3.16 |
-4.28 |
-1.23 |
-7.43 |
-8.00 |
Minus: Subsidies |
-0.87 |
8.00 |
9.14 |
5.03 |
1.14 |
27.02 |
Plus non deducible IVA |
5.26 |
-0.04 |
5.84 |
-2.57 |
-13.53 |
4.19 |
Plus: Duties and taxes on imports |
12.06 |
0.90 |
10.60 |
0.86 |
-18.58 |
10.62 |
GROSS DOMESTIC PRODUCT |
5.20 |
2.06 |
3.43 |
0.48 |
-4.29 |
2.23 |
|
p : Provisional.
Source: National Administrative Department of Statistics(DANE). |
