Government figures show that the Island’s GDP or Gross Domestic Product, equalled ?1.5bn, an increase of 11.5% compared to the previous year.
They say that after allowing for the effect of price inflation on values, this means that the economy grew in real terms by 5.2%. This compares favourably with the performance of the UK economy (which grew in the year by 3.2%) and that of the EU (where Member economies grew on average by only 2.2%), whilst the Jersey and Guernsey economies actually contracted.
The full and finalised accounts, which will provide details analysed by economic sectors, will be published later in the month.
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