The Island's Gross Domestic product has risen by 7.4 per cent during the 2016/17 financial year.
The figure was published in the National Income Report - which also stated 16 of the 24 sectors covered in it showed areas of growth.
Meanwhile, it adds total personal income has increased by 4.4 per cent.
Minister for Enterprise, Laurence Skelly, says the rise in corporate profits and income for the population is 'really encouraging'.
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