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

HIBAPRESS-RABAT-HCP

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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