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Economy grew by 3.6% in 2017/18

e-Gaming continues to be the largest sector

The economy grew by 3.6% in real terms last year, according to the latest government figures.

Official data shows Gross Domestic Product (GDP) increased to £5.26bn pounds in 2017/18, up from £4.88bn.

Insurance was one of ten sectors which experienced growth, whilst other sectors - including tourist accommodation - contracted.

Growth in the e-Gaming industry during the year means it continues to be the largest sector within the economy, with a share of 21.1%.

Gross National Product (GNP) also saw an increase of 5.2% in real terms, compared to -1.1% in 2016/17.

The accounts contained within the latest report relate to the year 2017/18 and do not necessarily reflect the current position of the Island's economy.

The full report is available here

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