Diamond rebound powers 2013 economic growth

Friday, April 04, 2014

Economy growth, as measured by Real Gross Domestic Product (GDP), picked up pace to jump by 5.9 percent in 2013 compared to a revised 4.3 percent in 2012. This was largely on the back of increased diamond production.

Last year’s increase in the rate of growth reversed a three year streak in which the economy grew at a slowing rate.

In 2010, the economy grew by 8.6 percent but slowed down to 6.2 percent the next year before further declining to 4.3 percent in 2012.

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Diamond rebound powers 2013 economic growth

Economy growth, as measured by Real Gross Domestic Product (GDP), picked up pace to jump by 5.9 percent in 2013 compared to a revised 4.3 percent in 2012. This was largely on the back of increased diamond production.