Gross Domestic Product Growth Rate And Contribution To GDP (Transport Sector)
Real GDP at 1990 Base Year
Stalled growth, post-2005
Real GDP at 2010 Base Year
Weak growth post-2012, contraction in 2016
Gross Domestic Product Growth Rate: Growth in the sector which stalled in the second and third quarters of 2015 witnessed a considerable decline in 2015Q4; the stall in growth in 2015 is attributable to persisting underperformance in road transportation. However, the sectors growth increased dramatically in 2016Q1 (reaching nearly 15 percent) owing to the sharp rise of activities in the road transport sub sector, but fell sharply to about -5 percent in 2016Q2.
Contribution to GDP: The contribution of the sector to overall GDP growth, which has been fairly flat prior to 2014 took an upward trend afterward; particularly jumped in 2016Q1 following the new budget allocations for capital expenditure.
Capital Importation: Investment in the oil and gas sector has remained low since 2009. However, investments into the sector fell more deeply in 2015, on the account of persistent global and domestic c
Gross Domestic Product Growth Rate: The growth performance of the Oil and Gas sector has been unsteady throughout years and declined most significantly in 2015Q4, following a positive growth recorded
Capital Importation: Given the positive outlook on the ITC sector in the past few years, investments in the sector reached a 10-year peak in 2014. However, the foreign investment fell marginally in 2
Appropriation Act (Budget): Capital expenditure remarkably increased in 2016 relative to preceding year, on the account of the present governments renewed commitment to infrastructure development.