CSO reports growth of the economy in 2018

By Staff Reporter


Central Statistical Office (CSO) says that the Zambian economy grew by 3.9 percent during the first three quarters of 2018 compared to the 3.6 percent recorded in the first three quarters of 2017.


CSO Acting Director for Census and Statistics Goodson Sinyenga says the financial insurance activities contributed the highest growth with 1.1 percentage points.


He said the agriculture, forestry & fishing industries had a negative contribution of 1.4 percent.


Sinyenga added that the Gross Domestic Product (GDP) at current prices in the first three quarters of 2018 was estimated at K200, 967.7 million compared to K173, 569.0 million recorded during the same period in 2017.


“The wholesale & retail trade, mining & quarrying, manufacturing, transportation & storage and construction industries were the main contributors, collectively accounting for 58.8 percent while the arts, entertainment & recreation industry had the lowest share at 0.3 percent,” he said.