HCP: control of inflation and an increase in the financing needs of the national economy


The High Commission for Planning (HCP) has just indicated in an information note on the national economic situation in Q4-2023, that the finalization of the national accounts for the fourth quarter of 2023 highlights an improvement in national economic growth which stood at 4.1% instead of 0.7% during the same period of 2022.

Driven by domestic demand, this growth was achieved in a context of controlled inflation and an increase in the financing needs of the national economy, non-agricultural activities increased, in volume, by 4.1% and those of the agricultural sector by 5.8%.

At retail, the added value of the primary sector achieved growth of 4.6% in the 4th quarter of 2023, this development due to the increase in agricultural activity of 5.8% and the decline in that of fishing. by 14.9%.

For its part, the added value of the secondary sector in volume, adjusted for seasonal variations (CVS), recorded an increase of 7.4% in the 4th quarter of 2023, following the improvement in the added values ​​of the extraction industry. by 16.4%, manufacturing industries by 8%, construction and public works by 2.4% and electricity, gas, water, sanitation and waste by 4.2%.

As for the added value of the tertiary sector, it recorded a slowdown in its growth rate from 5.1% in the same quarter of the previous year to 2.8%.

It was marked by the decline in accommodation and catering activities to 6.9%, research and development and services provided to businesses to 3.7%, financial services and insurance to 3.6%, services provided by general public administration and social security at 2.5%, education, health and social action services at 1.8%, as well as by improving transport and warehousing by 3.7%, real estate services by 2.4%, trade and repair of vehicles by 2% and information and communication by 2%.

At current prices, gross domestic product (GDP) increased by 6.7% in Q4-2023, leading to a slowdown in the general price level to 2.6%.

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