MAIN DRIVERS FOR THE GDP 2019Q2 ESTIMATES
Introduction
The provisional 2019 Q2 GDP year on year growth estimates are based on unrevised/provisional 2018Q2 GDP estimates.
OVERALL OIL GDP
The Oil real GDP growth for 2019 Q2 can be attributed to the high growth rates in the following sub-sectors:
- Information & Communication (52.8%);
- Real Estate14.9%
- Mining & Quarrying (14.0%), (of which Oil and Gas grew by 25%);
- Health and Social Work (10.3%);
- Education (8.9%);
- Manufacturing (7.4%) and;
- Hotels & Restaurants (6.6%).
The following sub-sectors however contracted in 2019Q2 compared to 2018Q2 and contributed negatively to overall growth:
- Construction -8.3%
- Water & Storage, Waste management & Remediation activities -7.9%
- Electricity -7.5%
- Forestry & Logging -6.5%
- Public Administration & Defence, Social Security -2.8%
- Fishing -2.1%
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