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GDP: Agriculture sector grows by 3.42% in Q4 2020

Agricultural financing, GDP: Agriculture grows by 3.42% in Q4 report

The Agriculture sector grew by 3.42% in real terms in Q4 2020 compared to a growth of 1.39% (year-on-year) recorded in the previous quarter (Q3 2020).

This was disclosed in the Q4 GDP report, released by the National Bureau of Statistics (NBS) on Thursday. The 2020 Agric GDP grew by 2.17% compared to 2.36% recorded in 2019.

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The NBS disclosed that Crop Production grew by 3.68% compared to 1.38% in Q3 2020 & 2.52% in Q4 2019. The total 2020 GDP for Crop Production grew 2.24% compared to 2.51% in 2019

READ: Aviation’s real GDP contracts by 36.98% in 2020

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