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Sunday, 12 August 2012 - 18:00
Regional disparity narrows - CB
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The Central Bank stated last week that Regional disparity in economic development is narrowing with the increase of regional economic growth.

Provincial GDP data released by the Statistics Department of the CB revealed that the Northern province recorded the highest nominal 27.1 percent growth rate and increased its share of the national economy marginally to 3.7 percent from 3.4 percent in the previous year.

The growth is driven by expansion in agriculture, fishing, construction, transportation and financial services.

The main reason for the high growth in the Northern province was the improved performance in the agriculture sector.

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