26 Sep 2008
Amman (JT) - Gross domestic product (GDP) grew in the second quarter of 2008 by 6.7 per cent at constant prices, compared to the same quarter of 2007.
According to the Department of Statistics (DoS), the positive development was a result of the accrued growth in the production sectors by 5.3 per cent during the second quarter of 2008 as compared to the same span last year.
Meanwhile, the net taxes on products sector registered a growth of 14.7 per cent during the second quarter of 2008 compared to the same period in 2007 and topped the list of sector contributions to the GDP growth in the April-June period at 2.1 per cent.
The Dos attributed the growth in this sector to the increase in the sales tax on imports, commodities, domestic services and the trade sector by 27 per cent.
The second top contributor was the finance, insurance, business owners and real estate sector, which grew by 8.5 per cent and contributed 1.5 percentage points to the GDP growth over the three months in question.
The transport, storage and communications sector contributed 1.0 percentage point, followed by the manufacturing sector by 0.6 percentage points, while the rest of the economic sectors contributed 1.5 percentage points to the growth rate.
