On May 31, 2022, in its press note on provisional estimates on national income, the National Statistical Office (NSO) released the 2021-22 fourth quarter GDP growth rate figure at 4.1% (April 1-March 31, 2022 in annual equivalent terms) compared to fourth quarter figures for the previous year, 2020-21.
In the first quarter of 2020-21 (April 1 to June 30), GDP growth rate according to the NSO, was –23.8% ,which is when the COVID-19 pandemic began spreading.
The combined subsequent and remaining three quarters of 2021-22 annualised growth rate was negative, and thus for the fiscal year of four quarters, the GDP annual 2020-21 was placed at -4.8%.
