Real GDP, ICT sector contributed 17.83% in Q2 from 14.55% in preceding quarter 2020-NBS

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The Information and Communication sector is composed of the four activities of Telecommunications and Information Services; Publishing; Motion Picture, Sound Recording and Music Production; and Broadcasting.

According to the National Bureau of Statistics (NBS) report, in nominal terms, in the second quarter of 2020, the sector recorded growth at –1.15% (year-on-year), or –41.70% points decrease from the 40.54% recorded in the same quarter of 2019, and –10.09% points lower than rate recorded in the preceding quarter.

 

The Quarter on Quarter growth rate recorded in the second quarter of 2020 was 30.12%. The Information and Communications sector contributed 14.06% to total nominal GDP in Q2 2020, lower than the rate of 13.83% recorded in the same quarter of 2019 but higher than the 10.31% it contributed in the preceding quarter.

Nevertheless, in this second quarter of 2020, the sector recorded a growth rate of 15.09% in real terms, year on year. Compared to the rate recorded in the corresponding period of 2019, this was an increase of 6.09% points. While the Quarter on Quarter, the sector exhibited a growth of 20.32% in real terms. Out of total real GDP, the sector contributed 17.83% in 2020 second quarter, higher than in the same quarter of the previous year in which it represented 14.55% and the preceding quarter, in which it represented 14.07%.

 

NBS further disclosed that the Information and Communication sector grew by 15.09% in Q2 2020 from 9.99% in Q1 2020 and 9.01% in Q2 2019 while Telecommunications & Information Services under Information and Communication sector grew by 18.10% in Q2 2020 from 9.71% in Q1 2020 and 11.34% in Q2 2019 Leaving Publishing under Information and Communication sector contracted by -18.35% in Q2 2020 from 0.10% in Q1 2020 and 4.60% in Q2 2019

 


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