Partial indicators such as Value Added Tax (VAT) collections, new consumption lending, new vehicle sales and imports of consumption goods have all noted annual increases in 2013. Additionally, investment indicators showed continued resilience and growth last year as well.
Total investment is estimated to have been around 28 percent of GDP last year as all partial indicators such as imports of investment goods, lending for investment, domestic cement sales and value of work-put-in-place registered annual increases. The improved investment climate and confidence has translated well into the demand for labour.