According to the Gross Domestic Product Report, released by the National Bureau of Statistics (NBS) on Thursday, the information and communication sector grew by 5.5% in Q2 2021 from 6.31% in Q1 2020 and 16.52% in Q2 2020.
The Information and Communication sector is composed of the four activities of Telecommunications and Information Services; Publishing; Motion Picture, Sound Recording, and Music Production; and Broadcasting.
In nominal terms, the sector’s growth stood at -0.07% (year-on-year), a 1.08% point increase compared to the rate of -1.15% recorded in the corresponding quarter of 2020, but -7.93% points lower than the rate recorded in the preceding quarter.
Of total real GDP, the sector contributed 17.92% in the second quarter of 2021, slightly higher than in the same quarter of the previous year in which it represented 17.83% and the preceding quarter in which it represented 14.91%.
Key highlights
- Telecommunications & Information Services grew by 5.90% in Q1 2021 from 7.69% in Q1 2021 and 18.10% in Q2 2020.
- Publishing under Information and Communication grew by 2.39% in Q2 2021 from 1.45% decline in Q1 202 and -18.35% in Q2 2020.
- Motion Pictures, Sound recording, and Music production grew by 5.02% in Q2 2021 from 2.21% in Q1 2021 and -4.60% in Q2 2020.
- Broadcasting grew by 3.84% in Q2 2021 from 2.45% in Q1 2021 and 8.78% in Q2 2020.
- The sector also contributed 12.22% to total Nominal GDP, lower than 14.06% recorded in the same quarter of 2020 but higher than the 9.91% contributed in the preceding quarter.
- While the sector contributed 17.92% in real terms in the second quarter of 2021, slightly higher than in the same quarter of the previous year in which it represented 17.83% and the preceding quarter in which it represented 14.91%.