The gross domestic product (GDP) registered 3.2% quarter-on-quarter (q/q) growth in the fourth quarter of 2011 (Q4:11) – only just pipping the 3.1% growth expected by economists generally.
This was buoyed by notable contributions from: Wholesale, retail and motor trade, catering and accommodation (0.7%); manufacturing (0.6%); general government services (0.6%); finance, real estate and business services (0.5%) and transport, storage and communication (0.3%).
Trade registered 5.2% q/q growth in Q4:11, with rising turnover across divisions cited as contributing to this growth.
As a whole, 2011 saw real GDP rise by 3.1%, from 2.9% in 2010. Once again, the finance, real estate and business services, general government services, wholesale, retail and motor trade, catering and accommodation, and manufacturing sectors emerged as key contributors to this growth.
