A flourishing services sector, including retail and accommodation, is boosting the country's gross domestic product.

Last year the economy's value was $246b in current prices.

GDP has been rising in conjunction with service industries, which are up 0.8% overall.

Growth in trade and hospitality was offset slightly by a slowing down in the agriculture and manufacturing sectors.

Household spending increased by 1% last year, with more money going into restaurant and ready-to-eat meals, as well as travel and accommodation.