Entries by Steffi Fondeur

Central Bank clarifies economy grew 7.3 % in 2014

The Central Bank reports that a study of the bank’s preliminary data has allowed for a revision of the 7.1 % growth in GDP in 2014 to 7.3 %. The Central Bank says that the additional 0.2 % comes from construction that was originally estimated to have value added growth of 11.4 % for January-December. […]

Tourism grew 7.5 % in 2014

The Central Bank reports that tourism growth of 7.5 % of GDP in 2014 was 3.6 % greater than in 2013. The Central Bank attributes the growth of the sector to a 9.6 % increase in non-resident passenger arrivals. There was also a 3.1 % increase in the national hotel room inventory, with 2,060 new […]