This rebound is the result of a strong increase of 18.9% in agricultural activity and 5.6% in non-agricultural activities.
“Driven by domestic demand, this growth was achieved in the context of rising inflation and a slight need for financing of the national economy”, explains the HCP
The added value in volume of the primary sector, corrected for seasonal variations, increased by 20.7% during the fourth quarter of 2021 instead of a drop of 9% achieved during the same period in 2020. This development is due to the increase in the activity of agriculture by 18.9% instead of a drop of 10.7% a year earlier and that of fishing by 40.7% instead of an increase of 11 .5%.
The added value of the secondary sector increased by 5.2% instead of 0.9% during the fourth quarter of the previous year. This was the result of improved added values:
- electricity and water by 6.9% instead of 0.2%;
- construction and public works by 6.4% instead of a drop of 1.9%;
- processing industries by 5.5% instead of 0.9%; and the fall in that of the extraction industry by 2% instead of an increase of 8.8%.
The added value of the tertiary sector, for its part, increased by 5.1% following a decline of 7.1% during the fourth quarter of the previous year.
Under these conditions, and taking into account the 3% increase in taxes on products net of subsidies, the Gross Domestic Product (GDP) in volume recorded a rebound of 6.6% during the fourth quarter of 2021 instead of a decline of 5.1% a year earlier.
Domestic demand grew by 7.3% in the fourth quarter of 2021 instead of a drop of 4.9% in the same period of 2020, thus contributing 7.8 points to national economic growth instead of a negative contribution of 5.3 points.
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