GDP up 1.1% in Q1 of 2019 (INS) [Upd 1]
15/05/2019 14:02, TUNIS/Tunisia
(TAP) – The real gross domestic product (GDP) edged up 1.1% in the first quarter (Q1) of 2019, compared with the same period in 2018, and 0.1% compared to the Q4 of 2018, according to the National Institute of Statistics (INS).

The added-value of manufacturing industries edged down 0.6% during the Q1 of 2019, compared with the same period in 2018, following the 9.6% drop in the production of the agricultural and agro-food industries sectors due to the decline in olive oil production.  

As such, the added value of the sectors of textile/clothing and leather/footwear and electrical and mechanical industries dropped by 0.5% and 0.9%, respectively.

However, the added value of the construction material, ceramics and glass industries were up 3.2%.

Likewise, the chemical industries’ added value edged up 22.6% against a 23.9% drop during the Q1 of 2018.

Non-manufacturing industries: 0.8% drop in the added value

The added value of non-manufacturing industries posted a 0.8% drop during the Q1 of 2019 compared with the same period in 2018 and a 1.2% rise compared to the Q4 of 2018.

This is due to the continuous decline by 10.8% in the production of the oil and natural gas extraction sector compared with the Q1 of 2018. The average daily production of crude oil fell to 38.1 thousand barrels, compared with 40.5 thousand barrels per day during the same period in 2018.

On the other hand, the mining sector’s added value climbed by 35.5%, due to the doubling of phosphate production. Some 0.9 million tonne of phosphate were produced during the Q1 of 2019, against 0.4 million tonne in 2018.   

The quarterly average of phosphate production stood at about 2 million tonnes before 2011.

The building sector also posted a 1.4% rise as a continuation to its upward trend since Q2 of 2018.

Market-related services sector: Added value up 2.9%

The upward trend of the market-related services sector is still on as its added value rose by 2.9% during the Q1 of 2019 compared with the same period in 2018, and by 0.6% compared to Q4 of 2018.

This is explained by the development of the added value of all its sectors, such as those of hotel, restaurant and coffee shops services (+ 7.2%) and of transport services (+0.4%). Likewise, a 4.1% rise was posted in the telecommunication and financial services.

However, the non-trade services, mainly services ensured by the administration, did not exceeded 0.4% rise.

Agricultural and fishing sectors: Slight drop of 0.7% in added value

The added value of the agricultural sector fell by 0.7% during the Q1 of 2019, following the drop in olive oil production compared with the previous agricultural season.

The Agriculture, Water Resources and Fisheries Ministry projects a positive trend for the sector in 2019, due to a promising grain harvest.
 
More
Twitter Updates Newsletter Signup Contact Us

If you wish to receive our newsletter, register below.


tel: 71889000
fax: 71883500, 71888999