The country’s economic growth rate has been estimated to stand at 5.1 percent in the second quarter of the current fiscal year 2081/82 BS (2024/25 AD)

The country’s economic growth rate has been estimated to stand at 5.1 percent in the second quarter of the current fiscal year 2081/82 BS (2024/25 AD).

Making public the forecasts of preliminary gross domestic product (GDP) for the second quarter on Wednesday, the National Statistical Office said that there has been a slight growth in GDP despite improvement in some sectors, including transportation.

However, the growth rate has not reflected adjustment of weather impacts. The office informed that the GDP growth rate after adjusting weather impact in the second quarter was 2.2 percent.

The electricity and gas sector witnessed a negative growth of 4.8 per cent and housing and food sectors saw a negative growth of 2.7 per cent. According to the data, transportation and storage activities have the highest growth rate of 14.2 per cent, while mining and quarrying sector is the second highest growing industrial sector with 9.5 per cent growth rate.

Similarly, with the rise in import of construction materials and domestic production, the total value added growth rate of the construction sector is estimated to be 9.1 percent.