Today the Cabinet Office released the Quarter 2, 2021 Quarterly Gross Domestic Product (GDP) by Expenditure publication.
After adjusting for inflation, the GDP in constant prices increased 13.6% in the second quarter of 2021.
There were increases in several sectors during the second quarter, as growth reflected a rebound in economic activity compared to 2020.
Some key highlights of the 2021 2nd quarter are as follows:
Ø Household Final Consumption increased 12.3% year-over-year to $737.3 million.