The National Accounts Committee (NAC) held its annual meeting the other day and declared the revised Gross Domestic Product (GDP) at 6.10 percent for the year at 2021-22, which was provisionally estimated at 5.97 percent.
“The final growth rate of GDP for the year 2021-22 has been estimated at 5.77 % which was 5.74 % in the revised estimates. The revised growth rate of GDP for the year 2021-22 is 6.10% which was provisionally estimated at 5.97 %,”, said a news release on Thursday.
In the revised estimates, the NAC observed that the agriculture sector slightly declined from 4.40% to 4.27%, despite improvement in crops sub-sector (from 6.58 % to 8.19 %) due to livestock (decreased from 3.26% to 2.25%) and forestry (from 6.13% to 4.07%).
The 106th meeting of NAC reviewed the final, revised and provisional estimates of GDP for the years 2020-21, 2021-22 and 2022-23, respectively.
“The provisional GDP estimates for the year 2021-22 and revised GDP estimates for the year 2020-21 presented in the 105th meeting of the NAC held in May 2022 have been updated on the basis of latest available data,” it added.
The industrial sector has slightly declined from 7.19 % to 6.83 % in the revised estimates due to decrease in electricity, gas and water supply (from 7.86% to 3.14%).