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Revision Note: The GDP estimate revisions were driven by: 1. Resolving data inconsistencies uncovered during the reconciliation of fishing quantities. 2. Correcting compilation errors in administrative and support services, as well as in Public administration. These improvements lead to an increase in Nominal GDP from GMD 14O.48 billion to GMD 145.85 billion in 2023. The real GDP in the same period also increased from GMD 72.47 billion to GMD 73.07 billion. As a result, the real GDP growth rate for 2023 increased from 5.0 percent to 5.9 percent.
Revision Note: The GDP estimate revisions were driven by: 1. Resolving data inconsistencies uncovered during the reconciliation of fishing quantities. 2. Correcting compilation errors in administrative and support services, as well as in Public administration. These improvements lead to an increase in Nominal GDP from GMD 14O.48 billion to GMD 145.85 billion in 2023. The real GDP in the same period also increased from GMD 72.47 billion to GMD 73.07 billion. As a result, the real GDP growth rate for 2023 increased from 5.0 percent to 5.9 percent.