GDP - the value of all goods and services produced in the province - grew by 3.0% annually, on average, from 2003 to 2008. But between 1997 and 2003, GDP grew by an average of 8.9% a year.
Labour productivity increased by 6.4% annually, on average between 1997 and 2003. However, between 2003 and 2008, productivity increased by 2.1% annually, on average.
this sort of concrete information should make anyone think twice about all those goofball commentaries claiming there was something they called the Danny Williams Effect driving the economy to unprecedented heights.
- srbp -
