Gross domestic product growth
For the first quarter of 1999, Gross
Domestic Product estimates from the National Planning Department (DNP) shows a 4.8%
reduction. This is the largest contraction since GDP quarterly figures exist (1977), and
it is the first time that negative growth has been registered in three consecutive
quarters. The lowest growth rates sectors are manufacturing (-16.8%), construction
(-15.9%), trade, restaurants and hotels (-6.3%), financial sector including housing
(-4.2%). Sectors that showed a positive rate of growth were mining (5.4%) and agriculture
(5.2%). On the other hand, the electricity gas and water sector contracted by 2.5% while
social services, commons and personals sector increased by 1.9%.
REAL GDP GROWTH BY
SECTOR %
SECTOR |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996pr |
1997p |
1998p |
1999 e
first quarter |
AGRICULTURE
and CATTLE, FISHERY, FORESTRY and HUNTING |
7.46 |
2.85 |
0.75 |
0.67 |
-0.28 |
2.56 |
0.87 |
-0.10 |
0.83 |
5.20 |
a.
Roasted non-decaffeinated coffee 1/ |
24.72 |
3.45 |
9.96 |
-16.10 |
-11.64 |
1.09 |
-6.35 |
-3.25 |
12.48 |
5.00 |
b.
Agriculture and Cattle without coffee |
3.28 |
2.54 |
-2.10 |
6.59 |
2.92 |
3.19 |
2.94 |
0.24 |
-0.63 |
6.80 |
c.
Fishery, forestry and hunting |
3.85 |
5.50 |
1.30 |
-2.41 |
-3.05 |
-4.49 |
-10.10 |
2.81 |
-4.39 |
-35.00 |
MINING AND QUARRY
EXPLOITATION |
5.92 |
-0.64 |
-3.88 |
-1.66 |
1.62 |
21.68 |
7.69 |
2.78 |
10.01 |
5.40 |
ELECTRICITY, GAS
AND WATER |
3.77 |
3.06 |
-5.80 |
14.03 |
6.16 |
5.08 |
2.84 |
4.43 |
1.22 |
-2.50 |
MANUFACTURING 2/ |
1.95 |
2.06 |
1.90 |
4.78 |
3.20 |
3.81 |
-3.84 |
2.52 |
-0.49 |
-16.80 |
CONSTRUCTION |
-13.07 |
0.25 |
7.26 |
18.20 |
19.23 |
4.21 |
-0.48 |
-3.08 |
-14.37 |
-15.90 |
TRADE, REPAIRS,
RESTAURANTS AND HOTELS |
2.82 |
0.43 |
2.55 |
9.14 |
6.08 |
8.23 |
-0.33 |
3.96 |
0.89 |
-6.30 |
TRANSPORT, STORAGE
AND COMMUNICATION |
3.74 |
3.44 |
5.33 |
4.35 |
5.80 |
4.74 |
4.51 |
5.59 |
3.73 |
-2.30 |
Transport |
1.74 |
2.42 |
5.78 |
4.45 |
5.54 |
3.53 |
3.60 |
0.94 |
1.46 |
-5.50 |
Mail Services and
telecomunications |
11.99 |
7.25 |
3.72 |
3.96 |
6.78 |
9.13 |
7.65 |
18.14 |
8.76 |
3.90 |
FINANCIAL,
INSURANCE, REAL STATE AND SERVICE INSTITUTIONS |
6.20 |
4.94 |
3.54 |
5.29 |
13.02 |
8.32 |
4.73 |
2.48 |
-2.64 |
-4.20 |
Finance and
services 3/ |
9.29 |
6.18 |
4.07 |
6.38 |
18.77 |
13.01 |
5.75 |
1.78 |
-11.51 |
-14.00 |
Housing |
2.90 |
3.53 |
2.92 |
4.00 |
6.10 |
2.00 |
3.20 |
2.73 |
2.66 |
2.50 |
SOCIAL SERVICES,
COMMONS AND PERSONALS 4/ |
2.75 |
1.03 |
8.51 |
1.05 |
3.81 |
6.86 |
9.44 |
4.02 |
0.98 |
1.90 |
Domestic |
2.00 |
2.00 |
2.00 |
2.40 |
2.39 |
2.40 |
1.80 |
-1.76 |
-1.74 |
-1.20 |
Public
administration services (Government) |
2.85 |
-0.32 |
12.52 |
0.20 |
2.74 |
7.67 |
10.90 |
4.56 |
0.88 |
2.50 |
Minus: Imputedo
banking services |
-3.36 |
9.30 |
-3.61 |
13.80 |
16.20 |
20.06 |
9.20 |
2.85 |
-14.13 |
-14.00 |
Value added
subtotal |
4.13 |
2.10 |
3.10 |
3.75 |
4.71 |
5.52 |
2.00 |
2.58 |
0.71 |
-3.90 |
Plus taxes except
IVA |
n.d. |
n.d. |
n.d. |
n.d. |
n.d. |
n.d. |
n.d. |
1.53 |
-0.29 |
-2.50 |
Minus : Subventions |
n.d. |
n.d. |
n.d. |
n.d. |
n.d. |
n.d. |
n.d. |
12.05 |
6.89 |
6.00 |
Plus non deducible
IVA |
n.d. |
n.d. |
n.d. |
n.d. |
n.d. |
n.d. |
n.d. |
5.60 |
-0.62 |
-8.50 |
Plus: Duties and
taxes on imports |
9.76 |
-1.35 |
36.68 |
48.19 |
25.99 |
10.64 |
2.80 |
11.61 |
0.54 |
-38.00 |
GROSS
DOMESTIC PRODUCT |
4.28 |
2.00 |
4.05 |
5.39 |
5.81 |
5.83 |
2.05 |
2.76 |
0.60 |
-4.80 |
|
n.a.: Not
available.
pr: Preliminary.
p : Provisional.
e : Estimated by National Planning Department (DNP). Correspond to the
first quarter 1999
1/ Include parchment coffee and coffee thrashing.
2/ Without coffee trashing.
3/ Until 1996, included services,non financial and non real state
institutions.
4/ Include learning , social and health services.
Source: National
Administrative Department of Statistics(DANE). |
