International Business contributing nearly a third of our Gross Domestic Product last year.
Jason Hayward, Minister of Economy and Labour, today lauded three consecutive years of economic expansion.
Financial and Insurance Activities increased by $72.9 million, Accommodation and Food services by $53.6 million, and Professional, Scientific and Technical Activities grew $29.4 million.
Growth was seen in Transport, Information and Communication, Education, and Arts and Entertainment – among others.
Four sectors saw a decline – Construction, Agriculture and Fishing, Electricity and Water Supply, and Public Administration.
With International Business contributing so heavily to GDP, as well as Government payroll tax, Gary Foster Skelton asked about our economic diversity (video below).
