2023-12-29 11:35:11
National economic growth improved in the third quarter of 2023, standing at 2.8% instead of 1.7% during the same period of 2022, according to the High Commission for Planning (HCP).
This improvement is attributable to the increase in non-agricultural activities of 2.7% instead of 3.3% a year earlier, and in the agricultural sector by 5.7%, explains the HCP in its information note on the situation national economy in the third quarter of 2023.
This growth was driven by domestic demand in a context of high inflation and a reduction in the financing needs of the national economy, notes the same source.
In detail, the HCP estimates that the added value of the primary sector in volume, adjusted for seasonal variations (cvs) recorded an increase of 8.9% in the third quarter of 2023 instead of a drop of 13.8% during the same period. period in 2022, explaining this development by the increase in agricultural activity of 5.7% instead of a drop of 13.1% a year earlier and that of fishing by 80.7% instead of a drop of 25.6%.
For its part, the added value of the secondary sector showed an increase of 0.5% instead of a decrease of 1.1% during the third quarter of the previous year, due to the increase in the added values of activities electricity and water by 2.1% instead of a drop of 3.5%, processing industries by 1.1% instead of 2%, construction and public works by 0.5% instead a drop of 5.1% and a drop in that of the extraction industry of 3.7% instead of a drop of 10.1%.
The added value of the tertiary sector, moreover, recorded a slowdown in its growth rate which went from 5.9% in the same quarter of the previous year to 3.1% during this quarter, indicates the note.
It was marked by the slowdown in accommodation and catering activities to 11.2% instead of 57.6%, education services, health and social action activities to 3.5 % instead of 4.9%, research and development and services provided to businesses at 3.2% instead of 6%, services provided by general public administration and social security at 3% instead of 4.2%, financial services and insurance at 2.2% instead of 9%, transport and warehousing at 1.6% instead of 2.1%, information and communication at 0.3% instead of 3.9%.
It was also marked by the improvement in the activities of Real Estate Services, with 2.1% instead of 1% and vehicle trade and repair, with 2% instead of a drop of 1%.
In this context, and taking into account the increase in taxes on products net of subsidies of 0.7% instead of 4.8%, the Gross Domestic Product showed an increase of 2.8% in volume instead of 1.7% in the third quarter of the previous year.
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