Gulf Oil and Gas accountACCOUNT

Africa Economy - December 2016

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

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 >>

United States >>  7/1/2020 - Epsilon Energy Ltd. announced that based on the recommendation of the independent Special Committee of the Company’s board of directors, the Company e...
Nigeria >>  6/30/2020 - ADM Energy plc, an oil and gas investing company quoted on AIM, announces its audited full year results for the year ended 31 December 2019. ...

Norway >>  6/30/2020 - Prosafe refers to the information on its financial status and process with lenders that has been provided over time, lastly on 2nd June 2020. The comp...
Australia >>  6/29/2020 - TAG Oil Ltd. announces that the release of its annual financial statements for the fiscal year ending March 31, 2020 (the "Annual Financial Statements...

Pakistan >>  6/29/2020 - Jura Energy Corporation is providing an update on the status of the filing of the Company’s interim financial statements for the three month period en...
Mongolia >>  6/26/2020 - Petro Matad, the AIM quoted Mongolian oil explorer, announces the issue of 3,200,000 new ordinary shares of US$0.01 each in the Company ("Shares") und...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  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 | 21 | 22 | 23 | 24 | 25 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.