Gozo’s contribution to GDP was 5.2% in 2012, with GVA up by 1.2%

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Gozo's contribution to GDP was 5.2% in 2012, with GVA up by 1.2%Provisional estimates for 2012 indicate that Gozo’s contribution to the national Gross Domestic Product at market prices was 5.2 per cent, or €353.7 million, the National Statistics Office said today, in 2011 it stood at 5.3%.

Gross Value Added (GVA) for Malta increased by 3.6 per cent in 2012, while that for Gozo went up by 1.2 per cent, down from 2.5% in 2011.

The NSO said that the economic activities which significantly contributed to growth in Gozo’s GVA included public administration and defence; compulsory social security; education; human health and social work activities; wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities; and professional, scientfi c and technical activities; administrative and support service activities.

Activities which recorded a decline in Gozo included: mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities: and real estate activities.

Almost all industries registered an increase in total employment in Gozo last year, with the exception of mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities, construction, and to a lesser extent in real estate activities and information and communication.

A marginal decrease in unemployment was registered in Gozo last year, while an increase of 4.6 per cent was registered in Malta.

Both regions experienced an increase in population.

Photograph – Alain Salvary

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