The nation’s gross domestic product (GDP) declined to one-point-nine-four percent in the second quarter of 2019. According to the second-quarter GDP report released by the National Bureau of Statistics on Tuesday, the GDP figure is zero-point-one-six percent percentage points lower than the two-point-one percent recorded in the first quarter of 2019.
In the report released on Tuesday, the NBS said the two-point-zero-one percent GDP figure announced in May has been revised to two-point-one percent. In the fourth quarter of 2018, the GDP figure was computed at two-point-three-eight percent.
The oil sector posted a real growth rate of five-point-one-five percent in the second quarter of 2019, indicating an increase of six-point-six-one percent points when compared to the revised first quarter indices.
The non-oil sector grew by one-point-six-four percent in real terms during the reference quarter. This was minus-zero-four percent points lower than recorded in the same quarter of 2018, and minus-zero-point-eight-three percent point lower than the first quarter of 2019.