Ministry of Economy announces June's economic report

The Ministry of Economy announced the economic report from May 17 to June 20 (June).

Accordingly, monthly inflation rose by 2.7% to 9.9%, and annual inflation rose by 0.9% to 4.8%.

The gross domestic product grew by 23.49%, rising from $ 102117 to $ 126112.

Gross domestic product per capita increased to 73 dollars.

Unemployment fell 4.8% from 16.7% to 11.9%.

The population below the poverty line decreased by 2.5%, from 28.4% to 25.9%.

The average gross salary increased from $ 428 to $ 899, and the average net salary increased from $ 392 to $ 709.

The Ministry of Economy announced that 1 factories in Fakaofo, 1 in Nukunonu, and 1 in Berdwind, they will be put into service after 21 June, and the things produced here will contribute to the economy used in exports.