Gulf Oil and Gas accountACCOUNT

Africa Economy - December 2016

Source: OPEC 1/10/2017, Location: Africa

Share |
The economy of Egypt grew by a robust pace in 2Q16. GDP expanded 4.5% y-o-y in 2Q16, following the 3.7% expansion in the previous quarter. While reported growth in the private sector slowed from 5.0% in 1Q16 to 1.7% in 2Q16, public sector consumption, climbed by 4.8% y-o-y, up from the 2.0% growth seen in the previous quarter. While the decline in exports continued, it eased to only 2.4% y-o-y from the 18.7% drop in 2Q16. Following four quarters of contraction, imports rose 6.9% y-o-y.

The GDP of South Africa expanded by a slightly faster pace of 1.4% in 3Q16, compared to a rise of 1.3% in 2Q16. Growth in private consumption expenditure accelerated to 1.1%, up from 0.8%. Growth in public consumption expenditure slowed to 1.1% from 1.5% and the decline in GFCF deepened even further to register a fall of 6.1% in 3Q16 from the 3.0% drop in the previous quarter. As for exports, they declined for the first time since 1Q13, dropping by 3.9% in 3Q16 from the same period last year. Imports by South Africa declined in 3Q16 for the third consecutive quarter.

Economics/Financial Analysis News in Egypt >>

Austria >>  2/22/2017 - Open interest volume (OIV) increased in January for selected US commodity markets such as agriculture, crude oil, copper, precious metals, agriculture...
Austria >>  2/18/2017 - 

Austria >>  2/13/2017 - Energy commodity prices advanced in January, as oil prices rose while coal and natural gas prices generally declined. In the category of non-energy co...
Russia >>  2/8/2017 - GDP in Russia contracted by 0.4% y-o-y in 3Q16, the slowest pace since the onset of economic deceleration in 1Q15. Household consumption showed a slow...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Privacy Policy.