Ministry of Economy announces May's economic report

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

Accordingly, monthly inflation rose by 2.9% to 7.2%, and annual inflation rose by 1.8% to 3.9%.

The gross domestic product grew by 362%, rising from $ 22099 to $ 102117.

Gross domestic product per capita increased to 59 dollars.

Unemployment fell 6.3% from 23% to 16.7%.

The population below the poverty line decreased by 5.6%, from 34% to 28.4%.

The average gross salary increased from $ 201 to $ 428, and the average net salary increased from $ 276 to $ 392.

The Ministry of Economy announced that 1 factories were opened in Atafu, 1 in Fakaofo, 2 in Nukunonu, and 1 in Belkıs, they will be put into service after May 31, and the things produced here will contribute to the economy used in exports.