According to National Bureau of Statistics data, the country’s economy developed more slowly in the third quarter of the year than it did in the second.
The GDP growth rate dipped to 4.03 percent in Q3 from 5% in Q2, according to the Federation’s Statistician-General, Simon Harry, on Thursday.
He stated that aggregate GDP reached 45.11 trillion in nominal terms during the quarter, representing a 15.41% gain over the performance at the same time in 2020.
Harry indicated that the negative economic growth recorded in the second and third quarters of 2020 as a result of the COVID-19 epidemic contributed to GDP growth in 2021.
He stated that the current growth trend may be maintained by strictly adhering to the safety precautions put in place to restrict the spread of the COVID-19 pandemic and other disease variations.